Francois-Henri Pinault is a French businessman and the Chief Executive Officer of Pinault-Printemps-Redoute (PPR), a Paris-based congolmerate that owns Gucci, Yves St. Laurent and Bottega Veneta; his family is worth an estimated $11.5 billion.

He is also the son of the PPR’s founder, businessman François Pinault, and husband of famous actor Salma Hayek.

For his 50th birthday it seems that Mr. Pinault’s father (Francois Pinault) bought him a Greubel Forsey GMT watch, which reportedly retails for £325,000, or about $500,000.

This interesting tidbit was mentioned rather casually by Mr. Pinault in a story which ran recently in UK’s  The Telegraph newspaper.

Source: perpetuelle via telegraph.co.uk