François Pinault

François Pinault | top billionairesWhat a great collention he had that those painting made him one of the most powerful people in modern art.

François Pinault (born 21 August 1936) is a billionaire French businessman who runs the retail company PPR. He is a friend of former French President Jacques Chirac. According to Forbes List of billionaires (2008) he is ranked 39th in the world, with an estimated fortune of US$16.9 billion.

His holding company Artemis S.A., owns (or owned), among others, Converse sneakers, Samsonite luggage, the Vail Ski Resort in Colorado, and Christie's auction house. Artemis also owns Executive Life (now Aurora Life) in California, which was sued by policy holders when the company failed.

Pinault owns one of the biggest collections of contemporary art worldwide. On the magazine ArtReview's 2006 list of most powerful people in modern art, he was ranked at the first place. In 2006 he obtained the ownership of Palazzo Grassi in Venice to display the collection.

François Pinault

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