Billionaire Margarita Louis-Dreyfus Gives Birth to Twins

  • Controlling shareholder of trader was planning brief leave
  • Births represent second set of twins for 53-year-old Russian

Margarita Louis-Dreyfus, chairwoman and controlling shareholder of Louis Dreyfus Co., has given birth to twin girls.

Louis-Dreyfus, 53, had previously said she planned to take a monthlong leave from her duties following the births. She also has three sons, including another set of twins, from her marriage to the late Robert Louis-Dreyfus.

“Margarita Louis-Dreyfus has safely delivered twin daughters,” a company spokeswoman said in an e-mailed statement. “Mother and babies are doing well.”

Louis-Dreyfus, who owns 81 percent of the holding company that controls Louis Dreyfus Co., was appointed chairwoman on Oct. 1, succeeding Serge Schoen. The commodity trader also appointed Gonzalo Ramirez Martiarena as chief executive officer and Sandrine Teran as chief financial officer.

The recent CEO and CFO appointments will “ensure that the company conducts business as usual during Mrs. Louis-Dreyfus’s short, well-deserved absence from her duties,” the firm said in January.

Louis-Dreyfus’s partner is Philipp Hildebrand, vice chairman of BlackRock Inc., the world’s largest money manager, and a former head of the Swiss central bank.

Minority Stake

“Philipp Hildebrand and Margarita Louis-Dreyfus are thrilled with the birth of twins -- everyone is happy and healthy,” BlackRock said in a statement on Monday.

Russian-born Louis-Dreyfus is considering selling a minority stake in the 165-year-old agricultural commodities trading house to finance the purchase of shares from other family members.

Louis Dreyfus said on Monday that full-year profit fell 67 percent to the lowest in a decade as the world’s largest trader of rice and raw cotton was hit by lower prices, reduced volatility and an oversupply of agricultural commodities from wheat to soybeans.

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