François Pinault

Collector and founder of the Pinault Collection, soon to be adding a major new venue in Paris to his two in Venice

After years of rumour and speculating on Pinault’s intentions to open a space in the French capital to show his collection – and exactly two years after his rival Bernard Arnault inaugurated the Fondation Louis Vuitton in Paris – the French megacollector and businessman finally took the leap, announcing a 50-year lease on La Bourse du Commerce from the city council. Pinault, who also owns Christie’s, is anticipating spending €50m to finance Tadao Ando’s makeover of the landmark eighteenth-century building – the Japanese architect is also responsible for designing his foundation’s two venues in Venice, Punta della Dogana and Palazzo Grassi – and its operating costs. This year the collector also launched an artist residency in Lens, France, and the Pierre Daix Prize – named in memory of the writer and art historian who passed away last year – which offers a €10,000 stipend to facilitate the publication of a book on modern or contemporary art.