Romano Minozzi (born 1935) is an Italian billionaire businessman. [1] [2]
Romano Minozzi was born in 1935. [3] He holds a degree in economics from the University of Bologna. [3]
Minozzi began his career at a bank in Modena, where he developed an interest in the stock exchange. [3]
In 1961, with a 300-million-lira loan from Mediobanca, he acquired a struggling ceramics company, which he renamed Iris. [3] Iris expanded internationally during Italy's postwar economic growth and manufactures products such as bathroom tiles and wall slabs. [3]
During the early 2000s, Minozzi became interested in the stock market and acquired a minority stake in Mediobanca. He also served a three-year term on Ferrari's board. [3] [4] In 2010, he acquired a 4.2% stake in the Rome-based transmission system operator Terna for $173 million, selling it three years later for approximately $465 million. [3] In 2016, he acquired a 3% stake in Snam for about $660 million and obtained shares in Italgas after its spinoff from Snam. [3]
Minozzi stepped back from the daily management of Iris in December 2017, naming his daughter Federica as CEO. [3] In 2020, he was listed on Forbes' World's Billionaires list. [3]