Economy of Italy - Wealth

Wealth

Further information: List of Italian billionaires

A quarterly report prepared by the Economist Intelligence Unit on behalf of Barclays Wealth in 2007 estimated that there were 280,000 dollar millionaires in Italy. The richest man in Italy is Michele Ferrero, who, according to Forbes, has a net worth of US$ 9.5 billion. Other billionaires include Giorgio Armani, Miuccia Prada, Ennio Doris, the Benetton family, the Agnelli family and Silvio Berlusconi, to name but a few. In total, Italy has Europe's fifth greatest number of billionaires (12), following Germany, Russia, the UK and Turkey, and surpassing Spain, France, Sweden and Switzerland.

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