Philippe Ginestet Net Worth

Philippe Ginestet has an estimated net worth of $1.9 billion, according to Forbes Real-Time Billionaires, Philippe Ginestet profile (figures as of October 20, 2026). That is down from a peak of $2.4 billion.

Philippe Ginestet is a French businessman and the founder, chairman and owner of GiFi, a discount chain known for low prices on household goods. He was born on 15 April 1954 in Sainte-Livrade-sur-Lot, in the Lot-et-Garonne department of southwestern France, and lives in Pujols. His home region in the southwest remains the base of his business life.

He founded GiFi in 1981 and still chairs it, while his son Alexandre Ginestet is the CEO. The name GiFi is a patronym that combines the first syllables of his last name and first name. Outside retail, Ginestet owns a chateau in France dating back to the 16th century, which he painted in various colors and reopened as a hotel.

Forbes describes him as self-made. He built his fortune from a single business idea, selling cheap everyday goods, and kept the company under family control. His son now runs the company day to day, while Ginestet remains chairman and owner.

How Philippe Ginestet made his money

GiFi sells household goods, the majority of which cost less than five euros. That simple formula helped the chain grow across France. Groupe Philippe Ginestet now runs over 700 stores in France and Belgium, and Forbes estimates GiFi's annual revenue at $2 billion. Its stores focus on decoration, household items and small everyday purchases at prices most shoppers can afford.

In 2017 GiFi acquired Tati, a famous French discount chain often identified by its bright pink logo. The deal brought one of the best known names in French discount shopping into his group. Because the company is privately owned, his fortune is a Forbes estimate of the value of his stake in the business.

How Forbes has valued Philippe Ginestet

Forbes valued Ginestet at $2.4 billion in 2019, $2.2 billion in 2020 and $2.1 billion in 2021. His figure dropped to $1.6 billion in 2022 and $1.5 billion in 2023.

It recovered to $1.7 billion in 2024 and 2025 and reached $2 billion on the 2026 World's Billionaires List. As of October 20, 2026, the Forbes real-time billionaires tracker showed $1.9 billion. The steady figures reflect a business that depends on everyday spending by shoppers looking for bargains. Since 2019 his figure has stayed within a fairly narrow range, never falling below $1.5 billion.