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Three European Billionaires Own Stakes in Family Businesses

By October 25, 2013July 12th, 2023Finance & Wealth Management1 min read

A recent article in Bloomberg reported that a bull market for luxury items, rising demand for construction equipment and laboratory services has propelled three Europeans into the billionaire territory. All of the recent billionaires own stakes in family-controlled businesses.

The fortunes of Marina Giori-Swarovski, heiress to the Swarovski crystal fortune; Mark Bamford, son of the founder of U.K. construction equipment maker JCB Service; and Gilles Martin, who controls French food and drug tester Eurofins Scientific, have each surpassed $1 billion this year, according to data compiled by Bloomberg.

“Figures suggest family businesses in Europe make up more than 60 percent of firms and one third of employment levels,” said Roger Pedder, president of industry lobbying group European Family Businesses. “They’re the largest element of the European economy.”

At ReGENERATION Partners, we focus exclusively on helping family businesses build wealth by solving family issues that impact the company’s value. When a monetary level of success reaching billions of dollars comes into play, the stakes are even higher for keeping the family business running successfully.

We are an international firm with more than 20 years’ experience and our team believes that every business enterprise can be improved, even those with high monetary success. Call the ReGENERATION Partners today and see how we can help you improve your business and reach new levels of success!