François Pinault is a French billionaire businessman, founder of the luxury group Kering and the investment company Artemins. Pinault started his business in the timber industry in the early 1960s. Taken public in 1988, the company invested in specialized retail business and changed its name to PPR.
Francois Pinault Bio
François-Henri Pinault was born on May 28, 1962, in Rennes, France, to François Pinault and Louise Gautier. François-Henri Pinault is a French entrepreneur and the chairman and CEO of French luxury goods holding company ‘Kering’ (erstwhile PPR). He is also the owner and president of a French holding company called ‘Groupe Artémis.’
Son of business tycoon and art collector François Pinault, who founded ‘PPR,’ François-Henri got into the business as a student of ‘HEC School of Management.’
He, along with fellow students of ‘HEC,’ co-founded the CRM company, ‘Soft Computing.’ Joining ‘PPR’ in 1987, he gradually went up the ladder over the years while playing an instrumental role in the company’s divestiture of the retail industry and making it one of the top-notch global players in the luxury goods industry.
PPR,’ which was renamed as ‘Kering’ in 2013, owns several brands like ‘Yves Saint Laurent SAS,’ ‘Alexander McQueen,’ ‘Puma,’ ‘Gucci,’ and ‘Volcom’ among other brands that are spread across 120 countries.
He served as the CEO of ‘Fnac’ and president of ‘CFAO’ and is the chairman and board member of ‘Kering Foundation.’ He has four children, including a daughter from his current wife, famous film actress, Salma Hayek.
Francois Pinault Wife
Pinault is the son of François Pinault, the founder of PPR. He has been married to Salma Hayek since 2009, and they have a daughter together.One of the wealthiest men in the world is the French businessman Francois Pinault.
He actually holds the 23rd spot on the Bloomberg Billionaires Index. He serves as CEO of PPR, a division of French fashion behemoth Kering. Le Point magazine and the TF-1 television network are two of the many businesses that the Pinault family owns.
The 13-year-old daughter of Hayek and Pinault is named Valentina Paloma. When Hayek revealed she was expecting in 2007, the couple showered her with gifts and vacations.In a podcast interview, Hayek called Pinault “magic” and said that he fostered her development.
The actress has let her and the actor’s long-term union to speak for itself. Even the claim that she married Pinault for his enormous wealth has been debunked. Hayek asserted that there are prejudices against wealthy men, which she has refuted. She nonetheless thinks that Pinault’s freedom to follow her aspirations has improved her and made her a “better person.”
Francois Pinault Net Worth
His estimated net worth is $39.9 billion. He is, after all, one of the richest businesspeople in the world. François is the creator of the investing company Artémis as well as the luxury conglomerate Kering. One of the richest persons in the world, according to estimates, his net worth exceeds $2.5 billion.
It’s challenging to determine how much he actually has to spare for his investments, though.The family firm began tiny, but it has since expanded to become a vast global empire.
In 2021, the ancient Bourse de Commerce building in Paris, which dates back to the 18th century, will become home to the Pinault Collection museum.
It has an internationally acclaimed collection of modern art, which includes pieces by Damien Hirst, Takashi Murakami, and Urs Fischer. Pinault is thought to have a net worth of $29 billion.
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