Paolo Bulgari was born in 1937, the third son of Giorgio Bulgari (1890–1966). He has one sister Lia born in 1933, and two brothers, Gianni born in 1935 and Nicola in 1941.[1]
Career
In 2013, after allegations of tax evasion, the Guardia di Finanza (tax police), raided the Bulgari office in Rome's Via dei Condotti, as part of a Euro 46 million seizure of assets. In May 2015, Paolo and Nicola Bulgari and 11 others were ordered by an Italian judge to stand trial on charges of tax evasion. Both deny the charges.[2] After three years of deliberation, the trial concluded on April 20, 2018, with the acquittal of Paolo and Nicola Bulgari and the other defendants. The verdict issued by the Court of Rome recognized the correctness of the company's actions, stating that "no wrongdoing occurred" and ordering the return of the seized funds.[3][4]
In May 2015, Forbes estimated the net worth of Paolo Bulgari at US$1.3 billion.[5]
Philanthropy
In November 2019, Paolo Bulgari established the Paolo Bulgari Foundation, dedicated to supporting educational regeneration and professional training in some peripheral neighborhoods of Rome. 'The Foundation will focus particularly on combating educational poverty because, as I have long maintained, most of our problems stem from the poor attention we have shown in recent years towards schools, and because it is in schools that the foundations for a more just society are laid.[6]
In December 2023, at the conclusion of an extensive project involving schools, associations, and the municipal government, the Paolo Bulgari Foundation completed the full redevelopment of Largo Mengaroni, the main square of Tor Bella Monaca.[7]
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