The combined wealth of Italy’s top seven earners is $98.4 billion. They made their fortunes in a variety of industries, including candy, sunglasses, and fashion. The fact that three of the top five Italian billionaires are from the fashion business seems appropriate for a story about the wealthiest individuals in Italy. The fourth is in the field of eyeglasses, which is usually referred to as the fashion sector. Another person on this list, who is also appropriate for Italy, is a former politician and media mogul who is well-known for being a persistent offender and convicted tax evader. The sixth person on this list is in charge of the business empire his father established. The family of the man who created Nutella, however, is by far the wealthiest people in Italy. Mangia! The seven wealthiest Italians will be examined.
Bertelli, Patrizio 5.733 trillion
Miuccia Prada’s husband and the head of the Prada family business is Patrizio Bertelli. She met Patrizio Bertelli at the same time Miuccia joined Prada in the late 1970s. Entrepreneur who specialized in leather goods, Patrizio became one of Prada’s principal suppliers. They got married in 1987 after falling in love. Bertelli had an instant impact on Miuccia and Prada. He was the one who persuaded Miuccia to broaden the product offerings of the design house to include ready-to-wear clothing and footwear in addition to leather items. Prada formerly owned a solitary flagship store in Milan, but starting in 1986, opened stores in New York, London, Paris, Madrid, and Tokyo. Currently, Prada operates 618 outlets across the globe.
Prada Miuccia $5.605 trillion
Miuccia Prada, the multi-billionaire heiress who owns the fashion house Prada, was not always drawn to careers in business or fashion design. Mario Prada’s granddaughter didn’t have any plans to enter the 1913-founded, highly successful fashion brand throughout the majority of her early years. Miuccia Prada obtained a degree in political science from the University of Milan rather than majoring on fashion or design in college. Her goals weren’t political, either, though. No, as crazy as it sounds, Miuccia Prada, the multi-billionaire heiress with a Ph.D. in her back pocket, wanted to be a mime. After living the mime life for five years, Miuccia finally woke up in 1978 and decided to join the family business. Mario Prada, who established the renowned design firm in 1913 as a maker of leather products, is the grandfather of Miuccia Prada. Today, Miuccia Bertelli and her husband Patrizio Bertelli jointly own 28 percent of Prada. Since taking over 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.
$8.01 billion Giorgio Armani
Midway through the 1970s, fashion designer Giorgio Armani started his empire. Actually, Armani attended the University of Piacenza for two years to pursue his doctoral degree. He left the university after finishing his military service and began working at La Rinascente, a renowned department store in Milan. He then became a designer on Nino Cerruti’s crew. Armani also started working as a freelance designer for other businesses. In July 1975, Armani formed Giorgio Armani S.p.A. and debuted a range of apparel for both men and women. The clothing was unique at the time because it used a subdued color scheme and a more natural fit. Armani didn’t become a household name in America until 1980, when his clothing was featured on prominent television programs. It didn’t take long for John Travolta, Michelle Pfeiffer, and other prominent Hollywood figures to be spotted on the red carpet sporting Armani. By the end of the 1990s, Armani had further expanded his business and had over 2,000 outlets globally with yearly sales of about $2 billion. His business extended into book publishing and the home goods industry.
Giovanni Ferrero, as depicted in this AFP/Getty Images photo by Giuseppe CACACE
Mr. Berlusconi 8,3 billion
Former Italian Prime Minister, businessman, and media mogul Silvio Berlusconi. He is one of the post-war Italian prime ministers with the longest tenure. At 84 years old, Berlusconi continues to make headlines as Italy’s “oldest playboy” and owner of the Italian football team A.C. Milan. From a lower middle class background, Berlusconi studied law in Milan and performed as a singer on cruise ships and in nightclubs. He oversaw the development of modest projects in Milan after securing a minor loan from a nearby bank, and eventually erected “Milano Two,” a structure with 4,000 apartments east of the city. In 1973, Berlusconi founded a modest cable television firm called Telemilano to make his media debut. He soon began to amass wealth through Fininvest, which owns shares of Mediaset, the largest media company in Italy, Mediolanum, the financial services firm founded by Italian billionaire Ennio Doris, Mondadori, one of Italy’s largest publishing houses, Medusa, a film production company, and A.C. Milan, a football team that was almost bankrupt when Berlusconi acquired it in 1986. Berlusconi’s newly founded political party Forza Italy supported his 1993 attempt to become prime minister (Go Italy). Since then, he has held the position of prime minister of Italy four times: in 1994–1995; in 2001–2006; and in 2008–2011. Berlusconi, who served as prime minister for a total of nine years, is Italy’s third-longest-serving leader since the country’s unification, behind Benito Mussolini and Giovanni Giolitti.
