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Combined Net Worth Of Luxury Watch Titans Exceeds US$60.1 Billion

      Combined Net Worth Of Luxury Watch Titans Exceeds US$60.1 Billion

Wealth-X Releases List Of Top 10 UHNW Luxury Watch Manufacturers And Retailers

PR Newswire

SINGAPORE, Nov. 26, 2012

SINGAPORE, Nov. 26, 2012 /PRNewswire/ --Wealth-X, the ultra high net worth
(UHNW) business development solution for Global Private Banks, Luxury Brands,
Educational Institutions and Non-Profits, unveiled a list of the top 10 UHNW
global watch titans. The resilience of the luxury industry is clearly
reflected in the growing affluence of luxury retail giants and the UHNW
individuals (UHNWIs) behind them.

With a net worth of US$26 billion, Bernard Arnault, chairman and CEO of LVMH,
is the world's richest watch titan. The strong growth in LVMH's watch
portfolio catapulted Arnault to the top of the list. Francois Pinault, founder
of PPR, ranked second with a net worth of US$9.9 billion. In third place is
Johann Rupert, chairman of Compagnie Financiere Richemont, with a net worth of
US$5.1 billion.

Rank Name                   Company                        Est. Net Worth
                                                           (US$ billion)
                          
1    Bernard Arnault        LVMH Group                     26.0
2    Francois Pinault       PPR                            9.9
3    Johann Rupert          Compagnie Financiere Richemont 5.1
4    Francois-Henri Pinault PPR                            4.5
5    Bertrand Puech         Emile Hermes SARL              4.1
6    Ginette Moulin         Groupe Galeries Lafayette      3.1
7    Hussein Gazzaz         Hussein Bakry Gazzaz & Company 2.4
8    Esther Grether         Swatch Group                   2.0
9    Nicolas Hayek Jr.      Swatch Group                   1.7
10   Chamnong Bhirombhakdi  Pendulum The Watch Specialist  1.3

The collective net worth of the top 10 UHNW watch titans stands at US$60.1
billion, representing 86% of the US$70 billion that UHNW individuals spent on
luxury goods last year.

Mykolas D. Rambus, CEO of Wealth-X, said, "The UHNWIs on the list are
prominent names in the luxury sector and watches form an important part of
their business portfolios."

"These watch titans have developed a taste for luxury themselves, with several
notable art, wine and watch collectors amongst them. Their collections include
watches from Patek Philippe, FP Journe, and Vacheron Constantin," he noted.

For the full list and supplemental analysis, please visit:
http://www.wealthx.com/articles/2012/luxury-watch-titans/

About Wealth-X

Wealth-X provides detailed intelligence on ultra high net worth (UHNW)
individuals globally. The firm's Wealth-X Professional solution is the
standard for banking, marketing and not-for-profit professionals working with
the ultra affluent. Wealth-X is headquartered in Singapore with offices in all
major financial centres.

For more information about Wealth-X, please visit: www.wealthx.com 

SOURCE Wealth-X

Website: http://www.wealthx.com
Contact: Wealth-X, 65 68325169, press@wealthx.com
 
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