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Billionaire Hassanein Hiridjee's Fondation H to close Paris space

Fondation H, the contemporary art foundation created by Franco-Malagasy business magnate Hassanein Hiridjee, will close its exhibition space in Paris in September to concentrate exclusively on the African continent, the foundation confirmed to Billionaires.Africa.The decision ends a five-year presence in the French capital and marks a strategic pivot rather than a retreat. Instead of dividing resources between France and Madagascar, the foundati…
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A strategic turn towards the continent. Five years after its establishment in the Marais district of Paris, the H Foundation, created by the Franco-Malgache billionaire Hassanein Hiridjee (PDG of the Axian group), will close its French exhibition space in September 2026. Malagasy billionaire Hassanein Hiridjee tightens the international presence of its foundation of contemporary art around the African continent. The H Foundation turns the page o…

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Billionaires.Africa broke the news on Tuesday, July 21, 2026.
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