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François Pinault
French billionaire businessman (born 1936)
François Pinault (born 21 August 1936) is a French billionaire businessman, founder of the luxury group Kering and the investment holding companyArtémis.
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Pinault started his business in the timber industry in the early 1960s. Taken public in 1988, his company invested in specialty store chains and changed its name to Pinault-Printemps-Redoute (PPR). By the end of 1999, PPR shifted towards luxury and fashion.
In 2003, he passed on the management of his companies to his elder son François-Henri to follow his passion for contemporary art.
In 2024, Forbes estimated Pinault's net worth at $31.6 billion, ranking him as the 54th-richest person in the world.[1]
Early life
François Pinault was born on 21 August 1936 in Les Champs-Géraux, a commune in the north of Brittany in the west of France.
His father was a timber trader.[2]
Pinault grew up in the rural French countryside, beginning his caree