François Pinault & family net worth
Current Net Worth – $32.8 Billion (USD – 3,280 Crores), (Rupees – 2.54 Lakhs Crores)
François Pinault short biography
| Net Worth | $32.8 Billion |
|---|---|
| Born | August 21, 1936 (Age 85) |
| Identified as | Founder of Kering and Groupe Artemis |
| Status | French Businessman |
| Education | Drop Out, High School |
| Nationality | France |
| Residence | Paris, France |
| Spousal status | Married [(Louise Gautier – m. 1962; div. 1967) (Maryvonne Campbell—m. 1970)] |
| Children | 3 |
François Pinault has a net worth of $32.8 Billion (Rupees – 2,54,185 crores), making him one of the richest men in the world, after Mackenzie Scott, Michael Bloomberg, and Phil knight.
He is the honorary chairman of Kering, the luxury conglomerate that includes the fashion houses Saint Laurent, Gucci, and Alexander McQueen.
Pinault is a notable collector of modern art.
In 2003, he handed over the reins of his businesses to his eldest son, François-Henri, so that he may pursue his passion for modern art.
Pinault and his family control the prestigious Christie’s auction business.
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François Pinault biography
| Full Name | François Pinault |
| Birthplace | Rennes, Ille-et-Vilaine, France |
| Height | 5.8 feet, 176 cm |
| Weight | 72 Kg |
| Father | François Pinault |
| Mother | Louise Gautier |
François Pinault was born on August 21, 1936, in Les Champs-Géraux, a commune in Brittany’s northwestern region.
Pinault was raised in the countryside of France, where he began his career working for his family’s lumber company.
His father worked as a lumber merchant.
During the Algerian conflict in 1956, Pinault enrolled in the military.
He returned to the family company, which he had sold when his father died.
Education
At the age of 16, he left out of the College Saint-Martin in Rennes, where upper-class students ridiculed him for his peasant background.
Career
In the early 1960s, Pinault began his career in the forestry sector.
In 1963, Pinault created Kering, which began as a wood and construction products business with the support of family and a bank loan from Crédit Lyonnais.
The company changed its name to PPR after becoming public in 1988. PPR’s focus switched to luxury and fashion towards the end of 1999.
Pinault-Printemps-Redoute bought the Yves Saint Laurent firm and a controlling 42 percent interest in the Gucci Group for $3 billion in March 1999.
When Pinault purchased a majority share in Gucci Group in 1999, he shifted the company’s focus to luxury products.
Pinault then bought Boucheron, a French jewelry firm, in 2000, Balenciaga in 2001, and Alexander McQueen, a British design house, in 2002.
Pinault passed over control of his businesses to his son, François-Henri, in May 2003.
PPR changed its name to Kering in 2013.
In 2021, the Pinault Collection museum will open in Paris’ Bourse de Commerce building, which dates from the 18th century.
According to Forbes, Pinault’s net worth was projected to be $43.4 billion as of January 31, 2021.
The family also handles a 3,000-piece art collection that includes works by Picasso, Mondrian, and Koons.
Private and early life
François Pinault married Louise Gautier in 1962.
François-Henri, Dominique, and Laurence Pinault were their three children.
Pinault married Maryvonne Campbell, an antique merchant in Rennes who introduced him to the world of art, in 1970 after the pair separated five years earlier.
Philanthropy
- Following a fire in the Paimpont woodland in Brittany in 1990, Pinault funded the restoration effort right away.
- Pinault contributed significantly to the restoration of Victor Hugo’s mansion, the Hauteville House, in Guernsey, in 2018.
- Following the fire at Notre Dame de Paris on April 15, 2019, the Pinault family promised a gift of 100 million euros for the cathedral’s rebuilding.
Awards
| Year | Award |
|---|---|
| 1958 | Military Value Cross |
| 2006 | Breton of the Year by Armor Magazine |
| 2006 | Most influential personality in the art world by Art Review magazine |
| 2011 | Grand officier de la Légion d’honneur |
| 2016 | Grand Officer of the Ordine della Stella d’Italia |
| 2017 | Grand Croix de la Légion d’honneur |
Net worth statistics
- March 2012 – $13.0 B
- March 2013 – $15.0 B
- March 2014 – $15.5 B
- March 2015 – $14.9 B
- March 2016 – $11.5 B
- March 2017 – $15.7 B
- March 2018 – $27.0 B
- March 2019 – $29.7 B
- April 2020 – $27.0 B
- April 2021 – $42.3 B
- April 2022 – $40.4 B
