Robert Kraft Says He’ll Never Sell the New England Patriots, Worth an Estimated $6.7 Billionon Wednesday. That sum is thanks in part to Birkenstock’s debut on the New York Stock Exchange, even though shares fell 13 percent, making the company’s IPO the worst opening for a New York listing of $1 billion or more in the past couple of years.Inside F.P.
With that sale, Alex and Christian made some $3.2 billion, Bloomberg wrote. While Alex is no longer listed as a shareholder, Christian has made a more than 100 percent return on his minority stake. Over the years, Alex has poured at least some of his wealth into luxury real estate: In 2011, he bought a six-bedroom Manhattan penthouse that can now be rented for $25,000 a month.
While he and Christian stand to benefit to the tune of millions of dollars from the Birkenstock IPO, they’re not the only ones who will reap the rewards. L Catterton is owned in part by, the second-richest person in the world, with a net worth of $169 billion. Arnault’s son Alexandre is planning to join the Birkenstock board.
It seems a little unlikely that we’ll see the Arnaults sporting Birkenstocks anytime soon, but it seems the rest of the world is more than enamored by the footwear.Inside F.P. Journe’s New State of the Art Case and Dial Facilities in GenevaSep. 28–Oct. 1: Indulge in incredible meals, expertly paired wines, and a luxury getaway in Jackson Hole this fall.
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