Vincent Bolloré (born 1 April 1952) is a French
billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busi ...
businessman. He is the chairman and CEO of the investment group
Bolloré. As of September 2021, his net worth is estimated at US$9 billion.
Early life
Bolloré was born in
Boulogne-Billancourt
Boulogne-Billancourt (; often colloquially called simply Boulogne, until 1924 Boulogne-sur-Seine, ) is a wealthy and prestigious commune in the Parisian area, located from its centre. It is a subprefecture of the Hauts-de-Seine department and t ...
. 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.
Career
Bolloré's personal investment career began when he took over at his family-controlled conglomerate
Bolloré, 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
Bouygues S.A. () is a French industrial group headquartered in the 8th arrondissement of Paris, France. Bouygues is listed on the Euronext Paris exchange and is a blue chip in the CAC 40 stock market index. The company was founded in 1952 by F ...
, where he left with a sizeable capital gain after a power struggle. He pulled a similar move with French video game company
Ubisoft
Ubisoft Entertainment SA (; ; formerly Ubi Soft Entertainment SA) is a French video game publisher headquartered in Saint-Mandé with development studios across the world. Its video game franchises include '' Assassin's Creed'', '' Far Cry'', ...
, owning an approximate 27% stake in the company in 2016, before Ubisoft president
Yves Guillemot maneuvered a deal to have a coalition of
Tencent Games, among other companies, to buy out Bolloré's shares for about $2.45 billion.
In late 2004, his investment group started building a stake in advertising group
Havas
Havas SA is a French multinational advertising and public relations company, headquartered in Paris, France. It operates in more than 100 countries and is one of the largest advertising and communications groups in the world. Havas consists of ...
, 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
Direct 8 was a national French TV channel, owned by Vincent Bolloré. It was available through digital terrestrial television
Digital terrestrial television (DTTV or DTT, or DTTB with "broadcasting") is a technology for terrestrial televisi ...
television station. Towards the end of 2005, he began building a stake in independent British
media planning and buying group,
Aegis
The aegis ( ; grc, αἰγίς ''aigís''), as stated in the ''Iliad'', is a device carried by Athena and Zeus, variously interpreted as an animal skin or a shield and sometimes featuring the head of a Gorgon. There may be a connection with a d ...
. As of July 2006, his stake in Aegis stood at 29%. ', a free newspaper, was launched in June 2006. In January 2008, he manifested interest in becoming a shareholder of famed, but troubled, Italian car manufacturer
Pininfarina
Pininfarina S.p.A. (short for Carrozzeria Pininfarina) is an Italian car design firm and coachbuilder, with headquarters in Cambiano, Turin, Italy. The company was founded by Battista "Pinin" Farina in 1930.
On 14 December 2015, the Indian ...
. In 2014, as Vivendi president he decided to invest in the Italian telecom company Telecom Italia and in the Italian broadcaster, Mediaset, controlled by Berlusconi family’s holding company Fininvest.
The Bolloré Group also has important positions in the economies of several former French colonies in Africa (in particular
Ivory Coast
Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre i ...
,
Gabon
Gabon (; ; snq, Ngabu), officially the Gabonese Republic (french: République gabonaise), is a country on the west coast of Central Africa. Located on the equator, it is bordered by Equatorial Guinea to the northwest, Cameroon to the nort ...
,
Cameroon
Cameroon (; french: Cameroun, ff, Kamerun), officially the Republic of Cameroon (french: République du Cameroun, links=no), is a country in west-central Africa. It is bordered by Nigeria to the west and north; Chad to the northeast; the ...
, and
Congo).
On 24 April 2018, Bolloré was brought into custody for questioning concerning perceived links between discount rates for political consulting (through
Havas
Havas SA is a French multinational advertising and public relations company, headquartered in Paris, France. It operates in more than 100 countries and is one of the largest advertising and communications groups in the world. Havas consists of ...
) and port concessions in
Lomé
Lomé is the capital and largest city of Togo. It has an urban population of 837,437 ,
Togo
Togo (), officially the Togolese Republic (french: République togolaise), is a country in West Africa. It is bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, where its c ...
