#2113

Philippe Ginestet & family

France 72 years old Self-Made

Overview

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 an estimated annual revenue of $2 billion.

Ginestet founded the company in 1981 and remains chairman.

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.