Founders of Armani and Prada Top Wealthiest Italians List

Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Luxury Brands, Educational Institutions and Non-Profits, has just released a list of the top 10 wealthiest Italians.

Topping the list is Michele Ferrero, owner of renowned chocolate maker Ferrero, with a net worth of US$21.7 billion. Coming in second is Leonardo Del Vecchio, founder and chairman of Luxottica Group, with a net worth of US$18.4 billion. Giorgio Armani, president and CEO of Armani Group, is ranked third with a net worth of US$9.7 billion.

Rank	Name	Position	Company	Net Worth (US$ billion)
1	Michele Ferrero	Owner	Ferrero International	21.7
2	Leonardo Del Vecchio	Founder and Chairman	Luxottica Group	18.4
3	Giorgio Armani	President and CEO	Armani Group	9.7
4	Silvio Berlusconi	Founder and Owner	Fininvest	7.8
5	Miuccia Bianchi Prada	Co-Founder and Chairman	Prada	7.3
5	Patrizio Bertelli	Co-Founder and CEO	Prada	7.3
7	Stefano Pessina	Executive Chairman	Alliance Boots	6.1
8	Gianfelice Rocca	Chairman	Techint Group	3.3
8	Paolo Rocca	CEO	Techint Group	3.3
10	Diego Della Valle	Chairman	Tod's	3.1

The collective wealth of the top 10 wealthiest Italians stands at US$88 billion, which comprises 40% of the combined net worth of the Italian UHNW population. In particular, fashion moguls constitute half the list and represent 52% of the combined net worth of the top 10 wealthiest Italians.

Commenting on the list, Wealth-X CEO, Mykolas D. Rambus said, "The top Italian billionaires are inextricably linked to luxury fashion. We often see that there are strong social and professional connections among global billionaires and the Italians are no exception. Understanding a UHNWI's social capital is increasingly critical for professionals who wish to successfully engage with this ultra wealthy community."

For the full list and supplemental analysis, please visit: http://www.wealthx.com/articles/2013/top-10-wealthiest-italians

About Wealth-X

Wealth-X provides detailed intelligence on ultra high net worth (UHNW) individuals globally. The firm's Wealth-X Professional solution is the standard for banking, marketing and not-for-profit professionals working with the ultra affluent. Wealth-X is headquartered in Singapore with offices in all major financial centres.