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The richest woman alive [by far] is the grand daughter of L’Oréal founder. Bloomberg puts the family’s stake all in her name. The info bit also says French inhe
by iknowicouldturn 5y ago
The richest woman alive [by far] is the grand daughter of L’Oréal founder. Bloomberg puts the family’s stake all in her name. The info bit also says French inheritance says 50% has to go to one person. So for at least a few generations, the majority of the wealth can remain consolidated.
- exporectomy 5y agoThat's a bit shocking about the French inheritance law. It must create awful family tensions when there are more than 2 children.
- valesco 5y agoIf I remember correctly the rules for minimum inheritance, it’s actually (n-1)/n of the inheritance has to be dedicated to the children, where ‘n’ is the number of children. Each child is entitled to 1/n of that. If I have 5 children, I have to give them 4/5 of the inheritance. Each one will have 1/5 of that 4/5. And in the case of a sole child, she must receive 100% of 50% of the inheritance, at least.
- deleted 5y ago[deleted]
- exporectomy 5y agoOK. That makes more sense (except (n-1)/n=0 when n=1). In New Zealand too, you're required to give some inheritance to each of your children. There isn't a formula but lawyers seem to have observed that a minimum of about 10% each is acceptable.
- narrator 5y agoIn the U.S, it is ok to completely disinherit children. It has to be done so explicitly though.