Patrizio Bertelli is a co-CEO of Prada SpA, the Italian extravagance products organization. He has run the Milan-based design house since the last part of the 1970s with his significant other and co-Chief Miuccia Prada. The public corporation had an income of 3.4 billion euros ($4 billion) in 2021. Its names incorporate Miu, Prada, and Church.
Patrizio Bertelli Net Worth Summary
Most of Patrizio Bertelli fortune is gotten from his 28% stake in Prada, the Italian-style organization he controls with his significant other, Miuccia Prada. He holds his portions through Milan-based Prada Holding, as indicated by Prada’s 2021 yearly report.
The extremely rich person gathered about $675 million selling partakes in the organization’s first sale of stock in 2011, and has gotten more than $300 million in profits, as per organization filings and an examination of Bloomberg information. The worth of his money ventures depends on these returns, market execution, insider exchanges, charges, and altruistic commitments. Through Stefano Cantino, Prada Gathering’s head of correspondence, Bertelli declined to remark on his total assets.
Patrizio Bertelli Biography
Patrizio Bertelli was brought into the world in 1946 in Arezzo, a town in Italy’s Tuscany district, into a family with a long legitimate practice. At the point when Bertelli was six years of age, his dad passed on, leaving his mom, a secondary teacher, to raise him and his sibling. He concentrated on designing at Bologna College and in 1968 went into business making and selling belts and sacks.
He met Miuccia Prada at an exchange fair in Milan in the last part of the 1970s. Prada had assumed control over her family’s calfskin adornments store and employed Bertelli to be one of her principal providers. Bertelli likewise turned into a guide to Prada, encouraging her on the most proficient method to extend the organization’s product offerings past cowhide merchandise and into footwear, as well as people’s clothing.
The couple supervised Prada’s improvement into a worldwide extravagance force to be reckoned with. The organization procured new marks – – including men’s footwear image Church’s – – and furthermore opened its own, remembering Miuccia’s line Miu for 1993. Prada declared plans to sell and partake in a public contribution to the Hong Kong stock trade in January 2011, with an objective to raise as much as $3 billion. The June Initial public offering wound up raising $2.14 billion subsequent to reducing the last offer cost by close to a fifth because of frail interest from retail financial backers.
A sharp mariner, Patrizio Bertelli supported the cruising group, Luna Rossa, in 2000, 2003, 2007, and 2013 versions of the America’s Cup, the game’s most seasoned prize and most esteemed cruising rivalry. The group was in second place multiple times. Bertelli, Prada’s CEO lives in Milan with Miuccia, the organization’s director, and their two children Lorenzo and Guilio.
Patrizio Bertelli Achievements
1946 Patrizio Bertelli is brought into the world in Arezzo, Italy.
1977 Meets Miuccia Prada in Milan; they wed 10 years after the fact.
1988 Child, Lorenzo, is conceived. The second child, Giulio, was conceived two years after the fact.
1988 First Prada ladies’ prepared-to-wear assortment sent off.
1997 Establishes Luna Rossa yacht hustling group in a bid to win America’s Cup.
1998 Prada takes a 9.5 percent stake in Gucci; later offers it to LVMH.
2011 Raises $2.1 billion in the first sale of stock.2014 Prada Holding researched for conceivable tax avoidance.