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French Billionaire Serge Dassault Dies At 93

French billionaire Serge Dassault, the owner of the Le Figaro newspaper and military jet maker Dassault, has died at age 93.

French entrepreneur and politician Serge Dassault has died at the age of 93, his family has said.

Dassault took the reins of the French conglomerate, the Dassault group after his father, Marcel Dassault passed away in 1986. The Dassault group is one of the largest conglomerates in France with business holdings in aeronautics and armaments. The group also owns a controlling interest in Dassault Aviation, the company that manufactures the internationally-renowned Mirage and Rafale fighter jets.

Dassault was also a politician and served in the past as a senator and a mayor of Corbeil-Essonne, in Paris’ southern suburb.

Nicholas Sarkozy was one of the first prominent French individuals to pay tribute to Dassault.

“France has lost a great industrialist, and I a friend,” the former President said.

According to reports from French media, Dassault died after suffering a heart attack at Dassault Aviation’s headquarters on Monday.

Dassault was found guilty of fraud by a Paris court last year after it was revealed that he failed to properly disclose the full extent of his wealth. He was fined $2.3 million.

At the time of his death, Dassault had a net worth of $27.3 billion according to the Bloomberg Billionaires Index.