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Meet French billionaire François Pinault, owner of Christie’s and founder of Kering – who has pledged US$113 million to rebuild Notre Dame

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Meet French billionaire François Pinault, owner of Christie’s and founder of Kering – who has pledged US$113 million to rebuild Notre Dame

  • Categories:Industry insight
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  • Time of issue:2019-07-02 14:17
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(Summary description)The French billionaire has joined forces with other wealthy figures to raise funds to restore the cathedral to its former glory following a devastating fire on Monday night

Meet French billionaire François Pinault, owner of Christie’s and founder of Kering – who has pledged US$113 million to rebuild Notre Dame

(Summary description)The French billionaire has joined forces with other wealthy figures to raise funds to restore the cathedral to its former glory following a devastating fire on Monday night

  • Categories:Industry insight
  • Author:
  • Origin:
  • Time of issue:2019-07-02 14:17
  • Views:
Information

  Published: 2:03am, 8 Mar, 2019, STYLE

  The French billionaire has joined forces with other wealthy figures to raise funds to restore the cathedral to its former glory following a devastating fire on Monday night

  François Pinault's family just pledged US$113 million (€100 million) to help rebuild the 800-year-old Notre Dame Cathedral in Paris following a massive blaze that broke out on Monday evening, damaging the famous landmark’s spire and roof.

  Collectively, France's superrich have already pledged over US$450 million towards Notre Dame’s repairs.

  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.

  Pinault grew up in the rural French countryside, beginning his career working for his family’s timber business. After establishing his own company in Rennes, he slowly moved into the retail market, before shifting solely to the luxury retail market in 2016.

  Now under his son’s direction, the company continues to flourish, especially with rocketing sales for Gucci and Balenciaga. Gucci was Pinault’s first fashion house purchase, and remains one the mogul’s most important business deals. The acquisition was hard-fought in a battle between rival French billionaire and luxury brand owner Bernard Arnault.

  Alongside other major holdings, such as a winery in Bordeaux 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 US$1.2 billion.

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

  

 

 

  

 

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