Leonardo Del Vecchio remained Italy's number one tycoon in terms of stock exchange-listed assets for the fourth year in a row, Milano Finanza financial paper said it its yearly rankings out Friday.
The benchmark FTSE MIB index of blue chip stocks lost 30%
between August 2015 and August this year, and the first 20
individuals in the Milano Finanza rankings - i.e.
those holding
stakes worth at least 10 million euros - lost a total of 24
billion euros between them, from 138.8 billion to 114.3 billion
euros.
The founder and chairman of Luxottica eyewear owned listed
portfolio assets - including shares in UniCredit bank and
Assicurazioni Generali insurance giant - of 16.3 billion euros,
-32% or 7.8 billion euros in a year.
Second on the podium with Del Vecchio was Italian-born
Monegasque businessman and Walgreens Boots Alliance CEO Stefano
Pessina with listed assets of just over 10 billion euros (-15%
since August last year).
Techint CEO Paolo Rocca, who holds Tenaris steel pipe
maker, came third at 8.7 billion euros, up slightly from 8.4
billion last year.
Fashion and apparel followed, with Benetton fourth at 6.7
billion (-25%) and Miuccia Prada fifth at 5.3 billion (-36%).
The Agnelli family was in sixth place with 4.3 billion
euros. Their listed holdings - which include Fiat Chrysler
Automobiles (FCA), Ferrari, CNH, and Exor - dropped 25% pver the
past year.
The Besnier family, which controls Parmalat food and dairy,
was stable in seventh place at 3.6 billion, while eighth place
was occupied by the People's Bank of China, whose portfolio that
includes shares in State energy giant ENI, ENEL utility,
Generali insurance, and Unicredit bank stood at 3.4 billion
(-40%).
Media mogul and former premier Silvio Berlusconi was ninth
at three billion euros as his empire, which includes Mediaset
and Mediolanum, lost 1.5 billion euros in the period.
In contrast, the Italian stock exchange rose 20% between
August 2014 and August 2015, increasing the overall wealth of
the top 20 tycoons by 37%.
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