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François Pinault
  • Net Worth : $30 Billion
    0.00%
    Real Time Net Worth as of 2024/06/14
  • Wealth Source : Luxury goods
  • Industry : Fashion & Retail
  • Date of Birth : 1936/08/20
  • Age : 87
  • Gender : Male
  • Citizenship : France

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François Pinault
  • Net Worth : $30 Billion
    0.00%
  • Wealth Source : Luxury goods
  • Industry : Fashion & Retail
  • Date of Birth : 1936/08/20
  • Age : 87
  • Gender : Male
  • Citizenship : France

François Pinault Net Worth 2024

Year Net Worth

Luxury brands Gucci, Saint Laurent, and Alexander McQueen are the most significant contributors to François Pinault’s net worth. He has earned a spot in the top 50 of the world’s wealthiest men, so his net worth has made many curious.

François Pinault’s net worth is $31.8 billion, built on his luxury goods business and other investments. Despite his educational status of being a high school dropout, François Pinault has gone on to create a luxury goods empire.

This French billionaire is married and has three kids, one of whom is now managing his business empire.
François Pinault’s story is motivational about making suitable investments, and this article provides more information regarding this billionaire.

Who is François Pinault?

François Pinault is the founder of Kering, a Paris-based designer of luxury goods. He was born in the northwest region of Brittany, France, in a village called Les Champs-Geraux.

François attended a high school in Rennes before dropping out at 16 in 1952 as his classmates kept mocking his rural accent.

From there, he worked in his dad’s lumber mill, where he got the experience to start his own business. In 1963, François Pinault began his lumber business in Rennes, which later grew into a company.

He expanded his focus by purchasing Printemps (a chain department store) in 1992 and the Bordeaux winery Chateau Latour in 1993.

In 1994, he bought the mail-order company La Redoute and combined it with the other two to form Pinault-Ptintemps-Redoute (PPR).

PPR later purchased a 42% stake in Gucci in 1999; in 2001, they bought an extra 20% from LVMH for $2 billion. By 2013, François Pinault changed the name of PPR to Kering before leaving the reins to his son, François-Henri.

francois pinault net worth - comparewise

What is François Pinault’s net worth?

With the knowledge of your net worth, you can get an accurate representation of your finances. Net worth also shows whether you can achieve your future financial plans based on your current finances. This knowledge will also help you curb your spending when necessary.

You calculate net worth by subtracting your liabilities from your assets. As such, a positive value indicates that you own more than you owe, while a negative shows otherwise. However, other ways of calculating net worth don’t involve maths, and our Comparewise net worth calculator is one.

François Pinault’s net worth is $31.8 billion, putting him in the bottom 50 of the world’s wealthiest men. His net worth comes from his 29% stake in PUMA, the Pinault family’s 41% stake in Kering, his art collections, and Groupe Artemis.

Conclusion

François Pinault’s net worth of $31.8 billion comes from his stakes in PUMA, Groupe Artemis, Kering, art collections, and other assets. François Pinault is an art lover, and he has built two museums in Italy, Punta della Dogana and Palazzo Grassi, for his pieces.

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FAQs about Francois Pinault net worth

Does the François Pinault family net worth come from Kering?

Yes, most of the Pinault family's net worth comes from Kering, as the family has a 41% stake in Kering.

Who is the leader of Kering?

The leader of Kering is François-Henri Pinault, the current CEO.

What is François-Henri Pinault’s net worth?

François-Henri Pinault’s net worth is $7 billion. This value is lower than François Pinault's net worth of $31.8 billion but is higher than others in the Pinault family.

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December 28, 2023
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