⬅ # 466 Patrizio Bertelli|# 468 Michal Solowow

# 467 Miuccia Prada 

$6.68B

Real Time Net Worth
as of 5/18/2024
-$69.5M (-1.04%)

# 467 Miuccia Prada 

$6.68B

Real Time Net Worth
as of 5/18/2024
-$69.5M (-1.04%)
OccupationCEO, Fashion Designer, Prada
Source of WealthLuxury Goods
Age75
ResidenceMilan, Italy
Marital StatusMarried
Children2
EducationDoctorate, University of Milan; Doctorate in Pedagogical Sciences, University of Milan
Age-Adjusted Net Worth$2.42B
Miuccia Prada
Miuccia Prada
Italy
Net worth: $6.68B

Self-Made Score 

Wealth History

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Biography

Overview

Miuccia Prada, born Maria Bianchi on May 10, 1949, in Milan, is an Italian billionaire fashion designer and businesswoman.
She is best known as the head designer of Prada and the founder of its subsidiary Miu Miu.
Miuccia Prada became wealthy through her leadership of the Prada fashion empire, which she took over in 1978, and through her innovative designs and business acumen.

Early Life Education

Born Maria Bianchi, she later adopted the name Miuccia Prada in the 1980s after being adopted by an aunt.
She attended Liceo Classico Berchet high school in Milan before graduating from the University of Milan with a degree in political science in 1971.
In 1978, she obtained a PhD in political science from the University of Milan.
During her education, she also studied acting at the Piccolo Teatro in Milan.

Career

Prada began her career as a mime artist, performing for five years after training at the Teatro Piccolo.
She entered her family's luxury leather bag business in the mid-1970s, initially focusing on accessory design.
In 1978, she met her future husband and business partner, Patrizio Bertelli, who later joined Prada.
Her first successful handbag design came in 1985 with a line of finely-woven nylon bags.
By 1989, she introduced her first women's ready-to-wear collection, followed by a menswear line in 1995.
She founded Miu Miu in 1992, a subsidiary offering less expensive womenswear inspired by her personal style.

Business Expansion

Under Prada's leadership, the company acquired Jil Sander, Helmut Lang, and shoemaker Church & Co.
In 1994, Prada showcased collections at New York, London, and Milan Fashion Weeks.
Her husband, Patrizio Bertelli, manages the commercial aspects and retail strategy of Prada.
The company has expanded into various luxury goods, including leather products, shoes, fragrances, and apparel for both genders.
Prada and Bertelli took Prada public in 2011, listing its shares in Hong Kong.

Achievements Recognition

Prada received numerous awards, including International Designer of the Year from the British Fashion Awards in 2013.
She was listed among Time Magazine's 100 Most Influential People in 2005.
Prada was recognized as the 75th most powerful woman by Forbes in 2014.
She was awarded the Knight of the Grand Cross by the Order of Merit of the Italian Republic in 2015.
In 2021, she received the John B. Fairchild Honor for Lifetime Achievement from WWD magazine.

Personal Life

Miuccia Prada is married to businessman Patrizio Bertelli, with whom she has two sons born in 1988 and 1990.
She resides in the same apartment where she was born in Milan.
Prada is an avid collector of contemporary art, owning several works by Young British Artists.
She maintains friendships with artists Cindy Sherman and Francesco Vezzoli.
Over the years, Prada has acted as a godmother to a Luna Rossa boat on multiple occasions.

Controversy

In 2014, Prada and Bertelli faced a tax avoidance probe by Milan prosecutors, resulting in a settlement of over 400 million euros by 2016.

How long would it take you to become as rich as Miuccia Prada?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Miuccia Prada's net worth of $6.68B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Miuccia Prada is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Miuccia Prada, Luxury Goods is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey