France’s Wealthiest People Gain Fortunes at Fastest Pace in World

Francois Pinault. (AFP)
Francois Pinault. (AFP)
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France’s Wealthiest People Gain Fortunes at Fastest Pace in World

Francois Pinault. (AFP)
Francois Pinault. (AFP)

The fortunes of the wealthiest names in France have seen a swift peak in the first half of the year, more than any other country in the world.

According to Bloomberg, 14 people from France on the 500-member Bloomberg Billionaires Index added a combined $78 billion to their collective net worth since December 31, a 35 percent increase.

The agency reported that this is more than the wealth growth pace in other countries, as the fortune of China's richest increased by 17 percent, and the US's 15 percent.

The best returns outside of France came mostly from Asia as Thailand's wealthiest were a close second at 33 percent, followed by Singapore's 31 percent and 24 percent for Japan.

The figures exclude countries with fewer than two billionaires in the ranking. That makes Aliko Dangote, the sole Nigerian on the list, an outlier. His wealth has surged 60 percent to $16.8 billion this year, the German news agency reported.

Luxury titans Bernard Arnault and Francois Pinault and L'Oreal's heir Francoise Bettencourt Meyers led the way for France, adding a combined $53 billion during the same period.

Bloomberg reported that the demand for luxury goods from China has proven resilient despite uncertainty caused by that country's trade dispute with the US.



Archaeologists in Virginia Unearth Colonial-era Garden with Clues about Enslaved Gardeners

Colonial Williamsburg archaeologists continue their excavation of an 18th Century ornamental garden on Wednesday, July 31, 2024, in Williamsburg, Va. (AP Photo/John C. Clark)
Colonial Williamsburg archaeologists continue their excavation of an 18th Century ornamental garden on Wednesday, July 31, 2024, in Williamsburg, Va. (AP Photo/John C. Clark)
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Archaeologists in Virginia Unearth Colonial-era Garden with Clues about Enslaved Gardeners

Colonial Williamsburg archaeologists continue their excavation of an 18th Century ornamental garden on Wednesday, July 31, 2024, in Williamsburg, Va. (AP Photo/John C. Clark)
Colonial Williamsburg archaeologists continue their excavation of an 18th Century ornamental garden on Wednesday, July 31, 2024, in Williamsburg, Va. (AP Photo/John C. Clark)

Archaeologists in Virginia are uncovering one of colonial America's most lavish displays of opulence: An ornamental garden where a wealthy politician and enslaved gardeners grew exotic plants from around the world.

Such plots of land dotted Britain’s colonies and served as status symbols for the elite. They were the 18th-century equivalent of buying a Lamborghini.

The garden in Williamsburg belonged to John Custis IV, a tobacco plantation owner who served in Virginia's colonial legislature. He is perhaps best known as the first father-in-law of Martha Washington. She married future US President George Washington after Custis’ son Daniel died.

Historians also have been intrigued by the elder Custis’ botanical adventures, which were well-documented in letters and later in books. And yet this excavation is as much about the people who cultivated the land as it is about Custis, The AP reported.

“The garden may have been Custis’ vision, but he wasn’t the one doing the work,” said Jack Gary, executive director of archaeology at Colonial Williamsburg, a living history museum that now owns the property. “Everything we see in the ground that’s related to the garden is the work of enslaved gardeners, many of whom must have been very skilled.”

Archaeologists have pulled up fence posts that were 3 feet (1 meter) thick and carved from red cedar. Gravel paths were uncovered, including a large central walkway. Stains in the soil show where plants grew in rows.

The dig also has unearthed a pierced coin that was typically worn as a good-luck charm by young African Americans. Another find is the shards of an earthenware chamber pot, which was a portable toilet, that likely was used by people who were enslaved.

Animals appear to have been intentionally buried under some fence posts. They included two chickens with their heads removed, as well as a single cow’s foot. A snake without a skull was found in a shallow hole that had likely contained a plant.

“We have to wonder if we’re seeing traditions that are non-European,” Gary said. “Are they West African traditions? We need to do more research. But it’s features like those that make us continue to try and understand the enslaved people who were in this space.”

The museum tells the story of Virginia’s colonial capital through interpreters and restored buildings on 300 acres (120 hectares), which include parts of the original city. Founded in 1926, the museum did not start telling stories about Black Americans until 1979, even though more than half of the 2,000 people who lived there were Black, the majority enslaved.

In recent years, the museum has boosted efforts to tell a more complete story, while trying to attract more Black visitors. It plans to reconstruct one of the nation’s oldest Black churches and is restoring what is believed to be the country’s oldest surviving schoolhouse for Black children.

There also are plans to recreate Custis’ Williamsburg home and garden, known then as Custis Square. Unlike some historic gardens, the restoration will be done without the benefit of surviving maps or diagrams, relying instead on what Gary described as the most detailed landscape archaeology effort in the museum's history.

The garden disappeared after Custis' death in 1749. But the dig has determined it was about two-thirds the size of a football field, while descriptions from the time reference lead statues of Greek gods and topiaries trimmed into balls and pyramids.