Belgian Billionaires: Richest People In Belgium, 2019

With an estimated net worth of $7.6 billion, Eric Wittouck is the wealthiest person in Belgium, that’s according to CEOWORLD magazine’s Brazil Rich List Index For 2019. The number two spot for Belgium was occupied by the Belgian-Uzbek businessman Patokh Chodiev with a net worth of $2.3 billion.

Luc Tack, the Director-General of the Picanol Group, is the third richest person in the country; his net worth stands at $1.2 billion. Picanol Group specializes in the development, production and sales o sewing machines and technology for the textile industry.

According to the financial publication’s annual listing, 2019 saw the total wealth of the top three richest people in Belgium hits a new record high of $11 billion. In other words, the wealth of the top three richest people in Belgium accounts for 2.24% of Belgium’s GDP.

To identify the wealthiest people in Belgium, CEOWORLD magazine reviewed numerous national and international media reports. Additional information about the billionaires came from Forbes global index, Bloomberg Billionaires Index, CEOWORLD magazine’s rich list index, Hurun rich list, and all estimated net worth figures are in U.S. dollars. The Belgium Rich list was compiled using shareholding and financial information obtained from the media reports and individuals, analysts, stock exchanges, and regulatory agencies. This list encompasses family fortunes, including those shared among extended families of multiple generations. The minimum to make the list was $1 billion.

Richest People In Belgium, 2019

1. Eric Wittouck: $7.6 billion
2. Patokh Chodiev: $2.3 billion
3. Luc Tack: $1.2 billion

The Wittouck family made its fortune with the Raffinerie Tirlemontoise. Erick Wittouck, a descendant of Belgian sugar barons who now lives in Monaco, owes his place in the ranking to Indus, a New York-based private equity firm Invu.

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