; and
Conakry
Conakry (; ; sus, Kɔnakiri; N’ko: ߞߐߣߊߞߙߌ߫, Fula: ''Konaakiri'' 𞤑𞤮𞤲𞤢𞥄𞤳𞤭𞤪𞤭) is the capital and largest city of Guinea. A port city, it serves as the economic, financial and cultural centre of Guinea. Its p ...
,
Guinea
Guinea ( ),, fuf, 𞤘𞤭𞤲𞤫, italic=no, Gine, wo, Gine, nqo, ߖߌ߬ߣߍ߫, bm, Gine officially the Republic of Guinea (french: République de Guinée), is a coastal country in West Africa. It borders the Atlantic Ocean to the we ...
. He was subsequently indicted for "corruption of foreign agents", "falsification of documents", and "complicity in breach of trust".
If found guilty, he could face a maximum fine of €1 million and up to 10 years' imprisonment.
As a result of
Universal Music Group
Universal Music Group N.V. (often abbreviated as UMG and referred to as just Universal Music) is a Dutch–American multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands and its ...
IPO at
Euronext Amsterdam
Euronext Amsterdam is a stock exchange based in Amsterdam, the Netherlands. Formerly known as the Amsterdam Stock Exchange, it merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The ...
, Bolloré now held 18 percent of UMG shares.
Personal life
He has four children from his first union: Sébastien,
Yannick
Yannick is a first name that originated in Brittany, France, where the combination of its two Breton language parts, ''Yann'' and ''-ick'', results in the meaning of '' Little John'' or ''Petit Jean'' in French. It is used as a first name mostly f ...
, Cyrille, and Marie, and adopted one child during his current union. He is married to Anaïs Jeanneret, a French writer.
He is ranked 499th-richest person in the world, according to ''
Bloomberg Bloomberg may refer to:
People
* Daniel J. Bloomberg (1905–1984), audio engineer
* Georgina Bloomberg (born 1983), professional equestrian
* Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and m ...
'', with an estimated fortune of US$5.27 billion.
He is a close personal friend of former
French President Nicolas Sarkozy
Nicolas Paul Stéphane Sarközy de Nagy-Bocsa (; ; born 28 January 1955) is a French politician who served as President of France from 2007 to 2012.
Born in Paris, he is of Hungarian, Greek Jewish, and French origin. Mayor of Neuilly-sur-Se ...
. It has been said that their friendship goes back over 20 years. Sarkozy has been criticized for accepting vacations from Bolloré, as was president
Georges Pompidou
Georges Jean Raymond Pompidou ( , ; 5 July 19112 April 1974) was a French politician who served as President of France from 1969 until his death in 1974. He previously was Prime Minister of France of President Charles de Gaulle from 1962 to 196 ...
with his father, Michel Bolloré. They have both stated that no conflict of interest exists.
Media engagement
Bolloré has been investing massively in media for several years. He is the main shareholder of the
Vivendi
Vivendi SE is a French mass media holding company headquartered in Paris. Widely known as the owner of Gameloft, Groupe Canal+, Havas, Editis, Prisma Media, Vivendi Village and Dailymotion, the company has activities in television, film, video ...
media group, which holds 18 percent of
Universal Music Group
Universal Music Group N.V. (often abbreviated as UMG and referred to as just Universal Music) is a Dutch–American multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands and its ...
in addition to numerous TV stations and newspapers.
In 2022 he has also bought the largest private radio station in France,
Europe 1 in time for the
2022 French presidential election
The 2022 French presidential election was held on 10 and 24 April 2022. As no candidate won a majority in the first round, a runoff was held, in which Emmanuel Macron defeated Marine Le Pen and was re-elected as President of France. Macron, ...
.
References
External links
Bolloré websiteVivendi French website
{{DEFAULTSORT:Bollore, Vincent
1952 births
Living people
21st-century French newspaper publishers (people)
Commandeurs of the Légion d'honneur
French billionaires
French chief executives
Businesspeople from Paris
French people of Breton descent
Lycée Janson-de-Sailly alumni
People from Boulogne-Billancourt
University of Paris alumni