SYS-CON MEDIA Authors: Kevin Benedict, Gilad Parann-Nissany

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Italy's Fashion Moguls Steal The Spotlight

Wealth-X Unveils Top 10 Wealthiest Italians

SINGAPORE, Jan. 24, 2013 /PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Luxury Brands, Educational Institutions and Non-Profits, has just released a list of the top 10 wealthiest Italians.

Topping the list is Michele Ferrero, owner of renowned chocolate maker Ferrero, with a net worth of US$21.7 billion. Coming in second is Leonardo Del Vecchio, founder and chairman of Luxottica Group, with a net worth of US$18.4 billion. Giorgio Armani, president and CEO of Armani Group, is ranked third with a net worth of US$9.7 billion.

Rank

Name

Position

Company

Net Worth

(US$ billion)

1

Michele Ferrero

Owner

Ferrero International

21.7

2

Leonardo Del Vecchio

Founder and Chairman

Luxottica Group

18.4

3

Giorgio Armani

President and CEO

Armani Group

9.7

4

Silvio Berlusconi

Founder and Owner

Fininvest

7.8

5

Miuccia Bianchi Prada

Co-Founder and Chairman

Prada

7.3

5

Patrizio Bertelli

Co-Founder and CEO

Prada

7.3

7

Stefano Pessina

Executive Chairman

Alliance Boots

6.1

8

Gianfelice Rocca

Chairman

Techint Group

3.3

8

Paolo Rocca

CEO

Techint Group

3.3

10

Diego Della Valle

Chairman

Tod's

3.1

The collective wealth of the top 10 wealthiest Italians stands at US$88 billion, which comprises 40% of the combined net worth of the Italian UHNW population. In particular, fashion moguls constitute half the list and represent 52% of the combined net worth of the top 10 wealthiest Italians.

Commenting on the list, Wealth-X CEO, Mykolas D. Rambus said, "The top Italian billionaires are inextricably linked to luxury fashion. We often see that there are strong social and professional connections among global billionaires and the Italians are no exception. Understanding a UHNWI's social capital is increasingly critical for professionals who wish to successfully engage with this ultra wealthy community."

For the full list and supplemental analysis, please visit: http://www.wealthx.com/articles/2013/top-10-wealthiest-italians

About Wealth-X

Wealth-X provides detailed intelligence on ultra high net worth (UHNW) individuals globally. The firm's Wealth-X Professional solution is the standard for banking, marketing and not-for-profit professionals working with the ultra affluent. Wealth-X is headquartered in Singapore with offices in all major financial centres.

For more information about Wealth-X, please visit: www.wealthx.com  

SOURCE Wealth-X

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