Background
Falcone is the son of Pierre Falcone senior, who created Papa Falcone, a fully integrated operation in the fish industry in Algeria.
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Pierre Falcone
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His parents moved from Algeria along with other French citizens when the country chose independence in 1962 (Independence of Algeria). Falcone studied Law and Economics at the University of Aix-en-Provence (France) from 1973 to 1975.
Career
He is the Chairman of Pierson Capital Group. Falcone moved to Brazil in 1977 at the age of 24, he soon started a business in trading agricultural products. He developed a wide portfolio of clients and partners throughout South America in the following years which led him to represent several French and Chinese companies in countries such as Brazil or Mexico.
In 1988 Falcone moved to China in 1988 where he later founded and headquartered his company Pierson Capital Asia.
He started his Chinese operations with consulting services for leading European companies looking to establish themselves in China. He negotiated the first insurance authorization granted by China to a Western company for French giant AXA Investment Managers as well as the involvement of Aerospatiale in the making of the first Chinese communication satellite.
In 1993, the government from Angola was facing a guerrilla movement backed up by South Africa called the UNITA. The Unita was then labeled as a terrorist organization by the United Nations Security Council. Pierre Falcone managed to negotiate the financing of the then besieged legitimate government of Angola.
The company he heads, Pierson Capital Group, invests in hotels, real estate developments, agriculture and agroindustrial projects, oil, gas, and personal authentification systems
Pierson Capital Group and has over 2600 employees and three main operations in Beijing (China), Luanda (Angola) and Mexico City (Mexico). The delivery of weapons to the Angolan government led to a trial known as Angolagate in France, which was due to political strife within the French government at the time. In 2011, the charges against Falcone were dropped by an appeals court after he had served half of his sentence in a French prison.
The appeals court acknowledged that Falcone had been officially mandated by the legitimate Angolan government to acquire arms as well as food and medicine.
Pierre Falcone is married to former Mission Bolivia and artist Sonia Falcone. They have three children.
