François Pinault

A French businessman and an art collector, François Pinault, is an honorary chairman and major shareholder of the retail company, Kering.

Rags To Riches Story

    • 1

      In the year 1947, Francois Pinault quit high school as his schoolmates teased him for belonging to a poor family background.

    • 2

      After quitting the school, he joined his father’s small timber trading business.

    • 3

      In 1970, he started purchasing smaller firms at a fraction cost when the market crashed. In the future, same enterprises were turned into the giant enterprise by Francois.

    • 4

      Difficult times and the tactics of business gave Francois Pinault the reputation as the ‘Predator’.

    • 5

      Later he started his own high-end fashion house named Pinault Printemps Redoute (PPR) in France, which sells the luxury goods of Gucci, Stella McCartney, Alexander McQueen, and Yves Saint Laurent.

    • 6

      Francois Pinault had to go through a long battle for the control over the Gucci, the world largest luxury goods company. At last, he acquired Gucci in the year 2004.

    • 7

      Some of the successful brands Francois Pinault holds are Chateau Latour, Converse Shoes, Christie’s Auction House, Samsonite Luggage and the Vail Ski Resort.

    • 8

      After purchasing the famous brands, Francois Pinault started showing interest in contemporary art. Later he purchased the biggest art auction house, Christies.

    • 9

      In the year 2006, ArtReview’s magazine ranked Francois Pinault in the first place as the most powerful people in modern art.

    • 10

      Francois Pinault holds a net worth of $11.6 Billion and has been ranked at the 84th place in the world and ranked at 4th place in France.