Name
Alberto Palatchi
Primary Residence
Madrid, Spain
Citizenship
Spain
Source Of Wealth
wedding dresses, Self Made
Net Worth
$1,100,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
1941
Forbes List Rank One: Title
#1941 Billionaires 2019
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Summary
Alberto Palatchi transformed a store he inherited from his parents in 1964 into Pronovias, one of the largest wedding dress companies in the world.In late 2017, Palatchi sold 90% of Pronovias to British private equity firm BC Partners for an estimated $550 million.Pronovias wedding dresses are sold in 44 of its own stores and at thousands of retailers around the world.Palatchi also has more than $600 million invested in two Spanish Sicav funds, which are similar to mutual funds.
Did you know?
Palatchi's father fled Turkey during World War I and moved to Barcelona.In 1922 Palatchi's parents opened a store in Barcelona called El Suizo that sold lace and embroidery for wedding dresses.
Age
70
Categories
Number of Children
3
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