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    François Pinault

    French billionaire businessman (born )

    François Pinault (born 21 August ) is a French billionaire businessman, founder of the luxury group Kering and the investment holding companyArtémis.

    Pinault started his business in the timber industry in the early s. Taken public in , his company invested in specialty store chains and changed its name to Pinault-Printemps-Redoute (PPR). By the end of , PPR shifted towards luxury and fashion.

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    In , he passed on the management of his companies to his elder son François-Henri to follow his passion for contemporary art.

    In , Forbes estimated Pinault's net worth at $ billion, ranking him as the 54th-richest person in the world.[1]

    Early life

    François Pinault was born on 21 August in Les Champs-Géraux, a commune in the north of Brittany in the west of France.

    His father was a timber trader.[2]

    Pinault grew up in the rural French countryside, beginning his career working for his family's timber bus