François-Henri Pinault is the CEO and the chairman of the international luxury group Kering and also the president of Groupe Artemis. He is the main reason for the evolution of Kering into a luxury group from being a retail industry. His designations stir your curiosity to know about his net worth right? Luckily you are in the right place, as this article will speak about the career and net worth of François-Henri Pinault in 2020.
Early Life & Biography
François-Henri Pinault was born on 28 May 1962, in Rennes, France. His father is François Pinault, the honorary chairman and the founder of Kering. While studying at the HEC School of Management, Henri attended an internship with Hewlett-Packard as a database developer. In 1897, Henri became the manager of the buying department at PPR and later in 1990; he became the head manager of the Pinault Distribution. He went on to become the President of CFAO, and in 1997 he was appointed the CEO of Fnac.
Henri married his first wife Dorothee Lepere in 1996, and the couple has a son François and a daughter Mathilde. Their relationship ended in divorce in 2004 after which Henri dated supermodel Linda Evangelista. He has a child named Augustin with Linda. François-Henri Pinault started dating actress Salma Hayek in 2006, and the couple got married in 2006. They have a daughter Valentina who was born in 2007.
Career, Awards & Nominations
In 2003, Henri earned the post of president chairman of Artemis and vice-president of PPR. He eventually became the Chairman and CEO of PPR in 2005 and evolved PPR to a luxury industry from being a retail industry. PPR went on to purchase luxury brands such as Girard-Perregaux, a Swiss-based watchmaker, Brioni, Pomellato, Qeelin, a Chinese Jeweler, Christopher Kane, Tomas Maier, and Ulysse Nardin. They also acquitted Puma in 2007 and Volcom in 2011.
François-Henri Pinault in 2013, changed the name of PPR to Kering. The group under his guidance collected revenue of 10 billion Euros and became one of the best in the business. Pinault is also the owner of the French Ligue 1 football team Stade Rennais.
In 2006, François was honored with the Chevalier de la Legion d’Honneur which is given for civil and military merits. In 2015, he won the GCC Global Leaders of Change awards and the ADL International Leadership Award. In 2017, he was listed at number 23 in the best performing CEO list by Harvard Business Review.
Net Worth & Earnings
His net worth as of September 2017 was estimated to be 17.8 billion Euros with his wealth being increased by 1.2 billion Euros earlier that year. His current net worth is estimated to be $27 billion.
Though François-Henri Pinault’s father was himself a billionaire and has a net worth of $32 billion, Henri incorporated his own ideas and has contributed a lot to make their company evolve as one of the best luxury goods producers in the world. He also founded the Kering Foundation in 2008 that works for the protection of women’s rights.