Emmanuel Macron has been a president for the rich, but his faltering support has also left big business unsure if it can rely on his party. For many French capitalists, the answer is to build up ties with Marine Le Pen’s far-right Rassemblement National.

Review of Collaborations: Enquête sur l’extrême droite et les milieux d’affaires by Laurent Mauduit (La Découverte, 2025)

In 2024, the blue-chip companies on France’s CAC 40 stock index issued a record-breaking €98.2 billion in dividends. Thanks to rising real estate valuations, France ranks third in the total number of dollar-millionaires, after the United States and China. Depending on the ticker price for luxury groups like LVMH or Hermès, the country can also claim to lead Europe in terms of aggregate billionaire wealth.

All this in

See Full Page