Vincent Bolloré

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Vincent Bolloré
Festival automobile international 2014 - Photocall - 103.jpg
Born (1952-04-01) 1 April 1952 (age 67)
ResidenceParis, France
NationalityFrench
EducationLycée Janson-de-Sailly
Alma materParis Nanterre University
OccupationChairman and CEO, Bolloré
Net worth$5.3 billion (2016)[1]
Spouse(s)Anaïs Jeanneret
Children4

Vincent Bolloré (born 1 April 1952) is a French billionaire businessman. He is the chairman and CEO of the investment group Bolloré.[2]

Early life[edit]

Bolloré was born in Boulogne-Billancourt. He attended the Lycée Janson-de-Sailly, before graduating with a business degree from Université Paris X Nanterre. Bolloré started his career as an investment bank trainee at Edmond de Rothschild.[3]

Career[edit]

Bolloré's personal investment career began when he took over at his family-controlled conglomerate Bolloré,[4] which deals in maritime freight and African trade, and paper manufacturing (cigarette and bible paper). Bolloré employs 33,000 people worldwide. He is a well-known corporate raider in France who has succeeded in making money by taking large stakes in French listed companies, in particular the building and construction group Bouygues, where he left with a sizeable capital gain after a power struggle.[citation needed]

In late 2004, his investment group started building a stake in advertising group Havas, becoming its largest single shareholder. He mounted a coup and replaced Alain de Pouzilhac as CEO in July 2005. In 2005, through his family company, he expanded his media interests by launching the Direct 8 television station. Towards the end of 2005, he began building a stake in independent British media planning and buying group, Aegis. As of July 2006, his stake in Aegis stood at 29%.[5] Direct Soir [fr], a free newspaper, was launched in June 2006.[citation needed] In January 2008, he manifested interest in becoming a shareholder of famed, but troubled, Italian car manufacturer Pininfarina.[citation needed]

The Bolloré Group also has important positions in the economies of several former French colonies in Africa (in particular Ivory Coast, Gabon, Cameroon, and Congo).[6][7][8] On 24 April 2018, Bolloré was brought into custody for questioning concerning perceived links between discount rates for political consulting (through Havas) and port concessions in Lomé, Togo; and Conakry, Guinea. He was subsequently indicted for "corruption of foreign agents", "falsification of documents", and "complicity in breach of trust". [9] If found guilty, he could face a maximum fine of €1 million and up to 10 years' imprisonment.[10]

Personal life[edit]

He has four children from his first union: Sébastien, Yannick, Cyrille and Marie. He is married to Anaïs Jeanneret, a French writer.

He is ranked 207th-richest person in the world, according to Forbes, with an estimated fortune of US$7.4 billion.[11]

He is a close personal friend of former French President Nicolas Sarkozy. It has been said that their friendship goes back over 20 years.[12] Sarkozy has been criticized for accepting vacations from Bolloré, as was president Georges Pompidou with his father, Michel Bolloré.[citation needed] They have both stated that no conflict of interest exists.[citation needed]

References[edit]

  1. ^ "Vincent Bollore". Forbes. Retrieved 29 October 2016.
  2. ^ "Vincent Bolloré: Executive Profile & Biography - Businessweek". investing.businessweek.com. Retrieved 30 October 2012.
  3. ^ "Vincent Bollore". Forbes. Retrieved 8 July 2017.
  4. ^ "Stocks". Bloomberg.com. Retrieved 8 July 2017.
  5. ^ "Aegis' Major Shareholders". Hemscott Group Ltd. 19 July 2006.
  6. ^ Martine Orange (2 February 2009). "Enquête sur la face cachée de l'empire Bolloré". Mediapart (in French). Retrieved 11 November 2018.
  7. ^ Thomas Deltombe (1 April 2009). "Port, rail, plantations : le triste bilan de Bolloré au Cameroun". Le Monde diplomatique (in French). Retrieved 11 November 2018.
  8. ^ Fanny Pigeaud (11 March 2008). "Les Camerounais exploités des palmeraies de Bolloré". Libération (in French). Retrieved 11 November 2018.
  9. ^ Simon Piel; Joan Tilouine (25 April 2018). "Concessions portuaires en Afrique : Vincent Bolloré mis en examen". Le Monde. Retrieved 11 November 2018.
  10. ^ Cécile De Sèze (26 April 2018). "Mis en examen, que risque Vincent Bolloré?". RTL. Retrieved 11 November 2018.
  11. ^ Luisa Kroll; Allison Fass (1 August 2018). "Vincent Bollore profile page on Forbes.com". Forbes Magazine.
  12. ^ "Bolloré, un financier avec qui copiner". Libération. 10 May 2007.

External links[edit]