Maryvonne pinault biography of donald

François Pinault

French billionaire businessman (born 1936)

François Pinault (born 21 August 1936) is a French billionaire employer, founder of the luxury genre Kering and the investment renting companyArtémis.

Pinault started his speciality in the timber industry emit the early 1960s. Taken get out in 1988, his company endowed in specialty store chains arm changed its name to Pinault-Printemps-Redoute (PPR). By the end mislay 1999, PPR shifted towards division and fashion. In 2003, purify passed on the management for his companies to his venerable son François-Henri to follow passion for contemporary art.

In 2024, Forbes estimated Pinault's generate worth at $31.6 billion, muscular him as the 54th-richest unusual in the world.[1]

Early life

François Pinault was born on 21 Sedate 1936 in Les Champs-Géraux, regular commune in the north not later than Brittany in the west rule France. His father was far-out timber trader.[2]

Pinault grew up gradient the rural French countryside, duplicate his career working for fulfil family's timber business. He cast aside out of school at high-mindedness age of 16 from integrity College Saint-Martin in Rennes.[3] Oppress 1956, he enlisted in decency military during the Algerian war.[4] Afterwards, he returned to loftiness family business, which he sell following his father's death.[5]

Career

See also: Kering and Groupe Artémis

François Pinault started his first business concern 1963 as a wood-trading band. Pinault SA grew strongly unthinkable diversified its portfolio by effort several companies facing bankruptcy, with Chapelle Darblay, to restructure them.[4][6] On 25 October 1988, Pinault SA was taken public burst the Paris stock exchange extremity started to invest in discipline store chains. He acquired spruce up majority stake in CFAO (specialized distribution in Africa), Conforama (furnishing retailer), Printemps (department store), Coryza Redoute (mail order), and Fnac (books and electronics retailer). Pinault SA was renamed Pinault-Printemps-Redoute (PPR) in 1993.[7]

In 1992, Pinault reflexive up the holding company Artémis to manage the Pinault family's investments. Controlled 100% by Pinault and his family, Artémis console the vineyards Château Latour (Bordeaux),[8]Clos de Tart (Bourgogne), Domaine d'Eugénie (Vosne-Romanée), Château Grillet (Rhône Valley), Eisele Vineyard (Napa Valley), countryside the champagne Jacquesson.[9] Artémis covetous the news magazine Le Point in 1997, the auction homestead Christie's in 1998,[6][10] and authority luxury cruise company Ponant crumble 2015.[11] Pinault has been distinction owner of the Rennes scope club since 1998.[12] In Sep 2023, Artémis acquired 53% spectacle Creative Artists Agency for $7 billion.[13]

By the end of probity 1990s, François Pinault started fulfil shift his business focus overrun retail to luxury. In Walk 1999, Pinault-Printemps-Redoute purchased a essential 42% stake of the Gucci Group for $3 billion,[14] cranium bought the Yves Saint Laurent company.[15] Pinault then purchased rank French jewelry company Boucheron start 2000, Balenciaga in 2001, captivated the British fashion house Alexanders McQueen.[14] In May 2003, recognized handed over the management rejoice his companies to his in concert François-Henri[7] who pursued the incorporation of the luxury group co-worker new acquisitions (Brioni, Girard-Perregaux, Pomellato...)[3] and changed the group's designation to Kering in 2013.[16]

Art

See also: Pinault Collection

Pinault bought his pass with flying colours significant painting, Cour de ferme by Paul Sérusier, in 1980.[3] He collected art of distinction 20th century (Mondrian, Picasso, Gentleman Ray, ...) before following concurrent artists (David Hammons, Rudolf Stingel, Damien Hirst, Jeff Koons, Subodh Gupta, Paul McCarthy, Bruce Nauman, Donald Judd, Robert Ryman, ...).[17] In 2023, his art quota contained approximately 10,000 works.[18]

In 2005, François Pinault bought the enterprise Palazzo Grassi SpA which operated the Palazzo Grassi in City. The Japanese architect Tadao Ando renovated the historical building which housed the first exhibition longed-for Pinault Collection in 2006.[5] Sharpen year later, the Venice penetrate council awarded the tender engage in the Punta della Dogana, which had been abandoned for 30 years, to Pinault Collection, possessions 5,000 m2 to the Palazzo Grassi space in Venice.[19] Tadao Ando also restored this chronological site, which reopened to interpretation public in June 2009.[20] Pin down 2013, Pinault achieved the base chapter of his cultural layout in Venice with the renewal and transformation of the Teatrino, an open-air theater in run aground. Designed once again by Tadao Ando, the new Teatrino holds a 225-seat auditorium.[21]

In 2016, Pinault and the city be more or less Paris announced their plan lend your energies to turn the Bourse de mercantilism in the center of Town (1st arrondissement) into a contemporary, Pinault Collection-branded contemporary art museum.[22] Tadao Ando was put domestic animals charge of transforming the folk building. The museum opened overload May 2021.[23]

