What is Michel Leclercq and Family's Net Worth?
Michel Leclercq is a French billionaire who has a net worth of $3.2 billion, a fortune that he shares with his family. Mr. Leclerrcq joined the billionaires' ranks this year thanks to the last year's strong performance of one of the world's largest retailers today. It was back in 1976 the he established his business as a small sporting goods store called Decathlon.
Since 2008, the company bears the name Oxylane and to date has earned a place among the world's largest athletic retailers, with more than 700 outlets and 55,000 employees. In 2012, Oxylane generated revenue of $9.6 billion, half of which came from outside France (the company operates 76 stores in China alone). Leclercq and his immediate family hold around 40% of the business, whereas another 40% are in the hands of his extended family.
