People Staff
January 30, 2008 AT 04:00 PM EST

Break out the champagne! According to a U.S. magazine, Mexican actress Salma Hayek and her fiancé François-Henri Pinault are the richest couple in Hollywood. The fortune of Valentina Paloma’s parents is staggering, due in large part to the exclusive clothing brands his company PPR promotes.

Gucci, which owns brands like Yves Saint Laurent and Balenciaga, is just one of the subsidiaries of the 45-year-old French businessman’s company, which is estimated to be worth $1.2 billion.

Even though Hayek, 44, profits from her hit TV series Ugly Betty (ABC), her earnings are meager compared with those of her fiancé. The actress/producer can rest easy that she and little Valentina won’t have to worry about money.

Other celebrity pairs on the list are: singer Justin Timberlake and his girlfriend Jessica Biel; music producer and Simon Cowell and TV presenter Terri Seymour; and Jessica Simpson and Dallas Cowboys football star Tony Romo.

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