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François Pinault just gave $109 million to help rebuild the Notre-Dame. Meet the French billionaire who owns Christie's and founded the luxury giant behind Gucci.

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francois pinault

François Pinault, currently the second-richest person in France, finalized his $109 million gift to help rebuild the Notre-Dame Cathedral on October 1, according to the Associated Press

Soon after the Cathedral caught fire in April, Pinault's son announced that the family would donate €100 million, or $113 million, to repair the 800-year-old building. In the aftermath of the devastating fire, France's superrich collectively pledged over €400 million, or $452 million, to the iconic cathedral's repairs; that includes fellow fashion mogul Bernard Arnault, who also announced that he'd be pledging $226 million to the cause. However, in the ensuing months, many of those promises were left unfulfilled.

Read more: Bernard Arnault just keeps getting richer. French billionaires have made more money this year than their counterparts in any other country, and they partially have China to thank

François Pinault is tied to some of the biggest names in fashion: Gucci, Alexander McQueen, and Yves Saint Laurent. As the owner of Kering luxury group, his family manages over a dozen high-end brands.

Alongside other major holdings, such as a winery in Bourdeaux and a cruise line in Marseille, Pinault is one of the world's biggest private art collectors. His collection includes over 3,000 works of art and is worth over $1.2 billion.

Keep reading for a deeper look at Pinault's life, from his company's origins to his most recent business investments.

SEE ALSO: Meet Bernard Arnault, the richest person in Europe, who's worth $80 billion and controls LVMH, the world's largest maker of luxury goods

DON'T MISS: 9 unlikely items that have become luxury status symbols among the elite

François Pinault is one of the most powerful men in the fashion industry.



According to Bloomberg, he is the 23rd-richest person in the world with a net worth of $34.3 billion ...

Source: Bloomberg



... and the second-richest person in France.

Source: Bloomberg



The richest man in France is Bernard Arnault, who controls LVMH, the world's largest luxury group.

Source: Forbes, The Guardian, New York Times



Over the years, Pinault's successful career has included many calculated business moves and key partnerships. However, some of his most important decisions were made early on in France, where his company originated. Pinault was born in Les Champs-Géraux, a commune in Brittany, France.

Source: Google Maps, Britannica



Pinault's first job was working for his father's lumber business.

Source: The Guardian, Bloomberg



In 1963, Pinault founded Établissements Pinault, a timber trading company, in Rennes, France. Pinault also briefly attended College Saint-Martin in Rennes, but left school at age 16.

Source: Kering, The Guardian, Bloomberg



In 1988, the company first appeared on the Paris Stock Exchange and two years later, in 1990, the company took on retail distribution.

Source: Kering



In 1994, the company became Pinault Printemps Redoute after acquiring La Redoute, a French mail-order retailer, and Le Printemps, a major French department store chain.

Source: Kering



After several years in retail, the company began shifting its focus to luxury in 1994 after purchasing a 42% stake in the Gucci Group.

Source: Kering



The acquisition of Gucci followed a nearly two-and-a-half-year battle with fellow billionaire Bernard Arnault. The New York Times previously labeled the legal war "one of the most bitter fights in corporate history."

Source: New York Times



During this time, Pinault also acquired luxury brand Yves Saint Laurent ...

Source: Kering



... and Italian fashion houses Bottega Veneta and Balenciaga.

Source: Kering



In 2005, Pinault Printemps Redoute shortened its name to PPR. Pinault has three children; his son, François-Henri Pinault, was named the company's new face and CEO.

Source: Kering



Under his son's direction, the company continued to acquire brands, with a special interest in luxury fashion houses ...

Source: Kering



... and was renamed the Kering luxury group in 2013.

Source: Kering



The new Kering company sold its remaining shares of PUMA last year, thus completing Pinault's final transformation to a luxury-only group.

Source: New York Times, CNBC



Pinault's son is an active member of the fashion community, regularly attending fashion shows ...

Source: Kering



... along with red carpets with his wife, actress Salma Hayek.

Source: Business Insider



The two married in 2009.

Source: CBS News



Their daughter, Valentina, is one of Pinault's grandchildren ...

Source: Reuters



... along with Francois-Henri's son from a previous marriage, also named François Pinault.

Source: Reuters



Pinault and his son and daughter-in-law are sometimes seen at soccer games. Pinault currently owns Stade Rennais soccer club, based in Brittany near his hometown.

Source: Reuters



Pinault has also sponsored French swimmer Laure Manaudou.

Source: Reuters



Along with his professional sports endeavors, Pinault currently owns the Château Latour vineyard ...

Source: New York Times, Variety



... has holdings in Vail Ski Resort in Colorado ...

Source: Britannica



... and owns the iconic Christie's auction house through Groupe Artémis, his holding company, otherwise known as Artemis, S.A.

Source: Britannica, The Guardian



Originally founded in 1766 by James Christie, the luxury auction giant has locations in London, New York, Paris, and other major cities. In 2017, Christie's sales totaled $6.6 billion.

Source: Christie's



Pinault purchased the company in 1998, and has served as a chairman since 2017.

Source: CNN



On top of his involvement with Christie's, Pinault is regarded as one of the biggest private art collectors in the world ...



... and has taken part in many art events over the years, both public and private.

Source: Reuters


Pinault has come to collect historic pieces, along with more contemporary artists such as Andy Warhol.

Source: Reuters


Pinault owns the Palazzo Grassi art gallery in Venice ...

Source: Reuters



... and can be found on the Venice canals, arriving at gallery openings and special events by boat.

Source: Reuters



Most recently, the Pinault family made headlines for their announcement of a contemporary art gallery supplied by their Pinault Foundation at the historic Bourse du Commerce in Paris.

Source: Reuters, The Guardian, New York Times



Pinault is supplying the $55 million dollars for renovations, which will be headed by Tadao Ando, along with his impressive collection, which includes over 3,000 works of art.

Source: Reuters, New York Times



Along with his circle of high-profile artists, Pinault is close friends with former French president Jacques Chirac. The Guardian previously reported that Pinault was one of the few people to have the president's personal phone number.

Source: The Guardian, Reuters



Pinault has been married to his wife Maryvonne Pinault since 1970.

Source: Bloomberg



The couple recently entered the luxury cruise and yacht business, purchasing the cruise line Ponant on Maryvonne's suggestion.

Source: Bloomberg



The Pinaults own multiple houses, such as a mansion in London ...

Source: Business Insider, The Telegraph



... and in 2013, he purchased a Bel Air home from late celebrity hairstylist Vidal Sassoon.

Source: Business Insider, Wall Street Journal



Though Pinault is 82 years old, he still serves as director of Artemis S.A., a chairman of Christie's, and honorary chairman of his Kering giant.

Source: Bloomberg



On April 15, the Notre-Dame Cathedral caught fire. Pinault's son announced that the family would donate €100 million, or $109 million, to repair the iconic landmark. In the aftermath of the fire, France's superrich collectively pledged over 400 million euros, or $452 million, to rebuild 800-year-old cathedral.

Source: Business Insider



However, the church didn't get the money immediately, leading a representative to publically criticize Pinault and the other billionaire donors, telling the AP that "the big donors haven't paid. Not a cent." The vast majority of the funds that paid for the initial clean-up came from American citizens who donated to the church's Friends of Notre Dame charity.

Source: Insider



Pinault finalized his $109 million gift to the Cathedral on October 1. A representative of the family also told the AP that the Pinaults also gave more than €10 million ($11 million) in June at the Cathedral's request.

Source: Associated Press




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