The seven richest people in Italy are worth a combined $ 98.4 billion. His fortunes were made in everything from candy to sunglasses, to fashion. It seems fitting for an article about Italy’s richest people that three of the five wealthiest Italians are from the fashion industry. A fourth is in eyewear, which by extension can also be considered the fashion industry. Also fitting in Italy, another person on this list is a former politician and media tycoon widely known for being a criminal criminal and a convicted tax thief. A sixth person in this list runs the family group established by his father. But by far the richest person in Italy is the family of the man who invented Nutella. Mangia! Let’s look at the seven richest Italians.
Patrizio Bertelli $ 5.83 billion
Patrizio Bertelli Miuccia is Prada’s husband and CEO of the Prada family business. Around the same time as Miuccia joined Prada in the late 1970s, he met a man named Patricio Bertelli. Patrizio was a leather goods entrepreneur who became one of Prada’s largest suppliers. They fell in love and married in 1987. Bertelli’s influence on Miutia and Prada was immediate. He was the one who encouraged Miukia to expand the fashion house’s lines beyond leather goods to footwear and ready-to-wear apparel. Prada formerly owned a secluded flagship store in Milan, but started in 1986, opening stores in New York, London, Paris, Madrid and Tokyo. Prada currently has more than 618 stores worldwide.
Miuccia Prada $ 5.85 Billion
Miuccia Prada, the multi-billionaire successor running the fashion label Prada, was initially not aspiring to be a fashion designer or even a businessman. Early in his life, Mario Prada’s granddaughter had no intention of setting foot in a globally successful fashion house founded in 1913. Instead of studying fashion or design in college, Miuccia Prada earned a doctorate in political science. University of Milan. But his ambitions were not in politics either. No, as crazy as it sounds, Miudia Prada, the multi-billionaire successor Ph.D. In his back pocket, there wanted to be a lime. In 1978, five years after living the mime life, Miukia finally regained consciousness and joined the family business. Miukia Prada is the granddaughter of Mario Prada, the man who founded the famous fashion house in 1913 as a manufacturer of leather goods. Today Miuccia owns 28% of Prada and runs it with her husband Patrizio Bertelli. Since assuming the company in the late ’70s, Miuccia has brought Prada to global prominence through strategic expansion, the addition of new product lines and savvy branding.
Giorgio Armani $ 8.01 billion
Fashion designer Giorgio Armani started his empire in the mid-1970s. Armani actually studied for two years to become a doctor at Piacenza University. After completing his military service he left the university and went to work at La Renaissant, a famous department store in Milan. He then joined Nino Seruti’s staff as a designer. Armani started doing freelance design work for other companies as well. Armani founded Giorgio Armani Spa in July 1975 and started a line of women’s and men’s clothing. The clothes were revolutionary at the time, introducing a more natural fit and using a subtle color palette. Armani did not make a big splash in America until 1980 when his clothes were featured on major television shows. It was not long ago when many top Hollywood stars were wearing Armani on the red carpet, including Michelle Fifer, Jodi Foster and John Travolta. Armani further expanded its operations and by the late 90s, Armani had more than 2,000 stores worldwide and annual sales of approximately $ 2 billion. His company expanded into the home goods market as well as book publishing.
Silvio Berlusconi $ 8.3 billion
Silvio Berlusconi is the former Prime Minister of Italy, entrepreneur and media tycoon. He is one of the longest serving Prime Ministers of Italy. Berlusconi also owns Italian football club AC Milan and remains Italy’s “oldest playboy” who continues to make headlines at the age of 84. Berlusconi coming from a lower-middle class family, he studied law in Milan and worked as a singer in cruise ships and nightclubs. After successfully obtaining a small loan from a local bank, he supervised the construction of small-scale projects in the city of Milan and later built “Milano Two”, a building with 4,000 residential apartments in the east of the city. Berlusconi first entered the world of media by setting up a small cable television company called Telemilano in 1973. Soon, he began accumulating a fortune through Fininvest, which places bets in Italy’s largest media company, Mediaset; Mediolinum Financial Services Company, founded by Italian billionaire Ennio Doris; Mondadori, one of the largest publishing houses in Italy; Medusa, the filmmaker, and AC Milan, which was almost a bad football club when Berlusconi bought it in 1986. In 1993 Berlusconi ran for prime minister under his newly formed political party Forza Italy (Go Italy). Since, he has served four times as Prime Minister of Italy from 1994 to 1995, 2001 to 2006, and from 2008 to 2011. Holding the office of Prime Minister for a total of nine years, Berlusconi is the third longest serving serving since the unification of Italy. , Followed by Benito Mussolini and Giovanni Giolitti.
