François Pinault- Biography
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François Pinault is a well-known French business magnate. Pinault is also the founder of the luxury company Kering and the investment firm Artémis.
What is the Net Worth of François Pinault? Salary, Earnings
François Pinault has earned a large wealth throughout the course of his career. According to various web sources, he currently has a net worth of $50.3 billion US dollars. He amassed these riches through his business ventures.
François Pinault- Birth, Age, Ethnicity, Siblings, Education
On August 21, 1936, François Pinault was born. He was born in Les Champs-Géraux, Côtes d’Armor, Brittany, and is a French national. Similarly, he is a Christian. He was likewise born under the Leo zodiac sign.
Returning to his family, he was born into a French family. In truth, his father was a lumber trader. Pinault began his career in the French countryside, where he grew up, working for his family’s lumber industry. At the age of 16, he left out of the College Saint-Martin in Rennes, where upper-class students teased him for his rustic speech and peasant origins. During the Algerian crisis in 1956, he enlisted in the military. He then returned to the family firm, which he had sold following the death of his father.
Quick Facts
| Full Name: | François Pinault |
|---|---|
| Born Date: | 21 Aug 1936 |
| Age: | 85 years |
| Horoscope: | Leo |
| Lucky Number: | 3 |
| Lucky Stone: | Ruby |
| Lucky Color: | Gold |
| Best Match for Marriage: | Sagittarius, Gemini, Aries |
| Gender: | Male |
| Profession: | Businessman |
| Country: | France |
| Marital Status: | married |
| Wife | Maryvonne Campbell |
| Divorce | Louise Gautier |
| Net Worth | $50.3 billion USD |
| Eye Color | light brown |
| Hair Color | white |
| Birth Place | Les Champs-Géraux, Côtes d’Armor, Brittany |
| Nationality | French |
| Religion | Christian |
| Education | College Saint-Martin |
| Kids | (Three) François-Henri, Dominique, and Laurence Pinault |
François Pinault- Relationship, Married Life
François Pinault married Louise Gautier in 1962. François-Henri Pinault, Laurence Pinault, and Dominique Pinault were their three children. They divorced in the same manner in 1967. In 1970, he married Maryvonne Campbell, an antique dealer who introduced him to the world of art. This was the year he purchased his first works of art.
François Pinault- Professional Career
With the support of family and a Crédit Lyonnais bank loan, Pinault launched his first firm, a wood-trading enterprise, in 1963. The company expanded quickly. Chapelle Darblay, for example, was brought back from the brink of bankruptcy by his company.
Pinault SA went public on the Paris stock market on October 25, 1988. Pinault began to diversify his holdings by adding retail enterprises to his portfolio. He purchased a controlling interest in CFAO (African specialist distribution), Conforama (furniture retailer), Printemps (department store), La Redoute (mail order), and Fnac (food retailer) (books and electronics retailer). In 1993, his company was renamed Pinault-Printemps-Redoute. (PPR).
By the turn of the century, Pinault had shifted his company’s focus to the luxury business. Pinault-Printemps-Redoute paid $3 billion for the Yves Saint Laurent company as well as a controlling 42 percent stake in the Gucci Group in March 1999. Following that, in 2000, he purchased Boucheron, a French jewelry company. In addition, he purchased Balenciaga in 2001 and Alexander McQueen, a British design company, in 2002.
The billionaire transferred control of his firms to his son, François-Henri Pinault, in May 2003. PPR Chairman François-Henri Pinault moved to consolidate the luxury company by acquiring new brands (Brioni, Girard-Perregaux, Pomellato, etc.). In 2013, PPR renamed itself Kering. In 2018, the group’s sales totaled 13.66 billion euros, a 26.3 percent increase over the previous year.
Pinault established the holding firm Artémis in 1992 to oversee the family’s investments. Artémis Domaine, a wholly owned subsidiary of Pinault and his family, owns Château Latour (Bordeaux), Clos de Tart (Bourgogne), Domaine d’Eugénie (Vosne-Romanée), Château Grillet (Rhône Valley), and Eisele Vineyard (Napa Valley). Artémis bought the news magazine Le Point in 1997, Christie’s in 1998, and Ponant, a luxury cruise line, in 2015. Since 1998, Pinault has been the owner of the Rennes football club.
Body Measurements: Height, Weight, Hair color
According to his bodily measurements, the businessman is of average height and weight. He has bright brown eyes and a few white hairs on the top of his head. He has not disclosed any information about her physical traits, such as height, weight, chest-waist-hip size, and so on.
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