Philippe Ginestet & family
$1.9B
Born
Jan 01, 1954
Age
71
Source of Wealth
Retail stores
Residence
Pujols,
Citizenship
France
Marital Status
Children
0
Education
- Philippe Ginestet owns French discount chain GiFi, known for its low prices on household goods, the majority of which cost less than five euros.
- GiFi boasts annual revenue of about $1.8 billion and some 540 stores, mostly in France.
- Ginestet founded the company in 1981 and remains chairman. His son, Alexandre, is CEO.
- In 2017, GiFi acquired Tati, a famous French discount chain often identified by its bright pink logo.
- The name GiFi is a patronym, combining the first syllables of Ginestet's last name and first name.
- Ginestet owns a chateau in France dating back to the 16th century, which he painted various colors and reopened as a hotel.
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