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TEMPO.CO, Jakarta - As of March 2024, the United States (U.S.) has been dubbed the country with the most billionaires in the world. Home to over 800 billionaires, the total net worth in the country reveals a jaw-dropping number of US$5.7 trillion.
While the U.S. currently leads the pack, Italy makes its way to the top 10 list, securing sixth position. The European country does not only beckon foodies with its delicacies; in fact, some of the wealthiest individuals seem to be attracted to the birthplace of pasta.
There are approximately 73 billionaires in the country for the time being, but who owns the most fortune? In this article, we’ll unveil who the richest person in Italy is, as highlighted in Insider Monkey.
List of the Richest People in Italy in 2024
The following list is based on Insider Monkey’s “30 Wealthiest People in Italy," with net worth figures as of July 9, 2024. Some additional information regarding the individuals is gathered from Forbes. Read on to find out who the richest person in Italy is.
1. Giovanni Ferrero (US$43.4 billion)
Giovanni Ferrero currently holds the title of the richest person in Italy. Amassing a fortune of over US$43 billion, he is the owner of Ferrero SPA, an Alba-based food company widely known for its chocolate and confectionery products, notably Nutella.
2. Andrea Pignataro (US$27.2 billion)
Second on the list is Andrea Pignataro, the CEO of ION Group. Pignataro founded the London-based technology firm in 1998 while he was still a bond trader at Salomon Brothers. Pignataro’s wealth currently stands at US$27.2 billion.
3. Giorgio Armani (US$12.0 billion)
All fashionistas must have known this name. Giorgio Armani founded one of the most esteemed brands for menswear, Armani, in 1975.
Aside from his popularity in the fashion industry, Armani is also renowned for being among the richest people in Italy. His net worth is approximately US$12 billion.
4. Giancarlo Devasini (US$9.2 billion)
If Armani is a living legend among trendsetters, Giancarlo Devasini is a prominent figure in the crypto world. With an impressive wealth of over US$9 billion, Devasini is the chief financial officer and one of the biggest shareholders of Tether. The latter is a crypto stablecoins issuer.
5. Piero Ferrari (US$8.7 billion)
If you know the car manufacturer Ferrari, Piero Ferrari is the company's vice chairperson, holding 10 percent ownership. As soon as the company listed its shares on the New York Stock Exchange in October 2015, Piero became a billionaire, and now his wealth is equivalent to US$8.7 billion.
6. Massimiliana Landini Aleotti (US$8.1 billion)
Massimiliana Landini Aleotti is close behind Piero Ferrari in sixth place, with a net worth of US$8.1 billion. She and her children inherited a pharmaceutical giant, Menarini, following her husband’s death, Alberto Aleotti, in 2014.
Alberto was a former employee of Menarini. He started working in the company in 1964 but later bought it from the previous owners in the early 1990s.
7. Patrizio Bertelli (US$5.7 billion)
Another significant name from the fashion industry is Patrizio Bertelli, the chairman and former co-CEO of Prada. He’s married to the granddaughter of Prada’s founder, Miuccia Prada, whom he met in 1977.
Before joining the handbag brand, Bertelli ran a luxury leather company. As of 2024, he amasses a fortune of US$5.7 billion, making him the seventh-richest person in Italy.
8. Miuccia Prada (US$5.7 billion)
Miuccia Prada, along with her husband Patrizio Bertelli, is among the prominent billionaires in Italy. With an estimated net worth of US$5.7 billion, her grandfather, Mario Prada, was the founder of the most reputable handbag brand, Prada.
Miuccia, and her siblings Alberto and Marina, inherited the company in 1977. With her husband, she served as the co-CEO of Prada, as well as being the lead designer in the company.
Miuccia continued to signify her significance in the company by establishing Miu Miu, a subsidiary of Prada.
9. Francesco Gaetano Caltagirone (US$5.0 billion)
Aside from being the president of Caltagirone, a company handling several industries, such as construction, publishing, and real estate, Francesco Gaetano Caltagirone secures his spot among the crazy rich Italians, possessing an immense wealth of US$5 billion.
10. Paolo Rocca (US$5.0 billion)
Paolo Rocca rounds up our list of the richest persons in Italy. His fortune, as of 2024, stands at US$5 billion. Paolo is the now-CEO of the Techint Group, an Italian-Argentine conglomerate focusing on multiple areas of business, including construction, steel, and mining.
So, Giovanni Ferrero currently holds the most fortune in Italy, revealing a figure of US$43.4 billion in 2024. But do you know who the richest person in history is? Click the link to find out!
INSIDER MONKEY | FORBES
Editor’s Choice: List of Top 10 Richest Persons in the World, October 2024
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