Name
François Pinault
François Pinault
Paris, France
Drop Out, High School
France
luxury goods, Self Made
$30,900,000,000
1818
#30 Billionaires 2019
François Pinault is honorary chairman of luxury group Kering, which owns fashion brands Saint Laurent, Alexander McQueen and Gucci,Pinault founded Kering, which started as a wood and building materials company, in 1963.The Pinault family pledged $113 million to the rebuilding of Notre Dame cathedral following the April 2019 fire.In 1999, Pinault changed the direction of the business towards luxury goods when he bought a controlling stake in Gucci Group. The $15.3 billion (estimated sales) company, which also owns watch brand Girard-Perregaux, is run by Pinault's son, François-Henri. Pinault and his family own a 3,000-piece art collection, with works by Picasso, Mondrian and Koons. They plan to open a museum in France in 2020.
Pinault and his family also own auction house Christie's, several vineyards, a French soccer club, a theater in Paris and a luxury yacht and expedition company. Pinault's son Francois-Henri is married to actress Salma Hayek.
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