Name
Philippe Ginestet
Primary Residence
Pujols, France
Citizenship
France
Source Of Wealth
retail stores, Self Made
Net Worth
$2,400,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
962
Forbes List Rank One: Title
#962 Billionaires 2019
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Summary
Philippe Ginestet owns French discount chain GiFi, known for its low prices on household goods, the majority of which cost less than five euros.Ginestet founded the company in 1981 and remains chairman.GiFi boasts annual revenue of $1.6 billion and has nearly 500 stores, most of which are in France.In 2017, GiFi acquired Tati, a famous French discount chain often identified by its bright pink logo. Ginestet's son Alexandre is the CEO of GiFi.
Did you know?
The name GiFi is a patronym, combining the first syllables of Ginestet's last name and first name.Ginestet owns a chateau in France dating back to the 16th century, which he painted various colors and reopened as a hotel.
Age
65
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