The well-known French millionaire François Pinault. In addition, François Pinault founded the investment company Artémis as well as the luxury giant Kering.
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What is the Net Worth of François Pinault? Salary, Earnings
François Pinault, a retired businessman, has accumulated a considerable fortune throughout his career. He currently has a net worth of $50.3 billion US dollars as of February 2023, according to some online sources. He built up this money through his business ventures.
Where was François Pinault? Ethnicity, Nationality, Family, Education
The date of François Pinault’s birth is August 21, 1936. He was born in Les Champs-Géraux, Côtes d’Armor, Brittany, and is a citizen of France. He also professes to be a Christian. Also, he was born under the sign of Leo.
Returning to his family, he was raised in a French home. In actuality, his father was a lumber trader. Growing up in rural France, Pinault started his career working for his family’s logging business.
At age 16, he left the College Saint-Martin in Rennes after upper-class students made fun of his country speech and humble upbringing. He also enlisted in the military in 1956, during the Algerian War. Then, having sold the family business upon his father’s passing, he went back to it.
Quick Facts
| Full Name: | François Pinault |
|---|---|
| Born Date: | August 21, 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 | USD 50.3 billion |
| 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 |
Is François Pinault Married? Relationship
François Pinault wed Louise Gautier in 1962. François-Henri Pinault, Laurence Pinault, and Dominique Pinault were their three children. They separated in the same manner in 1967. In 1970, he wed Maryvonne Campbell, an antique dealer who had first exposed him to the world of fine art. He bought his first pieces of art this year.
How tall is François Pinault? Weight, Hair Color
The businessman’s physique measurements indicate that he is of average height and weight. He has a few white hairs on his head and a pair of bright brown eyes. Her height, weight, chest-waist-hip dimensions, and other physical attributes have not been mentioned by him.
How did François Pinault start his Professional Career?
With the aid of family members and a loan from Crédit Lyonnais, Pinault established his first company, a wood-trading enterprise, in 1963. The firm grew at a quick rate. For instance, his business saved Chapelle Darblay from bankruptcy when it was on the verge of going down.
Pinault SA went public on the Paris Stock Exchange on October 25, 1988. Pinault started to diversify his holdings by acquiring retail companies.
He acquired a controlling interest in the following companies: Conforama (a furniture retailer), Printemps (a department store), La Redoute (a mail-order company), and Fnac (a food retailer) (books and electronics retailer). In 1993, his business changed its name to Pinault-Printemps-Redoute. (PPR).
By the turn of the century, Pinault had shifted the emphasis of his business to the luxury sector. Pinault-Printemps-Redoute paid $3 billion in March 1999 to acquire both a controlling 42 percent stake in the Gucci Group as well as the Yves Saint Laurent company.
After that, in 2000, he acquired the French jewelry company Boucheron. In addition, he bought the British design company Alexander McQueen in 2002 after buying Balenciaga in 2001.
The industrialist gave his son, François-Henri Pinault, ownership of his firms in May 2003. The luxury industry was further consolidated by François-Henri Pinault, Chairman of PPR, by purchasing additional brands (Brioni, Girard-Perregaux, Pomellato, etc.). In 2013, PPR changed its name to Kering. Sales for the group came to 13.66 billion euros in 2018, a 26.3 percent increase from the previous year.
To oversee the family’s investments, Pinault formed the holding company Artémis in 1992. Artémis Domaine, a wholly owned subsidiary of Pinault and his family, holds Château Latour (Bordeaux), Clos de Tart (Bourgogne), Domaine d’Eugénie (Vosne-Romanée), Château Grillet (Rhône Valley), and Eisele Vineyard (Napa Valley).
In 1997, Artémis bought the news publication Le Point. 1998, the auction house Christie’s. In 2015, the luxury cruise line Ponant. Since 1998, Pinault has served as the football team’s owner.
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