Ingvar Kamprad and family
Sweden, Net Worth: $22 billion
Opened first Ikea store 50 years ago; store’s name is a combination of initials of his first and last name, his family farm and the nearest village. Retired in 1986; company’s "senior adviser" still reportedly works tirelessly on his brand. Revenues up 7% to $27.4 billion in fiscal year 2008. Three sons all work at the company.
Opened first Ikea store 50 years ago; store’s name is a combination of initials of his first and last name, his family farm and the nearest village. Retired in 1986; company’s "senior adviser" still reportedly works tirelessly on his brand. Revenues up 7% to $27.4 billion in fiscal year 2008. Three sons all work at the company.Karl Albrecht
Germany, Net Worth: $21.5 billion
Germany’s richest person owns discount supermarket giant Aldi Süd. Retailer faring well; analysts expect its 2008 sales to be up 9.4% to $33.7 billion. Plans to open 75 U.S. stores in 2009, including first in New York City. With younger brother Theo, transformed their mother’s corner grocery store into Aldi after World War II. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got northern Germany and the rest of Europe
Germany’s richest person owns discount supermarket giant Aldi Süd. Retailer faring well; analysts expect its 2008 sales to be up 9.4% to $33.7 billion. Plans to open 75 U.S. stores in 2009, including first in New York City. With younger brother Theo, transformed their mother’s corner grocery store into Aldi after World War II. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got northern Germany and the rest of EuropeTheo Albrecht
Germany, Net Worth: $18.8 billion 
Runs discount supermarket group Aldi Nord; sales expected to hit $31 billion in 2008. After World War II, he and older brother Karl transformed their mother’s corner grocery into Aldi. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got the northern Germany stores and the rest of Europe. Unable to operate Aldi stores in U.S., Theo developed discount food store Trader Joe’s; now has more than 320 U.S. stores.
Amancio Ortega
Spain, Net Worth: $18.3 billion
With then-wife Rosalia Mera, also now a billionaire, started making dressing gowns and lingerie in their living room. Business became one of world’s most successful apparel manufacturers. Today, Inditex has more than 4,000 stores in 71 countries. Sales: $12.3 billion. Ortega is chairman. Company exported its cheap chic Zara stores to four new markets last year: Ukraine, South Korea, Montenegro and Honduras.
With then-wife Rosalia Mera, also now a billionaire, started making dressing gowns and lingerie in their living room. Business became one of world’s most successful apparel manufacturers. Today, Inditex has more than 4,000 stores in 71 countries. Sales: $12.3 billion. Ortega is chairman. Company exported its cheap chic Zara stores to four new markets last year: Ukraine, South Korea, Montenegro and Honduras.Bernard Arnault
France, Net Worth: $16.5 billion
France’s richest man lost $9 billion in the past year as shares of his $22 billion (sales) luxury goods group, LVMH Moet Hennessy Louis Vuitton, dropped 29%. Sailing into new waters: bought Princess Yachts, one of Britain’s oldest luxury motorboat manufacturers, last summer; picked up yacht builder Royal van Lent soon after. Via his investment arm, Groupe Arnault, owns French tour operator Go Voyages and has a stake in French retailer Carrefour.
France’s richest man lost $9 billion in the past year as shares of his $22 billion (sales) luxury goods group, LVMH Moet Hennessy Louis Vuitton, dropped 29%. Sailing into new waters: bought Princess Yachts, one of Britain’s oldest luxury motorboat manufacturers, last summer; picked up yacht builder Royal van Lent soon after. Via his investment arm, Groupe Arnault, owns French tour operator Go Voyages and has a stake in French retailer Carrefour.Stefan Persson
Sweden, Net Worth: $14.5 billion
Heads cheap chic fashion retailer Hennes & Mauritz; H&M known for bringing in big names like Madonna, Karl Lagerfeld, Stella McCartney and Kylie Minogue to design affordable collections for its 1,700 stores. Opened first store in Japan last fall. Business holding up so far amid economic downturn; sales, profits up 13% each in 2008. Stock up 3% in past year but fortune dragged down by weak euro.
Heads cheap chic fashion retailer Hennes & Mauritz; H&M known for bringing in big names like Madonna, Karl Lagerfeld, Stella McCartney and Kylie Minogue to design affordable collections for its 1,700 stores. Opened first store in Japan last fall. Business holding up so far amid economic downturn; sales, profits up 13% each in 2008. Stock up 3% in past year but fortune dragged down by weak euro.Liliane Bettencourt
France, Net Worth: $13.4 billion
Europe’s richest woman and L’Oreal’s biggest shareholder is embroiled in a sensational scandal. Only daughter and heir, Françoise Bettencourt-Meyers, petitioned courts to investigate reported $1 billion worth of cash and gifts her mother allegedly gave to François-Marie Banier, 61, a well-known photographer, writer and painter whom she befriended. Daughter claims Banier took advantage of her mother, who became a widow in November 2007. Liliane denies it; mother and daughter apparently no longer speak. Case now in court.
Europe’s richest woman and L’Oreal’s biggest shareholder is embroiled in a sensational scandal. Only daughter and heir, Françoise Bettencourt-Meyers, petitioned courts to investigate reported $1 billion worth of cash and gifts her mother allegedly gave to François-Marie Banier, 61, a well-known photographer, writer and painter whom she befriended. Daughter claims Banier took advantage of her mother, who became a widow in November 2007. Liliane denies it; mother and daughter apparently no longer speak. Case now in court.Michael Otto and family
Germany, Net Worth: $13.2 billion
Otto family’s shopping center outfit. ECE Group. is taking advantage of weak markets to make inroads in America; recently agreed to buy stake in struggling U.S. mall giant Developers Diversified Realty. Already owns most of Crate & Barrel. Family’s Paramount Group bought Deutsche Bank’s Wall Street headquarters in 2007; reportedly paid a record price per square foot for lower Manhattan. Michael retired that same year after 26 years as chief executive; still heads supervisory board of $14.8 billion (sales) Otto Group
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