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A French businessman and an art collector, François Pinault, is an honorary chairman and major shareholder of the retail company, Kering.
In the year 1947, Francois Pinault quit high school as his schoolmates teased him for belonging to a poor family background.
After quitting the school, he joined his father’s small timber trading business.
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.
Difficult times and the tactics of business gave Francois Pinault the reputation as the ‘Predator’.
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.
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.
Some of the successful brands Francois Pinault holds are Chateau Latour, Converse Shoes, Christie’s Auction House, Samsonite Luggage and the Vail Ski Resort.
After purchasing the famous brands, Francois Pinault started showing interest in contemporary art. Later he purchased the biggest art auction house, Christies.
In the year 2006, ArtReview’s magazine ranked Francois Pinault in the first place as the most powerful people in modern art.
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.