Estimated number of high net worth individuals in Italy 2019-2020

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.