Philippe Ginestet & family

$1.76B

as of 10/04/24

About Philippe Ginestet & family

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.

Personal stats

Citizenship

France

Source of wealth

Retail stores

Residence

Pujols, France

Birth date

01/01/54 (age 70)

Self-made

self-made

Philippe Ginestet & family’s fortune is worth

29K

troy ounces of gold

27K

median U.S. household

18K

median U.S. income

0.035%

U.S. credit card volume

0.007%

GDP of the United States

0.005%

United States debt

Net worth history

Annual ranking

Did you know?

The name GiFi is a patronym, combining the first syllables of Ginestet's last name and first name.