Pierre Papillaud

Pierre Bernard Papillaud (1 July 1935 – 13 June 2017)[2] was a French billionaire businessman.

Pierre Papillaud
Born
Pierre Bernard Papillaud

(1935-07-01)1 July 1935
Vignonet, Gironde, Nouvelle-Aquitaine, France
Died13 June 2017(2017-06-13) (aged 81)
Alençon, France
NationalityFrench
OccupationBusinessman
Net worthUS$1.31 billion (2016)[1]

Early life

Pierre Papillaud was born in Vignonet, a small village in Gironde.[3] His grandmother owned two cows.[3] During World War II, his father, who served as an officer in the French Army, was caught by the Nazis in Belgium.[3]

Career
A bottle of Cristaline water.

Papillaud owned 51% of the Alma Group,[1][4] which sells mineral water under the brandnames of Cristaline, MontBlanc, Saint-Yorre, Rozana, Chateldon and Vichy Célestins.[5] In 2008, he sold the other 49% to the Japan-based Otsuka Pharmaceutical for US$1.2 billion.[1]

According to Forbes, he was worth an estimated US$1.31 billion as of 2016.[1] He was the 67th richest person in France (2016).[6]

In April 2016, Papillaud's name was mentioned in the Panama Papers through a power-of-attorney for Krewitt, a company based in the British Virgin Islands.[7]

In September 2016, the New York Times reported that Pierre Papillaud demanded that the town of Weed, California give up its only water source so that Papillaud's bottle water company could have more water to sell as Cristaline.[8]

Personal life

Papillaud lived in Paris, France, until his death on 13 June 2017.

References
  1. "The World's Billionaires: #1476 Pierre Papillaud". Forbes. Retrieved April 17, 2016.
  2. (in French) "Pierre Papillaud", BFMTV.com. Retrieved May 12, 2017.
  3. Huord, Pascal (January 13, 2016). "Pierre Papillaud : un patron qui fait des bulles". Charente Libre. Retrieved April 17, 2016.
  4. "Pierre Papillaud et sa famille". Challenges. Retrieved April 17, 2016.
  5. Parrino, Béatrice (December 15, 2015). "Le roi de l'eau se met à table". Le Point. Retrieved April 17, 2016.
  6. (in French) "Les 500 plus grandes fortunes de France en 2016 : Pierre Papillaud et sa famille", challenges.fr. Retrieved May 12, 2017.
  7. ""Panama Papers": Une quinzaine de grandes fortunes françaises liées à des sociétés offshore". 20 Minutes. April 9, 2016. Retrieved April 17, 2016.
  8. Fuller, Thomas (1 October 2016). "Timber Company Tells California Town, Go Find Your Own Water". The New York Times Company. Retrieved 2 October 2016.


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