Table of Contents
What is François-Henri Pinault’s Net Worth?
François-Henri Pinault, a French businessman, has a net worth of $7 billion. He is currently the CEO of Kering, a luxury fashion group that owns renowned brands such as Gucci, Yves Saint Laurent, and Balenciaga. Pinault is also the President of Groupe Artemis, a holding company with a diverse portfolio in fashion, wine, luxury, art, and tourism.
Highlights
- Net Worth: $7 billion
- Birthdate: May 28, 1962
- Birthplace: Rennes, France
- Gender: Male
- Height: N/A
- Profession: CEO of Kering, President of Groupe Artemis
- Nationality: French
Early Life
François-Henri Pinault was born on May 28, 1962, in Rennes, France. His father, François Pinault, started a timber company when François-Henri was just one year old. The company, Pinault S.A., eventually grew into Pinault’s luxury fashion group Kering. François-Henri studied at the HEC School of Management, graduating in 1985. During his college years, he founded a CRM company called Soft Computing and gained work experience at Hewlett-Packard in Paris. After completing his compulsory military service, he further studied the fashion and technology sectors in the United States.
Career
François-Henri Pinault began his career at PPR, his father’s company, and quickly climbed the corporate ladder. He held various managerial positions and became CEO of companies like CFAO and Fnac during the 1990s. In 2003, he was appointed President of Groupe Artemis by his father. His most significant step forward came when he was named CEO and President of PPR, which he later transformed into Kering. Under his leadership, Kering acquired renowned luxury brands and expanded its international presence.
Pinault also focused on sustainability and launched initiatives supporting women’s rights. During his tenure, Kering experienced both sales drops and profit growth. Pinault oversaw the company’s divestment from ventures unrelated to luxury, ensuring a sharper focus on the luxury market.
Personal Life
In 1996, François-Henri Pinault married Dorothee Lepere. They had two children together before divorcing in 2004. He then had a child with supermodel Linda Evangelista in 2006. Pinault is currently married to actress Salma Hayek, whom he wed in 2009. They have a child together.
Net Worth Over Time
François-Henri Pinault’s net worth has grown significantly over the years. In 2021, his net worth is estimated to be $7 billion. As the CEO of Kering and President of Groupe Artemis, his leadership has driven the growth of these companies and contributed to his wealth accumulation.
Components of Net Worth
There are several components that contribute to François-Henri Pinault’s net worth:
- Ownership of Kering: As the CEO of Kering, Pinault holds a significant ownership stake in the company. Kering owns luxury brands like Gucci, Yves Saint Laurent, and Balenciaga, which contribute to its overall value.
- Ownership of Groupe Artemis: Pinault is the President of Groupe Artemis, a holding company with a diverse portfolio. His ownership stake in Groupe Artemis adds to his net worth.
- Real Estate and Other Investments: François-Henri Pinault reportedly owns multiple homes in locations such as London, Paris, and the French countryside. These real estate assets contribute to his overall net worth. Additionally, he may have other investments in various industries.
Overall, François-Henri Pinault has amassed a significant net worth through his leadership roles in the luxury fashion industry and his investments in diverse sectors.