Of all the world’s billionaires, with the exception of those from China, it is the French who have just enjoyed their most lucrative decade, according to a new UBS/PwC study.

LVMH Moët Hennessy Louis Vuitton boss Bernard Arnault and his ilk saw their wealth balloon more than five-fold to $443bn between 2009 and mid-2020, fueled by Asian hunger for French-branded luxury goods and a global real-estate boom fanned by low interest rates...

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