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.
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.
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.
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.
Make your money do more.
Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.
Yes, most of the Pinault family's net worth comes from Kering, as the family has a 41% stake in Kering.
The leader of Kering is François-Henri Pinault, the current CEO.
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.