What is Nicola Bulgari's Net Worth?
Nicola Bulgari is a renowned Italian businessman with an impressive net worth of $1.3 billion. He and his brother Paolo Bulgari are celebrated figures in the luxury goods industry, being great-great-grandsons of the Greek silversmith Konstantinos Voulgaris. Their ancestor founded the globally acclaimed Italian jewelry and luxury goods company, Bvlgari.
Legacy of Bvlgari
Initially established over 150 years ago as a modest family enterprise, Bvlgari has evolved into a prestigious brand known for its bold, hand-crafted gems. Hollywood celebrities frequently showcase Bvlgari's exquisite jewelry on red carpets, adding to the brand's allure.
LVMH Acquisition
In 2011, the Bulgari brothers sold the company to the French luxury conglomerate LVMH in an all-share deal. This strategic move significantly boosted their financial positions. By 2012, they had sold a small fraction of their LVMH shares to cover taxes and other expenses. Despite this, their combined 2.4% stake in LVMH was substantial enough to secure their spots on the billionaire list for the first time in March 2013.
