How Rich Is the Gucci Owner?

Gucci, the famous Italian luxury brand, has been creating waves in the fashion industry for decades. From clothing to accessories, Gucci has built a reputation for itself as one of the most sought-after brands in the world. But how rich is the Gucci owner?

The Gucci brand is currently owned by French luxury group Kering, which also owns other high-end brands such as Yves Saint Laurent and Balenciaga. As of 2021, Kering’s CEO, François-Henri Pinault, has a net worth of $50 billion according to Forbes.

Pinault is the son of billionaire businessman François Pinault, who founded Kering’s predecessor company in 1963. François-Henri Pinault took over as CEO of Kering in 2005 and has since then transformed it into a global luxury conglomerate.

Under his leadership, Kering’s revenue has grown significantly year after year. In 2020 alone, despite facing challenges due to the COVID-19 pandemic, Kering reported revenue of €13.1 billion ($15.7 billion).

Pinault’s success with Kering has not only made him one of the richest people in the world but also earned him recognition for his contributions to sustainability in fashion. In 2019, he launched the “Fashion Pact,” which brought together more than 60 global fashion companies committed to reducing their environmental impact.

In addition to his work with Kering and sustainability efforts, Pinault is also involved in philanthropy through his family foundation. The foundation supports causes such as education and cultural preservation.

So while we may not know exactly how much money specifically comes from Gucci under Kering’s ownership – given that it is just one part of a larger portfolio – we can say with certainty that François-Henri Pinault is an incredibly wealthy individual with a keen eye for business and a commitment to making positive change in the fashion industry and beyond.