Patrizio Bertelli – Billionaire

Patrizio Bertelli (born 6 April 1946), is chief executive officer (CEO) of Prada Group and husband to Miuccia Prada.

Life and career

Born in the Tuscan city of Arezzo, in 1946, Patrizio Bertelli is part of an Italian family with a long legal tradition. Nonetheless, his professional life soon began in the leather goods industry, leading the way to his entrepreneurial future in the luxury industry: when he was 21 and at university he founded a small leather goods company, Sir Robert, which has been the base of his future entrepreneurial career.

In the late 1970s he met Miuccia Prada, granddaughter of Mario Prada, founder of the Prada brand, not only they started a professional relationship, but also a personal one which later led to their marriage.

In the 1980s, they rethought Prada’s image and added a modern dimension to the brand’s core identity. Bertelli introduced a new business model within the luxury goods industry when he brought all internal processes together in order to have full control of the production line and of quality standards. This involved a product differentiation strategy, the development of new collections and labels as well as the renovation of all boutiques. With this rationale, the company expanded rapidly through the 1980s and 1990s.

Working in collaboration with Rem Koolhaas and Herzog & de Meuron, in the late 1990s, Bertelli and Miuccia Prada decided to re-visit the concept of shopping, and they launched the “Prada Epicentres” project. In these stores, luxury goods, technology, design and architecture merge to create a range of services and sensory and audiovisual experiences . The “Prada Epicentres” are located in New York (Rem Koolhaas, 2001), Tokyo (Herzog & de Meuron, 2003) and Los Angeles (Rem Koolhaas, 2004).

In 2000, Bertelli received an honorary degree in Business Economics from the University of Florence.

Later, in 2013, Forbes ranked him and his wife as one of the most influential couples in the world.

As of 2015, Bertelli is, together with Miuccia Prada, co-chief executive officer of the Prada Group, which includes: Prada, Miu Miu, Church’s, Car Shoe and Marchesi 1824.

Source:wikipedia