Succession war between billionaires: who will inherit the great business empires
Around six trillion euros will be inherited in the next decade. Beyond the succession of assets, for dynasties like the Arnaults, control of some of the world's largest holdings is at stake.
The family of Leonardo Del Vecchio, founder of EssilorLuxottica, which owns brands like Ray-Ban, is embroiled in a dispute over control of the company. Four years after Del Vecchio's death, his children are at odds over the distribution of his shares, with none holding a majority stake. Leonardo Maria Del Vecchio, 31, had aimed to acquire a 37.5% stake by buying out two of his siblings, but his half-brother has challenged the deal, which is now suspended pending a court decision.
This is not an isolated case, with other family dynasties, such as the Agnelli-Elkann and Murdoch families, also experiencing succession disputes. The global population of billionaires has reached a record 3,795, with an estimated $6.6 trillion in wealth set to be transferred to their heirs by 2035.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
