What is Pierre Papillaud's Net Worth?
Pierre Papillaud is a French businessman who has a net worth of $1.6 billion. Pierre Papillaud made his fortune in the bottled-water business. Once the biggest single shareholder in Roxane, France's third largest producer of bottled mineral water, he decided to sell most of his share in 2008.
Precisely speaking, Papillaud sold 49% of the company to Otsuka Pharmaceutical, the Japanese producer of Pocari Sweat sports drink, for $1.15 billion. In 2012, Roxane decided to buy a major stake in competitor Saint Amand. Nowadays, the group has 3,000 employees in 34 factories around France, producing approximately 4 billion bottles per year under such brands as Cristaline and Mont Blanc water.
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