Paolo has designed jewelry for generations of Hollywood actresses, from Elizabeth Taylor to Nicole Kidman.
Bulgari financed a year-long restoration project of the Spanish Steps in Rome for a reported $1.6 million and wants restricted access to the monument to protect it.
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.
As a continent, Europe defied some of the trend across the rest of the Forbes 2016 Billionaires List: New fortunes were created, though overall net worth fell compared to 2015.
When it comes to creating wealth, America still reigns supreme. The U.S. boasts 540 billionaires, more than any other country on the planet and more than all of Europe combined. Here's the full list of every American with a ten-digit fortune.
Reports of Giorgio Armani settling a case of tax evasion through foreign subsidiaries for $373 million adds another heavy hitter to the list of high luxury names that settled with the Italian taxman, including Dolce & Gabbana, Bulgari, and Prada.
3. Amancio Ortega Net worth: $57 billion Country: Spain 9. Liliane Bettencourt Net worth: $30 billion Country: France 10. Bernard Arnault Net worth: $29 billion Country: France 12. Stefan Persson Net worth: $28 billion Country: Sweden 18. Karl Albrecht Net worth: $26 billion Country: Germany 23. Michele Ferrero & family Net worth: $20.4 billion Country: Italy 28. Dieter Schwarz Net worth: $19,500.000 Country: Germany 30. Theo Albrecht Jr [...]
Their great-great-grandfather was an itinerant Greek silversmith. More than 150 years later, Nicola and Paolo Bulgari are both billionaires thanks to a tiny stake each in LVMH, the French conglomerate who acquired their family jewelry company in 2011.