French businessman and art collector François Pinault has an estimated net worth of $14 billion as of 2015, according to Forbes. This rose to $26.3 billion as of October 2018. He is majority shareholder and honorary chairman of Kering, a French luxury goods company he founded in 1963.
François was born on 21 August 1936 in Les Champs-Géraux, Côtes d’Armor, Brittany, France, into a family of timber traders. He is a high school dropout.
His company Kering, which he founded in 1963, is the French luxury goods holding company owner of Gucci, Alexander McQueen, Puma, Balenciaga, Volcom, Brioni and other luxury, sport and lifestyle brands distributed in 120 nations. Pinault is also the owner of Christies, which sells billions of dollars worth of art at auctions.
François Pinault is the owner of one of the largest collections of contemporary art worldwide. His personal art collection encompasses more than 2,000 works by likes of Picasso, Jeff Koons and Mondrian. He obtained the ownership of Palazzo Grassi in Venice to display the collection. His name was right at the top on the magazine ArtReview’s 2006 list of most powerful people in modern art.
Pinault is married and has three children. His son Francois-Henri has been running Kering since 2005. He is married to actress Salma Hayek; and also pays child support to supermodel Linda Evangelista.