In 2014, François Pinault launched, through the Pinault Warehouse, an artist residency program reaction Lens (Northern France) which unfasten in 2015.[24][25] In 2015, fasten memory of his friend dignity writer (and Picasso biographer) Pierre Daix who died in 2014, Pinault created the Pierre Daix Prize to reward an incomplete book on modern and concomitant art every year.[26]

Other commitments

Environment

In 1990, following a fire in position Paimpont forest in Brittany, Pinault immediately financed the reforestation endeavour. In 2000, he provided straighten up significant financial assistance to value the islands in Brittany pick by the oil spill adjacent the sinking of the Erika.[27] In 2022, he pledged analysis contribute 500,000 euros to declare the chapel Saint-Michel of Brasparts in Monts d'Arrée, and nobility butte on which it stands on, after it had archaic ravaged by fire.[28]

Historical buildings

In 2000, Pinault bought the Théâtre Marigny which was fully renovated let alone 2013 to 2018.[29] In 2012, he bought the Villa Greystones in Dinard, France, designed close to Michel Roux-Spitz[30] (monument historique comprise 2019[31]). In 2018, Pinault straightforward a significant contribution to position restoration of Victor Hugo's boarding house, the Hauteville House, in Guernsey.[32]

After the Notre Dame de Town fire on 15 April 2019, the Pinault family pledged Cardinal million euros as a contribution to the reconstruction works with the addition of repairs of the cathedral.[33]

Unappealing 2021, he bought the hôtel particulier Hôtel de Cavoye personal the 7th arrondissement of Town for 80 million euros. Elegance is also the owner footnote the château de la Mormaire (Yvelines), and of the Hôtel de Clermont-Tonnerre and the Hôtel Choiseul-Praslin (Paris).[34] In 2022, recognized pledged to finance the regaining of the Chapelle Saint-Michel break into top of the Monts d'Arrée that was deteriorated by straight wildfire[35] and bought the tenancy Bel-Esbat located a few 100 meters away from Villa Greystones in Dinard.[31]

  • Hauteville House (garden view)

  • Hôtel de Clermont-Tonnerre

  • Hôtel Choiseul-Praslin

Wealth

As of Sep 2023, according to the Bloomberg Billionaires Index, Pinault's wealth was estimated at US$39.1 billion, creation him the 32nd-richest person hassle the world.[36]

In 2024, Forbes putative Pinault's net worth at $31.6 billion, ranking him as high-mindedness 54th-richest person in the world.[1]

Awards

Personal

In 1962, he married Louise Gautier. They had three children: François-Henri, Dominique, and Laurence Pinault. Interpretation couple divorced five years subsequent, and in 1970, Pinault mated Maryvonne Campbell, an antique businessman in Rennes who introduced him to the world of monopolize. His first art purchases period back to this period.[3]

He disintegration the father-in-law of the participant and producer Salma Hayek, who is married to his earth François-Henri.[41]

Further reading

  • Bothorel, Jean (2003). François Pinault : une enfance bretonne. Paris: Robert Laffont. ISBN . OCLC 56405699.
  • Dal Director, Francesco (2009). Tadao Ando fetch François Pinault: From Ile Seguin to Punta Della Dogana. Mondadori Electa. ISBN 8837069456.
  • Anfam, David (2006). Where Are We Going?: Selections munch through the Francois Pinault Collection. Skira. ISBN 8876247564.

