Francois Pinault & Family Net Worth is$13 B
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FranA?ois Pinault (born 21 August 1936) is a French businessman who runs the retail company PPR. He is a friend of former French President Jacques Chirac.
Pinault's holding company Artemis S.A., owns (or owned), among others, Converse shoes, Samsonite luggage, ChA?teau Latour, the Vail Ski Resort in Colorado, and Christie's auction house. Artemis also owns Executive Life (now Aurora Life) in California, which was sued by policy holders when the company failed.
Pinault owns one of the biggest collections of contemporary art worldwide. On the magazine ArtReview's 2006 list of most powerful people in modern art, he was ranked in first place. In 2006 he obtained the ownership of Palazzo Grassi in Venice to display the collection. He has collected works by Damien Hirst.
Pinault led PPR through a long battle over control of Gucci, the Italian fashion house, which began with an attempted takeover of Gucci by LVMH, the world's largest luxury goods company. In March 1999, Gucci asked PPR to acquire an ownership interest in Gucci to help fend off LVMH. The result was a struggle between the two richest men in France, both self-made billionaires a?? Pinault and Bernard Arnault, the Chairman of LVMH.
The dispute ended in September 2001, when LVMH agreed to sell its shares in Gucci to PPR for $94 a share. As part of the agreement, PPR promised to tender for the balance of the publicly traded shares at a later date. It completed that buy-in in July 2004 and took full control of Gucci.
In 1998, Pinault purchased a majority share of Christie's auction house. In February 2000, A. Alfred Taubman, majority shareholder of rival company Sotheby's stepped down amidst a scandal after the Federal Bureau of Investigation had investigated commission-fixing between the two companies. Pinault was not implicated, but rather it was his actions which precipitated the scandal. He fired Christie's CEO Christopher Davidge over an allegation of extravagant spending. Davidge then admitte

Francois Pinault & Family Latest News

Salma Hayek Talks Aging in Hollywood: 'I Am 50 Years Old! Why Do I Have to Look Good?'

In a new interview with NET-A-PORTER.com's digital magazine, The EDIT, the 50-year-old actress opens up about aging, rocking show-stopping curves and looking good for her husband, François-Henri Pinault. "I will sometimes say, 'I am 50 years old!
Posted: August 10, 2017, 10:00 am

Damien Hirst: Treasures from the Wreck of the Unbelievable

Inevitably, the profit will not trickle down to visitors: despite the support of the multibillionaire Pinault, the standard entry price for Treasures is €18 (£16), not much less than the gargantuan Biennale itself and about the same rate as a major ...
Posted: August 12, 2017, 8:31 am

Public v private art collections: who controls our cultural heritage?

The proposed transformation of Paris’s former Commodities Exchange by Japanese architect Tadao Ando into an exhibition space for the personal collection of luxury brand billionaire François Pinault is a case in point. Employment opportunities and ...
Posted: August 14, 2017, 1:31 am

Billionaire Chelsea F.C. owner Roman Abramovich and Dasha Zhukova separate

fashion favorite and entrepreneur Zhukova — who is on the board of the Metropolitan Museum — spearheaded the $27 million Rem Koolhaas-designed Garage Museum of Contemporary Art that opened in 2015 and drew a crowd from Jeff Koons to François Pinault.
Posted: August 7, 2017, 9:00 am

Watch Salma Hayek's Adorable Daughter, Valentina, Grow Up Before Your Eyes

Mexican actress Salma Hayek and her French businessman husband, Francois-Henri Pinault, are the definition of a power couple, and their daughter, Valentina Paloma, is a gorgeous blend of them both. And because her parents are famous, Valentina, who is now ...
Posted: August 16, 2017, 7:20 am
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