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francois pinault drops out of top 100 richest as wealth declines
Francois Pinault, the 88-year-old founder of Kering SA, has fallen to No. 105 on the Bloomberg Billionaires Index, marking his first time outside the top 100 in over a decade. His wealth has plummeted by two-thirds to $20.3 billion since reaching a peak in August 2021, amid challenges at Gucci, the conglomerate's largest brand.
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