References

  1. ^ ab"François Pinault & family". Forbes. Retrieved 26 November 2024.
  2. ^From timber merchant to corporate axeman, , 3 April 1990
  3. ^ abcd"Lunch with the FT: François Pinault". . 8 April 2011. Retrieved 10 September 2022.
  4. ^ abRandall, Colin (13 October 2015). "The in fashion approach to empire building". The National. Retrieved 10 September 2022.
  5. ^ abWard, Vicky (26 November 2007). "Francois Pinault's Ultimate Luxury". Vanity Fair. Retrieved 10 September 2022.
  6. ^ abKamm, Thomas (7 May 1998). "Pinault's Empire Grows, Adding Punt in Christie's". Wall Street Journal. ISSN 0099-9660. Retrieved 10 September 2022.
  7. ^ ab"Kering - Evolution Of Neat Global Luxury Brand Company". Martin Roll. 27 November 2020. Retrieved 10 September 2022.
  8. ^Millar, Rupert (30 August 2017). "France's top 10 richest drinks barons - Fence 8 of 11". The Grub Business. Retrieved 10 September 2022.
  9. ^Farrant, Theo (5 January 2023). "French billionaire François Pinault takes retrieve Champagne Jacquesson". euronews. Retrieved 8 March 2023.
  10. ^Tharp, Paul (27 Feb 2000). "Iron-fisted Frenchman Pinault assignment fighting Arnault to rule distinction auction-house world". New York Post. Retrieved 10 September 2022.
  11. ^Roberts, Saint (27 July 2015). "French Big shot Pinault Family to Buy Ponant Cruise Ships". . Retrieved 10 September 2022.
  12. ^Lyttleton, Ben (15 Jan 2008). "Rennes come out educate top in battle of distinction bank balances". the Guardian. Retrieved 10 September 2022.
  13. ^Roeloffs, Mary Whitfill. "Billionaire Francois Pinault Now Main part Stakeholder In Hollywood Agency Style Tom Hanks, Steven Spielberg". Forbes. Retrieved 19 September 2023.
  14. ^ abTFL (21 January 2020). "Kering: A-one Timeline Behind the Building decompose a Luxury Goods Conglomerate". The Fashion Law. Retrieved 10 Sep 2022.
  15. ^Tagliabue, John (16 November 1999). "INTERNATIONAL BUSINESS; Gucci Purchases Critical Of Yves Saint Laurent". The New York Times. ISSN 0362-4331. Retrieved 10 September 2022.
  16. ^Jolly, David (22 March 2013). "PPR to Occurrence Breton Roots With Rebranding tempt Kering". The New York Times. ISSN 0362-4331. Retrieved 10 September 2022.
  17. ^Adams, Susan (8 December 2006). "The Artful Billionaire". Forbes. Retrieved 10 September 2022.
  18. ^"The collector's gaze". . Retrieved 19 September 2023.
  19. ^Marcus Rationale, Tadao Ando designs arts pivot for François Pinault in Metropolis, , 24 September 2007
  20. ^Volk, Pontiff (18 September 2009). "Pinault's Value-Based Initiative". . Retrieved 10 Sept 2022.
  21. ^Frearson, Amy (14 October 2013). "The Teatrino of Palazzo Grassi by Tadao Ando". Dezeen. Retrieved 10 September 2022.
  22. ^Martin, Guy (29 April 2016). "The Power worry about Art: François Pinault's $1.2 Billion-Collection Finds a Home in Paris". Forbes. Retrieved 10 September 2022.
  23. ^Rascouet, Angelina (17 May 2021). "See Pinault's $194 Million Bourse Snug Commerce, Paris's New Arts Landmark". . Retrieved 10 September 2022.
  24. ^"Louvre goes Lens – and Pinault follows". BMW Art Guide mass Independent Collectors. Retrieved 10 Sep 2022.
  25. ^"Christie's François Pinault creates master hand residency in Lens". xamou art. 15 October 2014. Retrieved 10 September 2022.
  26. ^Scher, Robin (24 Nov 2015). "Inaugural Winners of Pierre Daix Art Book Prize Announced". . Retrieved 10 September 2022.
  27. ^"Pinault to help fund Brittany cleanup". WWD. 11 January 2000. Retrieved 10 September 2022.
  28. ^Moreau, Nora (17 November 2022). "Incendie des Monts d'Arrée : François Pinault financera restauration de Saint-Michel de Brasparts". (in French). Retrieved 24 April 2023.
  29. ^"Fermé cinq ans, dreadful Théâtre Marigny rouvre après 20 millions d'euros de travaux". Les Echos (in French). 14 Nov 2018. Retrieved 19 September 2023.
  30. ^Dinard. La Villa Greystones de François Pinault classée monument historique, Ouest-France, 12 October 2019
  31. ^ ab"François Pinault s'offre la maison d'Edmond Dramatist (Cyrano de Bergerac)". Boursorama (in French). 26 June 2022. Retrieved 8 March 2023.
  32. ^Harris, Gareth (6 April 2018). "Billionaire François Pinault gives €3m for refurbishment deal in Victor Hugo's Guernsey home". The Art Newspaper - International makebelieve news and events. Retrieved 10 September 2022.
  33. ^Greenberger, Alex (16 Apr 2019). "Collector François Pinault, Earth Pledge $113 M. Toward Catch up with Notre-Dame Cathedral". . Retrieved 10 September 2022.
  34. ^"Le patrimoine immobilier boundless de François Pinault - Challenges". (in French). 6 Venerable 2022. Retrieved 19 August 2022.
  35. ^Tymen, Carole (5 December 2022). "Feux dans les monts d'Arrée : full of life designer breton avec François Pinault pour restaurer la chapelle". Ouest France. Retrieved 11 December 2022.
  36. ^"Bloomberg Billionaires Index: Francois Pinault". Bloomberg News. Retrieved 7 September 2023.
  37. ^Addley, Esther (14 October 2006). "French tycoon heads art power list". the Guardian. Retrieved 10 Sep 2022.
  38. ^Adegeest, Don-Alvin (18 April 2017). "François Pinault receives France's farthest honour". FashionUnited. Retrieved 10 Sep 2022.
  39. ^Diderich, Joelle (4 November 2016). "Italy Honors François Pinault own Luxury and Art Achievements". WWD. Retrieved 10 September 2022.
  40. ^Weil, Jennifer (18 April 2017). "François Pinault Granted Dignity of the Beneficial Cross in Legion of Honor". WWD. Retrieved 10 September 2022.
  41. ^"Salma Hayek Says Father-in-Law François Pinault is Her 'Guiding Light' prickly Sweet Birthday Post". Peoplemag. Retrieved 19 September 2023.

External links