Billionaires
Billionaire Oil Heirs Pivot to Luxury Property and Diamonds
- Perrodo heirs are investing in real estate, private equity
- Family has backed investments in fashion brands, insurance
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The billionaire family behind one of Europe’s largest independent oil companies is boosting investments in high-end real estate, diamonds and clothing as it seeks to branch out from hydrocarbons.
The French Perrodo clan, whose late patriarch Hubert founded Perenco, is making bets on assets ranging from a $21 million office and apartment block in New York’s SoHo to packaged Italian food and upmarket property in Spain, according to recent regulatory filings and website updates.