dreyfus family

Major offices are located in Geneva, London, Beijing, Buenos Aires, Paris, São Paulo, Singapore, New York City and Connecticut.[7]. Photographer: Anne-Christine Poujolat/AFP via Getty Images. However, as a Jewish family during the Second World War much of the family assets were confiscated by the Vichy government and some members of the family fled to America. She reportedly pledged her shares to take out a $1 billion loan in 2019 to buy out minority stakes owned by family members. Her reported partner is Philipp Hildebrand, vice chairman of BlackRock.

[12], On 11 May 2018, Louis Dreyfus Company sold its metals platform (LDC Metals, or LDCM) to NCCL Natural Resources Investment Fund. Aggregate average annual gross sales in recent years have exceeded US$120 billion. Alfred Dreyfus was born on October 9, 1859, in Mulhouse, Alsace, as the youngest of nine children of Raphaël Dreyfus, a prosperous, self-made Jewish textile manufacturer, and his wife Jeannette. [16] The companies involved have denied the allegations. However, as a Jewish family during the Second World War much of the family assets were confiscated by the Vichy government and some members of the family fled to America. It also paid a $280 million dividend. [5], Louis Dreyfus Company has its head office in Rotterdam in the Netherlands. Louis Dreyfus Company B.V. (LDC) is a global merchant firm that is involved in agriculture, food processing, international shipping, and finance. Home to Silicon Valley, it’s no wonder California has so many of the world’s richest. He rapidly diversified across shipping, weapons manufacturing, agriculture, oil and banking, thus establishing one of the wealthiest dynasties in Europe. LDH’s proposed dividend for this year represents almost all of the $230 million net income reported by LDC for 2019. [10], Léopold Louis-Dreyfus's great-grandson, Gérard Louis-Dreyfus, was chairman of Louis Dreyfus Energy Services, a subsidiary of the group involved in crude-oil trading, gas investments and infrastructure. [3] It is also regarded by many as the second-largest player in the world's sugar market. That same year, she gave birth to twins at age 53. [6] Louis Dreyfus companies are present in more than 100 countries, with 72 offices. The trading house, the ‘D’ in the quartet of powerhouse agricultural merchants known as the ‘ABCDs,’ has been struggling with low profitability in recent years because of a global trade war, oversupplied markets and the fallout from African swine fever outbreaks. From Singapore To New York City, more than 26% of the world’s 2,095 billionaires live in just 10 cities spread across three continents. Russian-born Louis-Dreyfus, who owns about 96% of LDH, has been squeezing the group for cash as she makes good on a commitment to buy the shares of other family members.

Over the past five years, the equity value of the group has fallen by more than a third. By the early 20th century, the Louis-Dreyfus family was described as one of the "top five biggest fortunes of France". Léopold purchased wheat from local farmers in Alsace and transported it to Basel in Switzerland, 13 kilometres (8 mi) away. He and his brother Henri Dreyfus invented Celanese, an acetate yarn. The company proposed a further $223 million dividend this year to be paid “from the retained earnings,” according to the report.

Born and raised in Russia, Louis-Dreyfus was reportedly orphaned at age 11 when her parents died in a train crash. LDH’s annual report showed that around the same time, LDH made a $50 million loan to Akira BV, the main holding company for Louis-Dreyfus’s shares in the group.

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Dreyfus is a surname. Trump’s Special Twitter Treatment Would End With Biden Win, Bannon Suspended by Twitter; YouTube Removes His Video on Fauci, U.S. Stocks Post Biggest Weekly Gains Since April: Markets Wrap, UBS Sued for $500 Million by Chinese Tycoon Over Deal Gone Awry, More U.S. States Hit Highs; NYC Fears Second Wave: Virus Update. The coronavirus pandemic and a price war between Russia and Saudi Arabia have dealt a double blow to the fortunes of top energy billionaires. Margarita Louis-Dreyfus is the majority owner and chairwoman of agricultural commodities giant Louis-Dreyfus. With the coronavirus-induced market crash, the Great White North’s richest billionaires have seen their fortunes go downhill. In 1851, the company was founded in the Alsace region of France by Léopold Dreyfus, the 18-year-old Alsatian Ashkenazi Jewish son of a farmer from Sierentz, under the name of his father, Louis Dreyfus.

Have a confidential tip for our reporters? In 1882 he entered the École [15] According to the country's revenue and customs service, the outstanding taxes amounted to almost US$1 billion.

The William Louis-Dreyfus Family Collections is also selling a number of works that the businessman left to his family at Sotheby’s in November, including those … The spokesperson declined to say how many Luckin shares were sold. Chinese billionaire Zhong Huijuan and her husband Sun Piayoang leading the list run two of the biggest pharmaceutical companies in China.

[2], The company makes up about 10% of the world's agricultural product trade flows, and it is the world's largest cotton and rice trader. Her father's company, a shipping and commodities business called the Louis-Dreyfus Group, is … Amid a plunging stock market, retail king Radhakishan Damani rises to become India’s second richest person. To date, the Argentinian tax authorities have not replied to the Swiss NGO Public Eye’s request regarding the current state of the case. Though stocks of the world’s biggest tech companies fell in March in response to the coronavirus pandemic, founders of tech giants, starting with Jeff Bezos, still dominate the uppermost ranks of Forbes’ new billionaires list.

