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richest man in italy

Many of the names on this list have had to work hard to reach the top, however. Per Business Insider, in 2019, the Belgium-based billionaire made $9.63 billion, which pushed his personal net worth up. Currently Michele Ferrero appears to be the richest man in Italy with a net worth of $19 billion which is actually enough to make him the wealthiest billionaire on … All rights reserved. Patrizio Bertelli is the husband of Miuccia Prada and CEO of the Prada family business. Despite ongoing accusations of a conflict of interest between his media and political careers, Berlusconi – in conjunction with his family – still retains control over his vast media empire. !, Job Recruitment Updates, Sports, Health, Economics, Education, Inspiration, Musics, Music Videos, MixTape, Celebrity News… Notoriously weary of industrial espionage (media are banned from entering the company’s production plants), Ferrero also produces the Kinder range of products as well as Tic Tac mints. As a result, the company – of which Pessina remains CEO and vice chairman – attracted a revenue of over $131 billion (£100.8 billion) in 2018 (subsequently replacing General Electric on the Dow Jones Index), while the pharmaceutical and retail giant currently employs over 400,000 employees worldwide. This article is an updated version of an earlier article originally published on 26 January 2015. The list of the wealthiest of Italy is a list extracted from that published by United States Forbes, which brings together the richest people every year. His latest work "Il cacciatore di luce" was released in 2016. Since 2016, the 54-year-old has relinquished his position as Ferrero’s CEO and now oversees the company’s long-term strategy as executive chairman. After taking over the family wholesaling business in Naples in 1977, Stefano Pessina – a nuclear engineering graduate from the prestigious Politecnico di Milano – decided to transform his company into Alliance Santé, guiding it through a series of large-scale mergers and acquisitions in the last 40 years to eventually create Walgreens Boots Alliance. Aside from acquiring products outside the company, Giovanni hired a CEO, Lapo Civiletti, who is not a family member. In recent years, the nutritional value of Nutella has come under scrutiny. Despite turning 84 last year, the King of Fashion shows no signs of slowing down, either. Under his watch, Campari has gone from selling niche products to acquiring some of the world’s most recognisable spirits, including Cinzano and Ouzo 12. Leonardo Del Vecchio; With a net worth of $19.1 billion, Leonardo Del Vecchio is the second richest man in Italy and the 38 th wealthiest person in the world. He is currently studying for a BSc in Computing & IT from the Open University, and has extensive experience in a variety of fields including healthcare, digital marketing and corporate finance. Silvio Berlusconi. Former Prime Minister of Italy. Aside from managing a chocolate factory, Giovanni busies himself by writing books. Since 2005, the brand has also diversified into luxury hotels, including a flagship hotel at the Burj Khalifa in Dubai. Liliane Bettencourt, France 2.3 3. In his spare time, Siôn enjoys heavy metal concerts, family walks and John le Carré novels. Although many of these Italian billionaires have had a helping hand in terms of inheritance, their business intuition, shrewd decision-making and entrepreneurial prowess has ensured that they remain firmly among the world’s richest. The young bike guy next to her is Leonardo Maria Del Vecchio, 24 year old son of the founder of Luxottica considered one of the most coveted offspring in Italy. He was also responsible for getting the Thorntons for $170 million. A sixth person on this list runs the family conglomerate founded by his father. According to Bloomberg, aside from Nutella and Ferrero chocolates, the company produces Tic-Tac, Kinder chocolates, Keebler, Famous Amos, Little Brownie Bakers cookies, Butterfinger and BabyRuth, among others, and distributes them in 170 countries. The Ferrero Group only allowed a tour of their factory in Italy once in its entire history and granted an interview with American media in 2018. Now 77, Pessina resides in Monte Carlo with his partner Ornella Barra, the co-COO of Walgreens Boots Alliance. Seven out of the first ten of Italy’s over 8,000 comuni with the richest residents are in Lombardy, according to authoritative financial and economic daily Il Sole 24 Ore. Contents hide 1 Who is the richest man in Europe 2020? While Giovanni Ferrero may not necessarily known to the general public, his brand is associated with some of the most popular confectionery productsin the world (Nutella and Ferrero Rocher, to name but two). Following the acquisition of Perfetti Van Melle’s shareholdings in 2001, the company has established itself as the third largest confectionery manufacturer in the world after Mondelez International and Mars, Inc. According to Bloomberg's 2014 rich-list, Michele Ferrero, the owner of the world’s fourth-biggest chocolate making empire producing Nutella, Kinder and Ferrero Rocher is the richest man in Italy and the 28th wealthiest person on the planet