Here we talk about the net worth of François-Henri Pinault. In this article, we are telling about net worth & salary. We are also telling you about their early life, personal life & so many things. In today’s piece, we’ve discussed every aspect of François-Henri Pinault’s career. Please continue scrolling down!
Contents
François-Henri Pinault Net Worth
François-Henri Pinault is a French businessman with a $7 billion net worth. He is currently the CEO of Kering, a position he has held since 2005.
François-Henri Pinault is the son of François Pinault, the man who founded PPR. PPR was later merged with the luxury fashion conglomerate Kering, which François-Henri currently oversees.
Kering owns numerous brands, including Balenciaga, Gucci, and Yves Saint Laurent. In addition to his role as CEO of Kering, the younger Pinault is the president of Groupe Artemis, a holding firm with interests in fashion, wine, luxury, art, tourism, and other fields. Pinault is also well-known for his marriage to Salma Hayek, whom he married in 2009.
François-Henri Pinault Career
When the younger Pinault was ready to start working, he found a position at PPR. He was swiftly promoted to manager of the purchasing department, which led to more advancements over the years.
He was the head of Pinault Distribution by 1990. Pinault was CEO of organizations such as CFAO and Fnac during the mid-to-late 1990s. His father appointed him to the presidency of Groupe Artemis in 2003.
This was followed by the François-appointment Henri as CEO and President of PPR. As the company’s new CEO, Pinault supervised its transformation into a worldwide fashion behemoth and renamed it Kering.
Gucci, Yves Saint Laurent, Boucheron, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Girard-Perregaux, JeanRichard, Qeelin, Pomellato, Dodo, and Ulysse Nardin were among the labels acquired. please read also Richard Branson Net Worth
During this time, Pinault also prioritized sustainability and founded a women’s rights organization. PPR’s sales fell by more than half but its profits increased by 40%. Revenues increased by 27% to 15.5 billion euros in 2018.
By 2018, Pinault had overseen the entire abandoning of all non-luxury commercial activities, selling off brands such as Puma and Volcom.
Under Pinault’s leadership, Kering pursued some unusual strategies. He hired an accessories designer as Gucci’s new creative director, causing the traditional label’s sales to quadruple in the next five years.
In an equally surprising move, he selected Georgian-born designer Demna Gvasalia as the new creative director of Balenciaga. Please read also Harrison Ford Divorce
Under François-leadership, Henry’s Kering has also been highly engaged in the eyeglasses sector. Kering Eyewear was introduced in 2014. This company collaborated with Richemont in 2017 to make eyewear for Cartier, Alaia, and Montblanc.
This eventually led to the establishment of a 15,000-square-metre logistics centre in Italy capable of producing 5 million sunglasses every year. Kering purchased a 100% share in the Danish premium eyewear business Lindberg in 2021.
Real Estate
Pinault and Hayek were said to have moved out of their Bel-Air mansion in 2020. This was supposedly due to the fact that the house was slated to be demolished based on plans submitted to the local authorities.
According to the narrative, they felt the current 8,000-square-foot property was too small, so they submitted plans to demolish it and replace it with a new 17,500-square-foot home.
One can only presume that the plans were approved, prompting the couple to relocate in anticipation for the upcoming demolition.
Salma and François first purchased this house in 2007, paying Kelsey and Camille Grammer $13.5 million. The house is situated on slightly about an acre of ground.
Pinault appears to have a staggering number of houses distributed over the world, as one would expect of a millionaire.
These residences are said to be located in London, Paris, and throughout the French countryside. Hayek, of course, owns her own houses in the United States, which contributes to the couple’s real estate holdings.
Conclusion
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