François Pinault Net Worth

What is François Pinault Net Worth?

François Pinault Net Worth is US$ 40,400 Million as of January 2023.

Biography

François Pinault is a renowned French businessman and billionaire. He is famous for founding the luxury group Kering along with the holding company Groupe Artémis S.A. François Pinault. He is the 32^nd wealthiest person in the world. Kering is a famous multinational company that specializes in luxury goods. François Pinault is also a famous art collector. Pinault Collection is the company that holds the artistic assets of François Pinault. The Kering company was initially started as a wood & building material company. Through various businesses François Pinault has earned a significant wealth and has an estimated net worth of US$ 40,400 Mn as of 2023.

Timeline

Early Life

François Pinault was born in Brittany, France on August 21, 1936. He studied at the Saint-Martin college and dropped out of school when he was 16 years old. François Pinault’s father worked as a timber trader. After his father’s death François Pinault operated his family business. During 1962, François Pinault married Louise Gautier. After few years the couple got divorced. In 1970, François Pinault married an antique trader, Maryvonne Campbell. He started his first company Pinault SA in 1963 as a timber trading company.

Career

In 1963, François Pinault started his first company Pinault SA which was initially a timber trading company. Currently, Pinault SA is renamed as Kering which is a famous multinational company that specializes in luxury goods. The company owns various famous luxury brands including Gucci, Balenciaga, Alexander McQueen, Bottega Veneta, and Yves Saint Laurent. The company has acquired various companies and got listed on the France Securities Market Euronext in 1988. During 1992, Groupe Artémis S.A. was established as a holding company to manage the investments of Pinault family. The company owns Château Latour which is a French wine estate.

Artémis company also bought Le Point a news magazine in 1997 along with the Christie’s auction house in 1988. Artémis company also owns the Stade Rennais Football Club since 1998. François Pinault started focusing on the luxury business segment and purchased 42% stake in the Gucci Group in 1999. Later, François Pinault bought the Yves Saint Laurent company. In 2000, François Pinault purchased the Boucheron company followed by the Balenciaga company in 2001. Later he also acquired the Alexander McQueen fashion house. François Pinault handed over the management of his various companies to his son François-Henri Pinault who is currently the chairman and CEO of the Kering company in 2003.

His son François-Henri Pinault is also the president of the Groupe Artémis S.A. company. François Pinault acquired the Palazzo Grassi SpA company in 2005. Pinault SA was renamed as Kering in 2013. Artémis company also bought Ponant a luxury cruise company in 2015. François Pinault is also famous for collecting various arts and has a huge art collection. Pinault Collection is the company that holds the artistic assets of François Pinault. He has over 3000 pieces’ art collection that include arts from various famous artists including Picasso, Koons, and Mondrian.

François Pinault Net Worth Growth

François Pinault has an estimated net worth of US$ 40,400 Million. François Pinault’s net worth has increased by US$ 25,500 Million from 2015-2022. François Pinault’s net worth peaked in 2021 by reaching US$ 42,300 Million.

Highlights

• Started his first company Pinault SA in 1963
• Pinault SA got listed on the France Securities Market Euronext in 1988
• Established Groupe Artémis S.A. as a holding company to manage the investments of Pinault family in 1992
• Started focusing on the luxury business segment and purchased 42% stake in the Gucci Group in 1999
• Handed over the management of his various companies to his son François-Henri Pinault in 2003

Favorite Quotes from François Pinault

“The passion for art is, as for believers, very religious. It unites people, its message is of common humanity. Art has become my religion – others pray in church. It’s a banality, but you don’t possess art, it possesses you. It’s like falling in love.” 

– François Pinault 

“My mission is not to forbid French art. If the quality is there, I buy; if the quality isn’t there, I don’t.” 

– François Pinault

“The Italians live well. They have problems, like all countries, but they are well-dressed, the women are pretty.”

– François Pinault

Keys Life Lessons from François Pinault

We now know everything about François Pinault and his net worth. Let’s look at some of his lessons.

1. Keep on achieving success

One should not stop after achieving success and should thrive for more.

2. Passion

Passion is a good thing to have and should be nurtured.

Frequently Asked Questions

Summary

François Pinault is a renowned French businessman and billionaire. He is the founder of Pinault SA which was later named as Kering in 2013. The company was initially started as a timber trading company in 1963. Kering is a famous multinational company that specialized in luxury goods. François Pinault was born in Brittany, France on August 21, 1936. He is also famous an art collector and owns various artistic assets. François Pinault handed over the management of his various companies to his son François-Henri Pinault in 2003. He is the 32^nd wealthiest person in the world and has an estimated net worth of US$ 40,400 Million.

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