with an estimated $25.4 billion (€18.5 billion) fortune. At the time of his death at age 89, he was worth $23.4 billion, making him Italy’s richest man. In 2013, Forbes magazine described Ferrero as "the richest candyman on the planet." Michele Ferrero, Italy … The 55-year-old billionaire had different plans from his late father. Stefan Persson, Sweden 2.5 5. Italy is full of wealthy celebrities. In 2017, meanwhile, he sold the AC Milan football club (of which he had retained ownership for 31 years) to a Chinese investment group for €740 million ($835.5 million/£640.2 million). Since then, the company has acquired some of the biggest eyewear companies in the world, including Ray-Ban, Oakley and Sunglass Hut, while they continue to make frames for designer brands such as Armani, Bulgari and Chanel. An Elite CafeMedia Publisher - Update Privacy Preferences. According to the annual report of INPS, Italy’s social security agency, one out of every two “super-rich” Italians lives in Milan. Half of Italy’s multi-millionaires live in Milan. Amancio Ortega, Spain 2.2 2. Indeed, the combined total of these 10 fortunes alone is $94.7 billion (£72.9 billion)! With Milan the leading major city. 42 of the listed millionaires are Italian, and they control a grand total of $170.1 billion. Other billionaires of his generation from northern Italy include Giorgio Armani (born in 1934 in Piacenza, some 50 km from Milan) and Silvio Berlusconi (born in Milan in 1936). The outlet added that his stake in the company is worth at least $23 billion. He is ranked number 37 in India’s 'Richest' list. After building his reputation as a designer in the 1960s and 1970s, Armani finally founded his legendary eponymous label in 1975, turning it into a global powerhouse that now features over 60 stores in 37 countries. With an estimated net worth of $197 billion, he is the richest man in the world. Leonardo Del Vecchio went from the orphanage to founding a multi-billion sunglass company that allowed him to become one of the richest people in Italy. Giovanni Ferrero is the richest man in Italy with $25.4 billion net worth. She is best known for her appearance in the movies” Rain Man” and the “Hot shots” for her English speaking audience. 8 in the list of top 10 richest celebrities of Italy with an estimated net worth of US $ 10 million. Full Entertainment, News, Gossip!! In 2018, he expanded Ferrero Group’s folio to include Nestlé's U.S. candy arm in a deal worth $2.8 billion. 2 These Are The Top 10 richest people in Europe 2.1 1. On the other hand, his father Michele Ferrero died in 2015, putting the responsibility of the company in Giovanni’s hands. Del Vecchio is an orphan who started his working life as a dye and tool apprentice. Birthplace: Milan, Italy. Paolo – the younger of the two brothers – obtained his MBA from Harvard Business School in 1985, and currently serves as the company’s CEO, while Gianfelice, who also attended HBS, serves as the group’s chairman. Let’s look at the seven richest Italians. Both brothers are active in industry organisations and social groups, although Paolo, who lives in Buenos Aires, was indicted by an Argentinian court in November 2018 and forbidden from leaving the country as part of an investigation into a bribery scandal. The grandsons of industrialist Agostino Rocca, Paolo and Gianfelice Rocca are the current stewards of the Techint Group, a multinational conglomerate with interests in construction, engineering, healthcare, energy and steel production. Siôn joined the CareerAddict content team in 2017 and has written over 200 articles on a wide variety of career-related issues, including entrepreneurship, web and tech, and the modern workplace. Here is how he continued building an empire out of confectionery and chocolate spread. Estimated net worth: $7.4 billion (£5.7 billion). In Europe, the number of billionaires increased to 489 with their total cumulative net worth of $1.83 trillion. Now 83 and currently living in Milan, Del Vecchio still serves as the executive chairman of Luxottica, while his son Claudio is CEO of the prestigious Brooks Brothers clothier. Mr Ferrero leads among Italian billionaires with an impressive $23 Bn. Michele Ferrero, former Italy’s richest man If you asked Italians ‘Who is the richest man in Italy?’, they will certainly answer ‘Berlusconi’: whereas he is certainly one of the greatest tycoons of Italian and world economy, Berlusconi is, in fact, not the richest man of the country. He is still responsible for the day-to-day running of the company and is yet to name a successor for when he eventually steps down. These are the richest people in the world! Estimated net worth: $8.5 billion (£6.5 billion). Enter your e-mail address: Follow Us: So, if you’re wondering who has amassed the biggest fortune, then read on – here are the 10 richest Italians, according to Forbes. The two brothers – who are both notoriously media-shy – now live in Switzerland and maintain no involvement in the day-to-day running of the business. Leonardo was born in Milan and is one of a series of Italian billionaires of similar age and heritage. Patrizio Bertelli $5.83 billion. List of the Richest People in Italy. Find out who lives near you with our celebrity finder. If most of the billionaires on this list were given a rather large helping hand by their parents, then consider the case of Leonardo Del Vecchio. Starting in the late 1970s, Silvio Berlusconi built media group Fininvest into a national force, importing American shows like 'Baywatch' to Italy. Below the list of 20 richest persons in Europe. The richest among the Rothschilds was the head of its English branch—Nathan Mayer Rothschild (d. 1836)—the richest person of his time. You probably won’t be surprised to know that Italy’s richest man is connected to the Country’s food&beverage industry. Gianfelice Rocca estimated net worth is US $ 6.1 billion and he is the last richest person in the list of top 10 richest person of Italy. 