The 37-year-old model and actor was rushed to hospital in serious condition after the incident on Tuesday at the Rosière ski area in Savoie.
Ulliel, known for his appearances in advertisements for Chanel perfumes as well as film and television roles, suffered serious head injuries in the crash, local TV channel France Bleu said.
His family confirmed his death in a statement on Wednesday.
According to reports, the actor collided with another skier at a crossing point on the slopes.
Ulliel was airlifted to a hospital in Grenoble following the horror collision — but the other skier involved was not taken to hospital.
An investigation is underway into this tragic accident, said the Savoy prosecutor’s office.
Mountain cops reportedly responded to multiple crashes in the area in recent days due to hard snow and ice on the slopes.
Ulliel starred as young Hannibal Lecter in 2007’s Hannibal Rising and fashion mogul Yves Saint Laurent in the 2014 biopic Saint Laurent.
He was also in the upcoming Marvel series Moon Knight and he was the face of Chanel Bleu de Chanel men’s fragrance.
Ulliel won a César — the French equivalent of an Oscar — for best actor in 2017 for It’s only the end of the world in which he starred alongside Marion Cotillard and Léa Seydoux.
He had already won a César in 2004 for the most promising actor after appearing in the First World War drama A Very Long Engagement alongside Audrey Tautou.
French Finance Minister Bruno Le Maire said on Twitter: “French cinema is losing immense talent, full of charm and energy.”
The actor’s death comes after a five-year-old girl was killed on Saturday when a skier rammed her.
The man was indicted for manslaughter, according to the prosecutor of Haute-Savoie, who indicated that excessive speed was the probable cause of the accident.
Formula 1 legend Michael Schumacher was also airlifted to hospital in Grenoble after a horrific skiing accident on the slopes above Meribel in the French Alps in 2013.
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