Estimated Net Worth: $14.2 billion
Origin of Wealth: PPR, retail
François Pinault is a self-made French tycoon who is the majority shareholder of luxury retail company PPR, which owns the Gucci Group (Yves Saint Laurent, Balenciaga, Bottega Veneta, and Alexander McQueen). In 1992, he created Artemis, a private company entirely owned by the Pinault family. Artemis controls the Château-Latour vineyard in Bordeaux, the news magazine Le Point and the daily newspaper l’Agefi.
François Pinault also controls the auction house Christie’s, a world leader in the art market. A lover of art and owner of one of the most avid collectors of contemporary art, Pinault acquired the prestigious Palazzo Grassi in Venice in May 2005 to house and exhibit his part of his collection.