1 Michele Ferrero -- Net Worth: $26 Billion Via style43.ru Ferrero is the richest Italian and the 20 th wealthiest person in the world. Indeed, the combined total of these 10 fortunes alone is $94.7 billion (£72.9 billion)! He used to run the company with his brother Pietro Ferrero as co-CEO until the latter’s untimely passing in 2011. However, in December 2018, the Court of Appeal in Florence overturned this verdict, clearing the siblings of any wrongdoing. The family has not been without controversy, though. Educated at the renowned Bocconi University business school in Milan, Luca Garavoglia has served as the chairman of the Campari Group since 1994, taking responsibility for the beverage giant’s aggressive acquisition and growth strategies of the late 1990s and early 2000s. These days, he can be found putting this knowledge to use as the editor-in-chief of our sister site StartingBusiness.com. Estimated net worth: $19.8 billion (£15.2 billion). Brembo / BloombergPaolo (left) and Gianfelice Rocca, Estimated net worth: $4.1 billion (£3.2 billion). Built entirely upon a secret cocoa-hazelnut recipe called Pasta Gianduja – or, as the rest of the world now calls it, Nutella – the Ferrero empire is a global multibillion-dollar venture that is currently headed up by Giovanni Ferrero, the grandson of company founder Pietro. Caffeine aficionados will likely be familiar with De’Longhi coffee, of which Giuseppe – president of parent company De’Longhi SpA – is in charge. Gender: Male Religion: Roman Catholic Race or Ethnicity: White Sexual orientation: Straight Occupation: Head of Stat. Although many of these Italian billionaires have had a helping hand in terms of inheritance, their business intuition, shrewd decision-making and entrepreneurial prowess has ensured that they remain firmly among the world’s richest.. Michele Ferrero, who built his father's sweets company into a global candy empire best known for its Nutella chocolate hazelnut spread, passed away in February 2015 at age 89. One of the most controversial and enigmatic characters in Italian and European politics, Silvio Berlusconi made his fortune through his media conglomerate Fininvest, before serving the first of his three terms as Prime Minister of Italy in 1994. Journey To Billions. But the richest person in Italy by far is the family of the man who invented Nutella. Let us know in the comments below! Mangia! As the widow of pharmaceuticals magnate Alberto Aleotti, Massimiliana – along with their children Lucia and Alberto Giovanni – inherited control of the influential Menarini Group in 2014, with Massimiliana retaining overall ownership. In 2017, a deconstructed photo of its ingredients went viral and some fans of the spread were shocked by its high sugar content. Giovanni Ferrero is the richest man in Italy and the secretive billionaire behind the Ferrero Group. address: The Black Church, St. Mary’s Place, Dublin 7, Ireland. Since then, Il Cavaliere (The Knight) has been embroiled in numerous blackmail, corruption and tax fraud scandals, culminating in a (later rescinded) court order banning him from running for political office in 2014. And the higher the bar is set to define top earners, the more they are concentrated in the north, especially in urban areas. Following the death of his mother Rosa in 2016, it was announced that Garavoglia would inherit her shares, making him the controlling stakeholder of the Campari business. Born into poverty in 1935, the eyewear magnate was sent to an orphanage at age 7, before apprenticing at a parts factory at age 14 to make ends meet. Currency conversions are based on rates supplied by XE.com. Lucia and Alberto Giovanni (installed as chairman and vice-chairman, respectively) were convicted of tax fraud and money laundering in 2016, receiving prison sentences of 10 and 7.5 years. Europe is the continent with many richest countries and hundreds of billionaires. Bernard Arnault, France 2.4 4. May 19 (Bloomberg) -- Half a century ago today in the tiny Italian town of Alba, something special was happening: the first batch of Nutella was being made. In a country that is iconic for its exuberant luxury, including high-end Milanese fashion, traditional cuisine and Tuscan wine, it’s perhaps not surprising that Italy is also home to some of the world’s wealthiest people. Here is how he continued building an empire out of confectionery and chocolate spread. As the co-owners of confectionary giants Perfetti Van Melle, brothers Augusto and Giorgio Perfetti are responsible