Women’s Wear Daily
04.17.2014
fashion-scoops
fashion-scoops

Spotlight on Italy's Billionaires

According to research published by Banca d’Italia, the wealth of the 10 richest Italians corresponds to the combined wealth of the poorest 3 million citizens.

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ITALIAN WEALTH: According to research published by Banca d’Italia, Italy’s central bank, the wealth of the 10 richest Italians corresponds to the combined wealth of the country’s poorest 3 million citizens. Banca d’Italia’s Giovanni D’Alessio, who compiled the research, also highlighted that 10 percent of the richest Italian families own more than 40 percent of the country’s total net wealth.

Rome-based daily newspaper Il Messaggero turned to Forbes’ list of billionaires and published the names and photos of the 10 richest Italians. These include Luxottica’s founder Leonardo Del Vecchio with an estimated net worth of $11.5 billion; Giorgio Armani with $7.2 billion; the four Benetton siblings (Luciano, Gilberto, Carlo and Giuliana) with $2.1 billion each, and Geox founder Mario Moretti Polegato with $1.8 billion.

Miuccia Prada is the sole woman to appear in the top 10. The designer is number five on Forbes’ list with an estimated worth of $6.8 billion, $3 billion more than her husband, Prada chief executive officer Patrizio Bertelli, who is in seventh position.

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