the Rocca family, Paolo $9.9 billion
Gianfelice Mario Rocca, Paolo Rocca’s brother, and he jointly own the same amount of money. Paolo Rocca is the Chairman and the CEO of Techint, an Italian-Argentine conglomerate founded by his father Roberto. When Paolo Rocca joined the family firm in 1985, he had already earned his MBA from Harvard Business School. He started out helping his father as an assistant, and five years later he was promoted to executive vice president. Presently, the production of seamless steel pipes for the oil sector is led globally by the Techint Group. But aside from the steel production company, it also has an engineering and construction company, an oil and gas exploration company, as well as a network of hospitals in Italy.
Del Vecchio, Leonardo USD 26.6 billion
Leonardo Del Vecchio did not inherit his wealth and build it, in contrast to many of the richest people in the world. Leonardo’s father passed away when he was five months old. When he was seven years old, his mother abandoned him at an orphanage because she couldn’t afford to care for him. He began working at a factory when he was 14 in order to support himself. From an orphanage to the founding of a multi-billion dollar sunglasses business, Leonardo Del Vecchio rose to become one of the wealthiest persons in Italy. Del Vecchio holds the distinction of having likely been the first to consider eyewear as a possible fashion statement. He saw right away that wearing glasses was more than just improving vision; they also served as an extension of the wearer’s personality and sense of style. After spending several years working for another eyeglass manufacturer, he started Luxottica in 1961. Del Vecchio began buying businesses in 1974 to increase Luxottica’s holdings. He was striking up profitable licensing deals by the late 1980s. He began acquiring distribution and retail companies in the eyewear industry in the early 1990s. It is safe to assume that Luxottica owns or manufactures every pair of glasses you purchase in the modern world. Additionally, there is a good chance that Luxottica owns the store where you buy your glasses.
Giovanni Ferrero and family 33,9 billion
The family firm, Ferrero SpA, which produces Nutella and a variety of other sweets, is where the Ferrero family derives their wealth. Italian-born pastry chef Pietro Ferrero was born in 1898. He ran a confectionery shop with his wife Piera. Michele, the couple’s son, was conceived in 1925. During World War II, cocoa was rationed in Italy, making chocolate quite difficult to come by. This put the candy store Ferrero’s in a difficult situation. Then Pietro had an idea. He started slicing hazelnuts into his chocolate goods to extend the shelf life of his limited cocoa supply. It was simple to find this nut because it was so common in northwest Italy.
The locals in town absolutely loved Pietro’s new creation, so he and his brother Giovanni founded Ferrero SpA. The Ferrero brothers quickly converted their little pastry shop in Northern Italy into a candy factory. In addition to creating the company’s sales network, Giovanni is credited with giving it a global presence and distribution capabilities. After Pietro’s death in 1949, Michelle took over the family’s confectionery business.
The hazelnut chocolate cream created by Michele’s father was renamed Nutella in Europe in 1963. Later on, Michele introduced the Kinder Chocolate brand. Each chocolate in the “Kinder Surprise” series contains a miniature toy. Under Michele Ferrero’s leadership, Ferrero SpA introduced many new products and lines, including Ferrero Rocher, Mon Cheri, and Tic Tac.
With more than 30 brands under its belt, Ferrero SpA is currently the second-largest chocolate manufacturer in the world. Michele’s son Giovanni is the Executive Chairman of Ferraro SpA, focusing on long-term strategy.
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