In 2020, Italy counted approximately 1.2 million individuals boasting a wealth worth over one million U.S. dollars. Individuals in this wealth bracket are forecasted to reach nearly two million in 2025, an increase of approximately 63 percent compared to 2020. When compared to other Western European countries, the number of individuals worth over five million U.S. dollars is less impressive. France, for example, counted about 2.1 million individuals in that wealth bracket in 2019.
Wealthiest individuals in Italy
In 2019, Giovanni Ferrero, the CEO of the Italian confectionary company Ferrero S.p.A., lead the ranking of the wealthiest individuals in Italy published yearly by Forbes. With a total net worth estimated at 22.4 billion U.S. dollars, Ferrero overshadowed Leonardo Del Vecchio, founder of Luxottica, whose fortune amounted to 19.8 U.S. dollars.
Wealthiest individuals in the world
According to the Forbes’ ranking, in 2019, Giovanni Ferrero was the 33th wealthiest person in the world and Leonardo Del Vecchio ranked 41th in the list. Despite their massive fortune, no one can compete with Jeff Bezos. For the second year in a row, the founder of Amazon dominated the Forbes’ ranking: his wealth was estimated at over 131 billion dollars in 2019.
Estimated number of high net worth individuals (HNWI) in Italy in 2019 and 2020 with a forecast for 2025, by wealth bracket
Characteristic
1+ million US dollars
30+ million US dollars
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The source adds the following information "HNWI High-net-worth individual – someone with a net worth of over US$1 million excluding their primary residence" UHNWI Ultra-high-net-worth individual – someone with a net worth of over US$30 million excluding their primary residence
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Knight Frank. (March 30, 2021). Estimated number of high net worth individuals (HNWI) in Italy in 2019 and 2020 with a forecast for 2025, by wealth bracket [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/814370/number-of-high-net-worth-individuals-italy/
Knight Frank. "Estimated number of high net worth individuals (HNWI) in Italy in 2019 and 2020 with a forecast for 2025, by wealth bracket." Chart. March 30, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/814370/number-of-high-net-worth-individuals-italy/
Knight Frank. (2021). Estimated number of high net worth individuals (HNWI) in Italy in 2019 and 2020 with a forecast for 2025, by wealth bracket. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/814370/number-of-high-net-worth-individuals-italy/
Knight Frank. "Estimated Number of High Net worth Individuals (Hnwi) in Italy in 2019 and 2020 with a Forecast for 2025, by Wealth Bracket." Statista, Statista Inc., 30 Mar 2021, https://www.statista.com/statistics/814370/number-of-high-net-worth-individuals-italy/
Knight Frank, Estimated number of high net worth individuals (HNWI) in Italy in 2019 and 2020 with a forecast for 2025, by wealth bracket Statista, https://www.statista.com/statistics/814370/number-of-high-net-worth-individuals-italy/ (last visited August 24, 2024)
Estimated number of high net worth individuals (HNWI) in Italy in 2019 and 2020 with a forecast for 2025, by wealth bracket [Graph], Knight Frank, March 30, 2021. [Online]. Available: https://www.statista.com/statistics/814370/number-of-high-net-worth-individuals-italy/