How Much Does the Owner of Gucci Make?

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When it comes to luxury fashion brands, Gucci is undoubtedly one of the most iconic and prestigious names in the industry. It is renowned for its high-end products that are synonymous with elegance, sophistication, and luxury.

But have you ever wondered how much money the owner of Gucci makes? In this article, we will delve into the details of this topic and find out more about the earnings of Gucci’s owner.

The History of Gucci

Gucci was founded in 1921 by Italian fashion designer Guccio Gucci. The brand initially started as a small leather goods shop in Florence but gradually expanded its product range to include clothing, accessories, and footwear. Over the years, Gucci has become one of the most recognizable names in luxury fashion and has created a loyal customer base around the world.

The Current Owner of Gucci

Gucci is currently owned by French luxury conglomerate Kering. Kering acquired Gucci in 1999 and has since then transformed it into a global powerhouse that generates billions of dollars in revenue each year. The CEO of Kering is François-Henri Pinault, who is also the chairman of Gucci.

The Earnings of François-Henri Pinault

As per Forbes’ 2021 Billionaires List, François-Henri Pinault has a net worth of $42.3 billion USD. While it is difficult to determine how much money he earns specifically from his role as chairman at Gucci since Kering owns multiple luxury brands, it is safe to assume that his earnings are significant.

  • According to Glassdoor, the average salary for a Chairman at Kering is around $5 million USD per year.
  • Moreover, François-Henri Pinault also receives dividends from his shares in Kering.
  • In 2019, Forbes reported that he earned $12.5 million USD in dividends from his shares in Kering.

It is worth noting that these figures are subject to change and may not accurately reflect the current earnings of François-Henri Pinault.

The Bottom Line

In conclusion, the owner of Gucci, François-Henri Pinault, is a billionaire with a significant net worth. While it is difficult to determine his exact earnings from Gucci since Kering owns multiple luxury brands, it is safe to say that his income is substantial. Gucci’s success as a luxury fashion brand has undoubtedly contributed to the wealth of its owner, and it will be interesting to see how the brand continues to evolve under his leadership.

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