What is Paolo Bulgari's Net Worth?
Paolo Bulgari is an esteemed Italian businessman with a notable net worth of $1.5 billion. He hails from a prestigious lineage as the great-great-grandson of Greek silversmith Konstantinos Voulgaris, the visionary founder of the renowned Italian jewelry and luxury goods empire, Bvlgari, established over 150 years ago.
Paolo, along with his brother Nicola, both hold significant shares in the iconic jewelry company, celebrated for its bold, handcrafted gems that grace red carpets worldwide. The brothers made headlines in 2011 when they sold Bvlgari to the French luxury conglomerate LVMH in a strategic all-share deal, marking a pivotal moment in the luxury industry.
The following year, as LVMH's stock price soared, the Bulgari siblings opted to sell a portion of their stake, primarily to address various expenses such as taxes. Presently, they maintain a combined holding of just over 2.4% in LVMH, which secured their positions on the billionaire list in 2013.
