Net Worth: $21 Billion
- Source of Wealth Retail
- Birth Place Côtes-d'Armor, France
- Marital Status Married
- Full Name Francois Pinault
- Nationality France
- Date of Birth August 21, 1936
- Ethnicity French
- Occupation Businessman
- Education High School Dropout
- Children 3
About Francois Pinault
French businessman Francois Pinault has an estimated net worth of $21 billion as of May 2017, according to Bloomberg. A high school dropout, Pinault currently runs the retail company Kering.
Francois Pinault is the owner of the holding company which holds investments in many world renowned companies like Samsonite luggage, Colorado-based Vail Ski Resort, Château Latour, Christie’s auction house and Converse shoes. He is also the owner of the world’s largest collection of contemporary arts.
Francois Pinault is currently married with three children. One of his sons, Francois-Henri, helps in managing the company which was founded by his father. He actually runs the Groupe Artemis which is a holding company for the family’s investments in wine, art and insurance.
He was previously involved in a long battle against LVMH over the control of Gucci. LVMH is considered as the largest luxury goods company in the world. It was in March 1999 when Gucci asked the PPR to obtain the ownership interest in Gucci in order to fend off LVMH which was managed by billionaire Bernard Arnault. This led to the long struggle between France’s two wealthiest men, Bernard Arnault and Francois Pinault.