Top 10 Richest People In Italy

Italy is one of the richest countries in Europe and some of its citizens are among the richest people in Europe.

When talking about world wealth by continent, Europe has the largest number of billionaires and Italy has the third largest number of billionaires in Europe after the United Kingdom and Germany.

In comparison to the early 20th century, when the economy was predominately agricultural, the entire nation is relatively prosperous. Tourism plays a significant role in the country’s prosperity because, in prosperous years, there are almost as many tourists as residents.

Italy’s economy, which is the third-largest in the Eurozone and the eighth-largest in the world, is a sizable advanced capitalist mixed economy. It is regarded as one of the most industrialized countries in the world. The nation is renowned for its inventive and creative business practices. Also, its sizable and competitive agricultural sector produces the most wine in the world. It is home to influential and superior food, design, and apparel industries.

Richest People In Italy

Below is the table containing the list of the richest people in Italy, along with their net worth and their source of wealth;

1. Giovanni Ferrero ($33.2 billion)

Giovanni Ferrero is the richest Italian man and the 36th richest person in the world and the first on this list of richest people in Italy.

Ferrero is a businessman from Italy. After his brother Pietro Ferrero died in 2011, he took over as CEO of the Ferrero SpA confectionery company.

Ferrero Group is an Italian multinational manufacturer of branded chocolate and confectionery products. It is the world’s second-largest chocolate producer and confectionery company. Pietro Ferrero, a confectioner and small-time pastry maker who laid the groundwork for Nutella and added hazelnut to save money on chocolate, founded it in 1946 in Alba, Piedmont, Italy.

Meanwhile, under Pietro’s son Michele Ferrero, who in turn handed over daily operations to his sons, Pietro Jr. and Giovanni Ferrero, the company experienced tremendous growth and success.

Giovanni Ferrero inherited the family fortune and he is the sole chairman who is fully in charge of the family business. He is the richest person in Italy 7th richest person in Europe.

Read Also: Richest People in The World

2. Giorgio Armani ($5.9 billion)

Coming in second place on this list of richest people in Italy is Giorgio Armani an Italian fashion designer. He rose to prominence while working for Cerruti, and then for a variety of other clients, including Allegri, Bagutta, and Hilton. In 1975, he founded Armani, which grew to include music, sports, and luxury hotels.  Armani is recognized as having invented red-carpet fashion in 2001, making him the most well-known designer of Italian descent. Giorgio Armani is also the owner of the Armani Hotel in Burj Khalifa, in 2010. The Hotel is also the world’s tallest building.

Giorgio Armani made his fortune from the empire he created and he is one of the prominent voices in the fashion world. Armani is the second richest person in Italy.

3. Silvio Berlusconi & family ($5.8 billion)

Silvio Berlusconi is an Italian media magnate and politician who served as Prime Minister of Italy four times, from 1994 to 1995, 2001 to 2006, and 2008 to 2011. Meanwhile, he served in the Chamber of Deputies from 1994 to 2013, the Senate of the Republic from 2013 to 2019, and the European Parliament (MEP) since 2019.

Berlusconi founded his first media company, Fininvest, in 1978. He earned about 113 billion Italian lire (€58.3 million) in the five years prior to 1983. Silvio also created the first and only Italian commercial TV empire.

Berlusconi owned the Italian football team AC Milan for over three decades from 1986 to 2017, when he sold his ownership to Chinese investors for $630 million. Additionally, he owns a majority of Mediaset.

He has shares/holdings in banking, publishing, and media companies. He divides his fortune between his five children and they manage most of his estate for him.

Silvio Berlusconi is the third richest person in Italy.

4. Massimiliana Landini Aleotti & family ($4.6 billion)

The Italian billionaire heiress is the fourth on this list of richest people in Italy.

Massimiliana Landini Aleotti is an Italian business-woman who inherited the pharmaceutical company Menarini.

The Italian drugmaker, Menarini Group is based there in Italy. Its headquarters are in Florence, Tuscany, and it is divided into three divisions: Menarini Ricerche, Menarini Biotech, and Menarini Diagnostics. It creates medications to treat cardiovascular conditions, cancer, pain/inflammation, asthma, and anti-infectives.

Meanwhile, upon her husband’s death in May 2014. Massimiliana inherited his vast estate, a multi-billion dollar conglomerate that is controlled by her and her two children.

Massimiliana Landini Aleotti is also the richest woman in Italy and one of the richest women and famous entrepreneurs in the world.

5. Patrizio Bertelli ($4.3 billion)

Coming up to the fifth number is the Luxurious brand Prada CEO whose entrepreneurship career started at age 21 when he was in university he founded a small leather goods company, Sir Robert.

Together with his wife, Miuccia Prada, Patrizio Bertelli serves as co-CEO of the 1913-founded handbag and fashion empire Prada. He first got to know Miuccia in 1977, the year she and her brother Alberto and Marina took over the family business.

