⬅ # 404 Andreas Halvorsen|# 406 Nusli Wadia

# 405 Patrizio Bertelli 

$7.15B

Real Time Net Worth
as of 5/29/2024
$122.3M (1.71%)

# 405 Patrizio Bertelli 

$7.15B

Real Time Net Worth
as of 5/29/2024
$122.3M (1.71%)
OccupationChair and Co-CEO, Prada Group
Source of WealthLuxury Goods
Age78
ResidenceMilan, Italy
Marital StatusMarried
Children2
EducationMBA, University of Florence
Age-Adjusted Net Worth$2.11B
Patrizio Bertelli
Patrizio Bertelli
Italy
Net worth: $7.15B

Self-Made Score 

Wealth History

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Biography

Overview

Patrizio Bertelli, born on April 6, 1946, in Arezzo, Italy, is a billionaire businessman renowned for his role as chairman and former co-CEO of Prada Group.
He founded Sir Robert, a leather goods company, at the age of 21, laying the groundwork for his future in the luxury industry.
Bertelli's partnership with Miuccia Prada, whom he met in the late 1970s, not only reshaped Prada's image but also led to their marriage and collaborative leadership.
His innovative business strategies propelled Prada's expansion through product diversification, internal process consolidation, and boutique renovations.
Bertelli's influence extended beyond fashion into culture and sports, evident through the establishment of Fondazione Prada and his involvement in sailing.

Early Life and Career

Born in Arezzo, Italy, in 1946, Bertelli hailed from a family with a background in law.
At 21, he founded Sir Robert, a leather goods company, marking his entry into the luxury industry.
His early entrepreneurial endeavors set the stage for his future leadership roles in the fashion world.
Bertelli's introduction to Prada came through his professional and personal relationship with Miuccia Prada in the late 1970s.
He played a pivotal role in reshaping Prada's image and business model in the 1980s, emphasizing quality control and product differentiation.
Bertelli's collaboration with renowned architects led to the creation of the innovative 'Prada Epicentres' stores in major cities.

Business Ventures and Achievements

Bertelli's leadership saw Prada's transformation from a luggage and handbag brand to a global luxury fashion powerhouse.
He orchestrated Prada's expansion beyond traditional offerings, introducing new collections and labels to appeal to diverse markets.
Taking Prada public in Hong Kong in 2011 marked a significant milestone in the company's history.
His commitment to quality and innovation earned him recognition as one of the most influential figures in the fashion industry.
Bertelli's honorary degree in business economics from the University of Florence in 2000 underscored his contributions to business and entrepreneurship.
Forbes honored Bertelli and Miuccia Prada as one of the world's most influential couples in 2013.

Cultural and Philanthropic Pursuits

Beyond business, Bertelli's passion for contemporary art and culture culminated in the establishment of Fondazione Prada in 1993.
Fondazione Prada serves as a platform for diverse cultural endeavors, including art exhibitions, film festivals, and architectural projects.
The foundation's activities extend internationally, showcasing a commitment to fostering creativity and intellectual discourse.
Bertelli's interest in sports, particularly sailing, led to his involvement in the America's Cup through the Prada Challenge team.
His contributions to sailing earned him induction into the America's Cup Hall of Fame, a testament to his achievements beyond the fashion realm.
Bertelli's multifaceted interests reflect a commitment to enriching communities through art, culture, and sports.

Personal Life

Patrizio Bertelli shares his life with Miuccia Prada, with whom he has two children.
The couple resides in Milan, Italy, where they continue to shape the legacy of Prada Group and engage in philanthropic endeavors.
Their shared passion for art, culture, and sports underscores their commitment to diverse interests and pursuits.
Despite their global influence, Bertelli and Prada remain rooted in their familial and personal connections.
Their partnership exemplifies a blend of professional synergy and personal harmony, driving both their business success and personal fulfillment.
Bertelli's personal life reflects a balance between his entrepreneurial ambitions and his appreciation for creativity and community.

How long would it take you to become as rich as Patrizio Bertelli?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Patrizio Bertelli's net worth of $7.15B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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

Patrizio Bertelli 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 Patrizio Bertelli, 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