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Patrizio Bertelli
PROFILE
Patrizio Bertelli
$6.3B
$110M (1.78%)
Real Time Net Worth
as of 5/24/24
Reflects change since 5 pm ET of prior trading day.
Patrizio Bertelli is the chairman and former co-CEO of the handbag and fashion empire Prada alongside his wife, Miuccia Prada, whose grandfather founded the company in 1913.
He met Miuccia in 1977, the same year she and her siblings Alberto and Marina inherited the business.
Patrizio, who ran a luxury leather company at the time, joined Prada a year later.
Focusing on the business side, he pushed Prada to expand its product offerings beyond high end luggage, handbags and steamer trunks.
Bertelli and Prada took the company public in Hong Kong in 2011.
Master of Business Administration, University of Florence
Did you know
Bertelli is the team principal and sponsor of Luna Rossa Challenge, a sailing team that participates in the America's Cup yacht racing competition.
Patrizio Bertelli and Miuccia Prada named Andrea Guerra CEO in January 2023 in the meantime to integrate their son, Lorenzo Bertelli, to take the helm in 2 years.
On May 24, the Council of the European Union gave final approval to the CSDDD, ending a four-month political drama that nearly resulted in the failure of the directive.
Secretary of Defense Lloyd Austin apologized earlier this year for downplaying a previous hospitalization due to complications from a surgery to treat prostate cancer.
Founded in 1981, a PhD academic turned billionaire businessman named Patrizio Vinciarelli created Vicor, a business that designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies.
U.K. luxury fashion retailer Burberry has upgraded its full-year profit forecast, driven by a robust recovery in demand for its luxury goods in China and South Korea. Italian brands Prada and Salvatore Ferragamo have also enjoyed strong Asian sales and a boom in e-commerce.
From converting production lines to make disinfectant gel, to donating intensive care units to struggling hospitals, Italian billionaires are finding ways to pitch in to the national effort against the coronavirus in Italy.
In an unexpected move for the fashion industry, it was announced that Raf Simons will join Prada as co-creative director alongside Miuccia Prada. Find out what the big move could be saying about the fashion industry.
A downturn in Chinese consumer spending has had severe repercussions for Italian luxury brand Prada who saw over $850 million wiped off its market value today. Once thought largely immune from the vagaries of consumer spending, it seems now that even luxury is suffering just like everyone else.
Following the 'Shaping a Creative Future' conference- which was centered around exploring new possible connections between creativity, sustainability and innovation - Prada has announced the follow-up.