No, the wealthy French of Louis XIV, or the wealthy British, did not have much to do with industrialization, other than financing some of the efforts.
Industrialization thrived, when the price of items normally considered luxuries, was lowered to the point where a large number of people could afford them. Less per item profit, but far more sales. It was the millions of potential customers: average people, and the prospect of doing what automated manufacturing does best: produce quantity at a lower price, that was the motivating force behind industrialization. Industrialization actually worked against the exclusivity of luxury items, by lowering the price to the point where they were no longer exclusive or extravagant.
Example: The elaborate woven textile patterns of the 1700's were limited to a wealthy few, because such clothing was hand weaved by skilled weavers. One missed stitch could ruin months of work. The material needed for a single evening gown could take up to a year for a hand weaver to produce.
The coming of the Jacquard loom, which automated those patterns with punch cards, cut the price of elaborate textile patterns dramatically. The woven silk material to produce that evening gown could now be produced in a couple of days, by a far less skilled person. Consequently, the price dropped to a point where the less than noble could now afford them. And... sadly for the wealthy, such elaborate clothing was no longer so exclusive.
Industrialism wasn't propelled by the wealthy. It was motivated by the desire to provide the luxuries of the wealthy, at a price the far more numerous working people could afford, so that the industrialists could have a larger market and... more profit.
In a curious reversal, it was the Dissenters in the UK who left London and moved north to escape the discrimination of the British upper crust that were to form the nucleus of the Industrial Revolution. Within a century, these outcasts became the British upper crust. Not by birthright or inheritance, but by the vast sums of money they made.