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Grizzly Bulls’ Billionaires Index

⬅ # 64 He Xiangjian|# 66 Lee Shau Kee ➡

# 65 François Pinault 

$27.7B

Real Time Net Worth
as of 5/13/2024
-$5.7M (-0.02%)

# 65 François Pinault 

$27.7B

Real Time Net Worth
as of 5/13/2024
-$5.7M (-0.02%)
OccupationFounder, Kering
Source of WealthGucci, luxury goods
Age87
ResidenceParis, France
Marital StatusMarried
Children3
EducationDrop Out, High School
Age-Adjusted Net Worth$4.46B
François Pinault
François Pinault
France
Net worth: $27.7B

Self-Made Score 

Wealth History

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Biography

François Pinault started his first business in 1963, establishing a wood-trading company.
Pinault SA, founded in 1963, grew and diversified its portfolio through acquisitions of distressed companies, such as Chapelle Darblay, to restructure them.
On 25 October 1988, Pinault SA went public on the Paris stock exchange and began investing in specialty store chains.
Pinault acquired majority stakes in companies like CFAO, Conforama, Printemps, La Redoute, and Fnac, leading to the renaming of Pinault SA to Pinault-Printemps-Redoute (PPR) in 1993.
In 1992, François Pinault established the holding company Artémis to manage family investments, controlling vineyards like Château Latour, Clos de Tart, Domaine d'Eugénie, Château Grillet, Eisele Vineyard, and champagne Jacquesson.
Artémis expanded its portfolio by acquiring Le Point news magazine in 1997, Christie's auction house in 1998, and luxury cruise company Ponant in 2015.
François Pinault became the owner of the Rennes football club in 1998.
In September 2023, Artémis acquired 53% of Creative Artists Agency for $7 billion.
By the late 1990s, Pinault shifted focus from retail to luxury, purchasing a controlling stake in the Gucci Group in March 1999 for $3 billion, and subsequently acquiring Yves Saint Laurent, Boucheron, Balenciaga, and Alexander McQueen.
In May 2003, he handed over the management of his companies to his son François-Henri, who continued the consolidation of the luxury group, leading to the renaming of the group to Kering in 2013.
In 1980, Pinault bought his first significant painting, Cour de ferme by Paul Sérusier, and expanded his art collection to approximately 10,000 works by 2023, including pieces by Mondrian, Picasso, Man Ray, David Hammons, Rudolf Stingel, Damien Hirst, and others.
In 2005, François Pinault acquired Palazzo Grassi SpA, operating the Palazzo Grassi in Venice, with the first exhibition held in 2006.
Tadao Ando renovated Palazzo Grassi and, in 2007, Pinault Collection won the tender for the Punta della Dogana, expanding the Venice space by 5,000 m², reopening in June 2009.
In 2013, Pinault completed the renovation of the Teatrino in Venice, designed by Tadao Ando.
In 2016, François Pinault announced plans to transform the Bourse de commerce in Paris into a contemporary art museum branded as Pinault Collection, which opened in May 2021, with Tadao Ando overseeing the transformation.

How long would it take you to become as rich as François Pinault?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach François Pinault's net worth of $27.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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François Pinault is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For François Pinault, Gucci and luxury goods are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey