Gucci Honcho Forks Over $32M ... for 2-Bedroom Home

Francois Pinault buys quite the London residence
By Kate Seamons,  Newser Staff
Posted Nov 14, 2011 11:07 AM CST
Francois Pinault, father of Francois-Henri Pinault, talks on a mobile phone as he prepares to board a boat to celebrate the wedding of his son with Salma Hayek, in Venice, Friday, April 24, 2009.   (AP Photo/Antonio Calanni)

(Newser) – There are extravagant home purchases and then there are extravagant ones: French billionaire François Pinault just forked over $32 million for a London home. The eyebrow-raising detail? It has just two bedrooms. Pinault, father of Salma Hayek's hubby, is the head honcho of PPR, the luxury goods company that owns Gucci and Stella McCartney, reports the Telegraph. His new Chelsea abode may be short on bedrooms, but it does have some other perks, explain neighbors, including "one of the few triple-height ceilings in London." Maybe bunk beds are in order?

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