Vincent Bolloré runs his family's conglomerate Bolloré Group, which was founded in 1822 as a paper manufacturer of cigarettes wrappers and bibles. After a quick stint at Edmond de Rothschild bank, Bolloré took control of the struggling group in 1981 and turned it into a global giant. The group, which is active in media, advertising, shipping, construction and logistics, owns a majority stake in telecom conglomerate Vivendi. In 2018, French officials reportedly launched an investigation into Vincent Bolloré's dealings for alleged corruption. His group denied involvement. In December 2019, Vivendi agreed to sell a 10% stake in its Universal Music Group to billionaire Ma Huateng's Tencent Holdings.