for providing the world with a number of renowned products; Mentos, Fruittella and Chupa Chups (acquired in 2006) are all now produced under the Perfetti Van Melle umbrella. Ferrero’s family controls the Ferrero Group, which is responsible for making Nutella and Ferrero chocolates. Ferrero himself is married with two children and currently resides in Brussels, Belgium. Amancio Ortega Amancio Ortega is a business magnate, the richest person in Europe and Spain […] 2017. He remains the executive chairman of Ferrero and is more focused on corporate strategy. Estimated net worth: $6.5 billion (£5 billion). Estimated net worth: $3.8 billion (£2.9 billion). ©2021 DeltaQuest Media. Nutella produced from Italy, priced at 6.25 BAM, are displayed for sale at a FIS supermarket in Vitez. Valeria Golino is the Italian director and the former actress she is ranked at No. Italian entrepreneur among 100 richest persons in the world When compared to the global ranking of billionaires, the Italian founder of Luxottica ranked in the 38th position. Plan your next corporate event in It… 1. Silvio Berlusconi is the richest man in Italy and the thirty-seventh richest in the world. Under Giovanni’s astute leadership, the company has since added several Nestlé brands, as well as numerous confectionery brands in the North American market, to this impressive portfolio. What would you do with that kind of money? CareerAddict is a registered trademark of DeltaQuest Media. Maker Of Nutella, Ferrero Rocher Hiring 60 Tasters, Discounted Nutella Sparks Heated Fights Among French Shoppers, Facebook Yet To Explain Outages In WhatsApp And More, Europe Resumes AstraZeneca Jabs As Paris Prepares For Lockdown, Texas Roadhouse Founder Kent Taylor Unexpectedly Dies At 65, Rising Prices Can't Stop US Real Estate Boom, Seresto Flea Collars Pulled Amid Pet Death Claims, Davis Smith Wanted A Company That Would 'Do Good' by Respecting People – It Worked, Ed Bastian: How Flying The High Road Helped Delta Navigate Pandemic, Giovanni Ferrero is the executive chairman of Ferrero Group, He has an estimated net worth of $25 billion, The Ferrero Group made $12.6 billion revenues in 2019. Estimated net worth: $22.4 billion (£17.2 billion). If the current sales of chocolates under the Ferrero Group were to be considered, then the plan seems effective. On the personal side, he is married to European Commission official Paola Rossi, but the family is known to be ultra-secretive. Giovanni Ferrero is the richest man in Italy with $25.4 billion net worth. It estimated the wealth of Ferrero and his family to be $20.4 billion (14.9 billion euros), the largest in Italy. After selling off his family run Pharma business Ranbaxy for USD 4.8 Billion, Singh is leading Religare Financial Services and Fortis Health Care services. This makes the Ferrero Group the second largest chocolate maker in the world. Estimated net worth: $6.3 billion (£4.8 billion). So far, he has penned eight novels that feature African themes. As you will see, these billionaires and business tycoons come from all types of backgrounds, having found success in industries as diverse as confectionery, eyewear and designer goods. Karl Albrecht, Germany 2.6 6. Under Giuseppe’s charge, the company has struck successful distribution and manufacturing deals with other market giants, such as Kenwood and Braun, while the family line looks safe; son Fabio is the company’s current CEO. Estimated net worth: $3.5 billion (£2.7 billion). Jeff Bezos is the CEO and founder of Amazon, the world's largest retailer, and founder of Blue Origin. Although his name is now a global byword for luxury and exuberance, Giorgio Armani’s early years couldn’t have been more different. Born into a working-class Piacentini family, the fashion mogul spent time at medical school as well as in the army, before finding work as a window dresser in a Milan department store in 1957. As owner of Schwarz-Gruppe, Dieter Schwarz runs budget supermarket chain Lidl and German hypermarket chain Kaufland, and is the richest man in … Originally set on attending design school, Del Vecchio instead utilised his metalworking skills to start a spectacle-making business, creating the now-legendary Luxottica in 1967. Michele Ferrero believed that it is better to build in-house brands but when his Giovanni took over, the latter began acquiring business assets. The billionaire media mogul was knocked off the top of Forbes’ list of the richest Italians by the man behind Tic Tac sweets and chocolate spread Nutella, Michele Ferrero. Experts claim that the company is safeguarding its secrets against "industrial espionage.". Estimated net worth: $12.4 billion (£9.5 billion). Although the company, founded in Treviso in 1902, originally made its fortune producing heaters, air conditioners and home appliances, it is in 1990 that they became a household name, producing the high-quality coffee machines with which the family name is now synonymous. 548227, reg. Card payments collected by DeltaQuest Media, company no. Not many are known how the company operates and its leaders maintain safe distance from the media. Reports stated that the company made $12.6 billion revenues in 2019.

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