Paolo Rocca and Family $ 10.9 Billion
Paolo Rocca shared his net worth with his brother Gianfelis Mario Rocca. Paolo Rocca is the chairman of the Italian-Argentine group founded by his father Roberto and CEO of Techint. Paolo Roca was already a graduate of Harvard Business School, when he joined the family business in 1985. First, he served as his father’s assistant and five years later he became the company’s executive vice president. Techint Group is now a global leader in seamless steel pipe production for the oil industry. But aside from the steel production company, it is an engineering and construction company, an oil and gas exploration company, as well as a network of hospitals in Italy.
Leonardo del Vecchio $ 26.6 billion
Unlike many of the world’s wealthiest people, Leonardo del Vecchio did not inherit his fortune and develop it. When Leonardo was five months old, his father died. Her mother was poor and struggled to take care of her, so she left her at an orphanage at the age of seven. When he was 14 years old, he got a job in a factory to make enough money to survive. Leonardo del Vecchio went from an orphanage to establish a multi-billion sunglasses company, which allowed him to become one of the richest people in Italy. Del Vecchio probably has the distinction of being the first person who thought that eyewear could also be a fashion statement. He instinctively understood that glasses were not only for better vision, they were also an extension of the wearer’s personality and style. He founded Luxottica in 1961 after working for another eyeglass company. By 1974, Dell Vecchio was acquiring companies to expand Luxottica’s holdings. By the late 1980s, he was establishing lucrative license deals. In the early 1990s, he was acquiring the distribution and retail businesses in the eyewear business. It is safe to say that all the glasses you are buying in the world today are either owned or manufactured by Luxottica. It is also very likely that the shop from which you buy your glasses is owned by Luxottica.
Giovanni Ferrero and Family $ 32.9 Billion
The Ferrero family’s net assets come from the family business – Ferrero Spa – with Nutella’s makers and other sweet treats. Pietro Ferrero was a pastry chef born in Italy in 1898. He ran a confectionery with his wife Pierra. The couple’s son, Michelle, was born in 1925. Italy had a ration of cocoa during World War II, making chocolate very difficult to obtain. This put Ferrero’s confectionery in a bumpy place. Then Pietro got an idea. To lengthen his limited supply of cocoa and make it last, he began cutting his chocolate products with hazelnuts. This nut was plentiful in northwestern Italy, and as such, was very easy to obtain.
The locals of the city loved Pietro’s new creation, so he and his brother Giovanni founded the Ferrero Spa. Before long, the Ferrero brothers had converted their small Northern Italy pastry shop into a confectionery. Giovanni built the company’s sales network and is credited with establishing the company’s global reach and distribution capabilities. Pietro died in 1949 and his son Michel took over the family candy empire.
In 1963, Mitchell reintroduced her father’s hazelnut chocolate cream Nutella throughout Europe. Several years later, Michelle started the Kinder Chocolate line. Known as the “Kinder Surprise”, there is a small toy inside each chocolate. Under the leadership of Michele Ferrero, Ferro Spa introduced a number of new products and lines, including Ferrero Rocher, Mon Cherry and Tic Tac.
Today Ferrero SpA is the second largest chocolate manufacturer in the world, with more than 30 brands under its umbrella. Michele’s son Giovanni is the executive chairman of the Ferraro SPA, focusing on the long-term strategy.