A year later, Patrizio, who at the time was the manager of a high-end leather business, joined Prada.
Keeping the business aspect in mind, he encouraged Prada to offer more products than just high-end luggage, handbags, and steamer trunks. In 2011, Bertelli and Prada took the business public in Hong Kong.

Patrizio is the fifth richest person in Italy and stands in that position on this list of richest people in Italy as of September 2022.

6. Miuccia Prada ($4.3 billion)

Italian fashion designer and entrepreneur Miuccia Bianchi Prada is worth billions of dollars and she is among the richest person in Italy. She is Prada’s chief designer and the creator of the brand’s subsidiary, Miu Miu.

The fashion and handbag empire Prada, established in 1913 by her grandfather, is co-CEO and led by Miuccia Prada together with her husband a fellow billionaire, Patrizio Bertelli.
She and her brothers Alberto and Marina inherited the business in 1977. That same year, Miuccia met Bertelli, who was running a luxury leather company at the time but joined Prada a year later. Miuccia Prada took over the family-run luxury goods company in 1978. She was Mario Prada’s youngest granddaughter. Since then, the business has acquired Jil Sander, Helmut Lang, and shoemaker Church & Co.

Prada displayed her collections during the 1994 New York and London fashion weeks. She had previously participated in the Milan Fashion Week. Prada’s husband Bertelli is in charge of the business side of products and Prada’s retail strategy.

She is the second richest woman in Italy behind Massimiliana and among the richest people Italy.

7. Piero Ferrari ($4.1 billion)

Piero Lardi Ferrari is an Italian billionaire businessman and sports personality. He is the only surviving son of Enzo Ferrari, the founder of the opulent automaker Ferrari. He holds a 13.2% stake in the company and serves as vice chairman. His net worth was estimated to be US$4.6 billion as of August 2022 but according to a real-time net worth by Forbes, he is currently valued at $4.1 as of September.

Piero became a billionaire when Ferrari listed its shares on the New York Stock Exchange in October 2015.

Alfredo “Dino” Ferrari, his stepbrother and Enzo’s first child, passed away in 1956 from muscular dystrophy, leaving him as the only heir.

Ferrari produces one of the world’s most luxurious cars and he is the seventh on this list of richest people in Italy

8. Sergio Stevanato & family ($4 billion)

The eighth richest person in Italy is Sergio Stevanato who is an Italian businessman and billionaire.

The Stevanato Group, an Italian company that specializes in medical packaging, has Sergio Stevanato as its emeritus chairman of the board.
His father Giovanni founded the business in 1949, and now it is run by Sergio’s sons Franco and Marco, who hold the positions of chairman and vice chairman, respectively.
Stevanato Group is the world’s second-largest producer of glass tubes and a major supplier of glass vials to several Covid-19 vaccine manufacturers.
The business began by producing glass bottles for wine and cologne, and today it is the biggest manufacturer of insulin pen cartridges in the world.

Sergio Stevanato is among the most respected Italian citizen and one of her proud billionaires and holds the 8th sport among the richest people in Italy.

9. Luca Garavoglia ($3.6billion)

Luca Garavoglia is on the list as the ninth richest person in Italy on this list with a total net worth of $3.6 billion dollars as of September 2022 per Forbes.

Garavoglia is the chairman of Campari Group, one of the world’s largest alcoholic beverage companies since 1994.
Most of the known brands of Campari include Skyy Vodka, Wild Turkey, Aperol, and Campari.
Meanwhile, Lucas and his sister Alexandra Garavoglia inherited the company from his parents upon their death, his mother gave him a share of the business before passing away in 2016.

On November 22, 2016, it was revealed that Luca Garavoglia, the chairman of Campari, “would now assume control of Alicros, which owns 51% of Campari’s equity, and an even greater share of voting rights.”

He now reportedly owns 27% while Alexandra owns 24% of the business, which went public in 2001 and was listed on the Milan Stock Exchange.
Before the last surviving heir of the Campari family passed the business to him, his late father, Domenico, was a long-time employee.

Luca Garavoglia is the eighth richest person in Italy and number 778 on the Forbes list of richest billionaires in the world.

10. Giuseppe Crippa & family ($3.5 billion)

Coming last on this list of richest people in Italy, with a net worth of $3.5 billion dollars is the Italian billionaire Giuseppe Crippa who is the founder of Technoprobe and currently its Honorary Chairman.

Giuseppe Crippa previously worked for Breda, but in 1960 he made the decision to join SGS-ATES, a business that would later adopt the name ST Microelettronics. He successfully served this company for more than 30 years before retiring in 1995. He held significant positions over the years in the production, processes, and quality fields across the globe.

Two years before retiring, he began pursuing his technical and entrepreneurial interests.

With the assistance of his son Cristiano, he eventually succeeded in setting up a legitimate business in 1993, producing probe cards in the garage and attic of his house. But “Technoprobe” was formally established, and the company’s impressive growth, in 1995, after he retired.