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#105 Billionaire

François Pinault & family

François Pinault & family
$20.3B
$-62M (-0.3%)
FR · Age 89
Source of wealth: Luxury goods
Industry: fashion-retail
Residence: Paris, FR
{ "bio": [ "François Pinault is honorary chairman of luxury group Kering, which owns fashion brands Saint Laurent, Alexander McQueen and Gucci.", "Pinault founded Kering, which started as a wood and building materials company, in 1963.", "In 1999, Pinault changed the direction of the business toward luxury goods when he bought a controlling stake in Gucci Group.", "Today the $18.6 billion (2024 sales) company, which also owns Balenciaga and Saint Laurent, is run by Pinault's son, François-Henri.", "Pinault and his family own iconic auction house Christie's, plus a 3,000-piece art collection with works by Picasso, Mondrian and Koons.", "In 2023, they bought a majority stake in talent agency Creative Artists Agency from private-equity firm TPG." ], "about": [ "Pinault and his family also own several vineyards, a French soccer club, a theater in Paris and a luxury yacht and expedition company.", "The Pinault family gave more than $100 million to help rebuild the Notre Dame Cathedral following the 2019 fire." ] }

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