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It wasn’t a great year for France’s billionaires.
Three of the wealthiest people in that country—Bernard Arnault, Françoise Bettencourt Meyers, and François Pinault—lost a combined $70 billion in 2024, Bloomberg reported on Friday. That’s in large part due to the luxury slowdown that’s been occurring over the past couple of years, as the three control LVMH, L’Oréal, and Kering, respectively.
It’s a far way for all three to fall, as their fortunes…
