What is François-Henri Pinault’s Net Worth?
François-Henri Pinault is a French businessman with a net worth of $7 billion. He is the CEO of Kering and the son of François Pinault, the founder of PPR. Kering is a luxury fashion group that owns brands such as Balenciaga, Gucci, and Yves Saint Laurent.
Pinault is also the president of Groupe Artemis, a holding company with a portfolio in various industries including fashion, wine, luxury, art, and tourism. Additionally, he is known for his marriage to actress Salma Hayek, which occurred in 2009.
François-Henri Pinault: Early Life and Education
François-Henri Pinault was born on May 28th of 1962 in Rennes, France. His father started a timber company which grew to become Pinault S.A. and was listed on the Paris Stock Exchange when François-Henry was 16 years old. In the 90s, the company moved into retail and became PPR and then Kering, while the senior Pinault also created the Artemis Group.
François-Henri attended the HEC School of Management, graduating in 1985. During college, he founded a CRM company called Soft Computing, interned at Hewlett-Packard in Paris, and worked as a software developer. After graduation, he completed his compulsory military service at the French Consulate in Los Angeles and studied fashion and technology sectors in the United States.
François-Henri Pinault’s Career
François-Henri Pinault started his career at PPR as the manager of the buying department and quickly climbed the ranks to become the head manager of Pinault Distribution. He served as CEO for companies like CFAO and Fnac before his father gave him the presidency of Groupe Artemis in 2003. He became the CEO and President of PPR, which was later renamed Kering, and oversaw the acquisition of luxury brands like Gucci, Yves Saint Laurent, and Balenciaga. Pinault also focused on sustainability and launched a women’s rights organization, which led to a drop in sales but an increase in profits. Kering sold off non-luxury companies like Puma and Volcom and appointed unexpected creative directors for Gucci and Balenciaga, which resulted in a significant increase in sales. Kering also became active in the eyewear industry, launching Kering Eyewear and acquiring Lindberg in 2021.
Pinault’s Personal Life
François-Henri Pinault was first married to Dorothee Lepere in 1996. The marriage ended in divorce by 2004, and the couple had two children together. He then dated supermodel Linda Evangelista and had another child with her in 2006. After their relationship ended, Pinault started dating actress Salma Hayek. They had a child together in 2007 and got married in 2009.
Kering’s Revenue
Kering, the luxury goods conglomerate, earned almost €10 billion in 2012 and had a profit of €1 billion. However, in 2020, the company reported a revenue of $13.1 billion, which was almost 18% lower than the previous year.
Pinault and Hayek’s Bel-Air Estate
In 2020, Pinault and Hayek moved out of their 8,000-square-foot estate in Bel-Air, which was scheduled to be demolished to make way for a new, 17,500-square-foot residence. They purchased the property in 2007 for $13.5 million from Kelsey and Camille Grammer and it sits on just under an acre of land.
Pinault reportedly owns multiple homes around the world, including in London, Paris, and across the French countryside. Hayek also owns properties in the United States, adding to the couple’s real estate portfolio.