[9] His descendants still own the company to this day. That reduced LDH’s equity value to $3.8 billion at the end of 2019, from $4.1 billion a year earlier. Before meeting Robert on a flight in 1988, she sold computer parts. Louis Dreyfus Holding BV, the parent company of the agricultural-trading giant, saw its equity value decline again last year as it continued to pay high dividends despite losing money. Margarita Louis-Dreyfus is the majority owner and chairwoman of agricultural commodities giant Louis-Dreyfus. Another branch of the dynasty, based in Paris, was headed by Robert Louis-Dreyfus (who was also the CEO of Adidas) until his death in 2009. LDH’s annual report showed that the trading house “partially reduced” its shareholding in Luckin between January and March this year -- before the coffee company first announced an internal investigation into its accounting that sent the shares plunging. [8] Léopold developed a fortune whilst still a teenager through cross border cereal trading. Alfred Dreyfus, French army officer whose trial for treason began a 12-year controversy, known as the Dreyfus Affair, that deeply marked the political and social history of the French Third Republic.

LDH, the holding company for trader Louis Dreyfus Co. and Brazilian sugar group Biosev SA, reported a net loss of $52 million last year, according to its annual report filed with Dutch regulators.

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Louis-Dreyfus pledged her controlling stake in LDH to Credit Suisse Group AG to secure a $1 billion loan in early 2019.

Despite the worst stock market crash since the 2008 financial crisis, the 20 richest Americans are worth nearly $1 trillion combined. [1] It is one of the "ABCD" quartet of companies - alongside Archer Daniels Midland, Bunge and Cargill - that dominates world agricultural commodity trading. From WeWork’s Adam Neumann to Canada Goose chief Dani Reiss, 267 people who were billionaires a year ago did not make onto Forbes’ new list of the World’s Billionaires. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Billionaire Drop-Offs: Hundreds Fall Off The 2020 List Amid Pandemic-Induced Market Plunge, The Countries With The Most Billionaires In 2020, The Richest Billionaire In Every U.S. State 2020, The Top 10 Richest Women In The World 2020, Meet The World’s 10 Youngest Billionaires In 2020, The Top 20 Richest American Billionaires Of 2020, From Alibaba Cofounder To White Claw Creator, See Canada’s Top 10 Richest Billionaires, From Oil And Gas To Batteries, Here Are The World’s 10 Richest Energy Billionaires, These Are The 20 Richest Billionaires In Technology In 2020, Golden State Billionaires: California’s Richest Residents 2020, Mexico's Richest People 2020: After Coronavirus Tanks Fortunes, Only 12 Billionaires Remain, World’s Richest Cities: The Top 10 Cities Billionaires Call Home 2020. [14], A noteworthy case of transfer mispricing came to light in 2011 in Argentina involving the world's four largest grain traders: ADM, Bunge, Cargill and LDC.

In 2016, she sold French soccer team Olympique Marseille to former Dodgers owner Frank McCourt, but held onto a 5% stake. Among LDC’s headaches is an investment in Luckin Coffee Inc., the Chinese chain embroiled in a scandal over faked transactions. Notable people with the surname include: Alfred Dreyfus (1859–1935), French Jewish military officer and focus of the Dreyfus affair; Auguste Dreyfus (1827–1897), French guano merchant, financier; Camille Dreyfus (1878–1956), Swiss chemist. Russian-born Louis-Dreyfus, who owns about 96% of LDH, has been squeezing the group for cash as she makes good on a commitment to buy the shares of other family members. She’s been said to have struggled to do so due to her reluctance to give up control and lukewarm interest from investors. Argentina's revenue and customs service began an investigation into the four companies when prices for agricultural commodities spiked in 2008 and yet very little profit for the four companies had been reported to the office. The 10 Richest Russian Billionaires In 2020, The Richest Healthcare Billionaires Around The World 2020, The States With The Most Billionaires 2020. All Rights Reserved, Photo by Speich Frederic/ZUMA Press/Newscom. [11] A third branch of the family's business is headed by Philippe Louis-Dreyfus (born 1945) and is concerned primarily with offshore industrial activities and freight shipping operations. This page was last edited on 2 October 2020, at 21:27.

Though California may boast more billionaires than any other U.S. state, Wyoming has the highest billionaires per capita. The group’s finances are increasingly in focus as billionaire owner Margarita Louis-Dreyfus tries to sell a stake after borrowing at least $1 billion to fund a buy-out of other family members.

[4] LDC Metals expanded to become the world's third biggest trader of copper, zinc and lead concentrate, behind only Glencore and Trafigura. The company owns and manages hedge funds, ocean vessels, develops and operates telecommunications infrastructures, and it is also involved in real estate development, management and ownership. Before it's here, it's on the Bloomberg Terminal. © 2020 Forbes Media LLC.

Dreyfus was the son of a wealthy Jewish textile manufacturer. The company employs more than 22,000 people globally at peak season. In some cases, they were said to have used phantom firms to buy grain and had inflated costs in Argentina in order to reduce the recorded profits earned in the country.