Patrizio Bertelli

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Patrizio Bertelli
Born (1946-04-06) 6 April 1946 (age 78)
Arezzo, Tuscany, Italy
Alma mater University of Florence
Bologna University
Occupation Businessman
TitleCo-CEO, Prada Group
Spouse Miuccia Prada
Children2, including Lorenzo Bertelli

Patrizio Bertelli (born 6 April 1946) is an Italian businessman and former co-chief executive officer (CEO) of Prada Group, a role he shared with his wife Miuccia Prada of the Prada Group. [1] As of October 2024 his net worth was estimated as US$5.7 billion. [2]

Contents

Life and career

Born in the Tuscan city of Arezzo in 1946, Patrizio Bertelli started his career in the leather goods industry before transitioning to the luxury sector. At 21, while attending university, he founded Sir Robert, [3] a small leather goods company.

In the late 1970s, Bertelli met Miuccia Prada, granddaughter of Mario Prada, founder of the Prada brand. Their professional relationship later evolved into marriage.

In the 1980s, Bertelli consolidated the production process within the company to improve quality control and efficiency in the luxury goods sector. This included product differentiation, the creation of new collections and labels, and the renovation of boutiques. These changes contributed to the company’s significant growth during the 1980s and 1990s.

In the late 1990s, Bertelli and Miuccia Prada collaborated with architects Rem Koolhaas and Herzog & de Meuron to launch the "Prada Epicentres" project. These stores combine technology, design, and architecture to enhance the shopping experience. [4]

The "Prada Epicentres" are located in New York (2001), Tokyo (2003), and Los Angeles (2004).

In 2000, Bertelli was awarded an honorary degree in business economics by the University of Florence.

In 2013, Forbes included Bertelli and his wife among the most influential couples in the world. [5]

As of 2023, Bertelli is still with Miuccia Prada, co-chief executive officer of the Prada Group, which includes Prada, Miu Miu, Church’s, Car Shoe, and Marchesi 1824.

Further interests

Bertelli and his wife co-founded Fondazione Prada in 1993, inspired by their shared interest in contemporary art and culture. Fondazione Prada includes a Venetian palace on the Grand Canal, Ca’ Corner della Regina, and a 19,000-square-meter exhibition space in Milan, opened in May 2015. Some Fondazione Prada projects took place in locations such as Paris, London, Seoul, and Tokyo.

In 1997, Bertelli established the sailing team Prada Challenge to compete in the America’s Cup 2000. Prada sponsored the Luna Rossa team in several America’s Cup editions, winning the Challengers’ Selection Series in 2000 and reaching the finals in 2007 and 2013. [6] On 29 June 2012, Bertelli became the first Italian inducted into the America's Cup Hall of Fame.

Personal life

Bertelli and Miuccia Prada have two children and reside in Milan, Italy. [2] Their eldest son, Lorenazo Bertelli, holds key ownership stakes in the Prada Group. [7]

Their younger son, Giulio Bertelli, has shares in the company but does not plan to work in the family business.

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References

  1. ↑ "Patrizio Bertelli". Bloomberg . Retrieved 2015-11-17.
  2. 1 2 "Forbes profile: Patrizio Bertelli". Forbes. Retrieved 18 March 2022.
  3. ↑ Goldstein, Lauren (1999-09-27). "Prada Goes Shopping Bertelli transformed Prada from a stuffy family company into a fashion powerhouse. And he's just warming up". Fortune . Retrieved 2015-11-17.
  4. ↑ "Prada Epicenter New York". oma.eu. Retrieved 2015-11-17.
  5. ↑ Pierce, Kate (2013-05-23). "Partners In Power: The World's Most Influential Couples". Forbes . Retrieved 2015-11-17.
  6. ↑ "Team Members". Luna Rossa . Retrieved 2015-11-17.
  7. ↑ Ebhardt, Tommaso (2024-11-09). "Prada Family Has a Plan in Place to Avoid Succession Drama". BNN Bloomberg. Retrieved 2024-12-29.
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