Italy's Latest Richest List 2021: 40 rich men own 30% of the wealth of the poorest Italians

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According to the Italian Xinhua Times, citing Today.com, Oxfam Italy, an organization dedicated to "eliminating inequality" in more than 90 countries around the world, released a report on "widening the inequality gap" at the opening ceremony of the World Economic Forum Annual Meeting in Davos on January 17. According to the report, the total wealth of the world's 1% of the rich is equivalent to 50 times the total wealth of the world's 20% of the poor. By the end of 2020, the total wealth of 5% of Italy's rich is greater than the combined wealth of 80% of the poor. As the pandemic progressed, this inequality increased further, with the total wealth of Italy's super-rich growing by 56 percent, with the total wealth of Italy's wealthy reaching €185 billion by the end of November 2021. Since the COVID-19 pandemic hit Italy in March 2020 and the end of November 2021, there have been 13 more Italian billionaires on the Forbes rich list, for a total of 50 Italian billionaires. Statistics show that the 40 richest billionaires in Italy currently have a net wealth equivalent to 30% of the poorest Italians (nearly 18 million adults).

Italy's RichEst Rankings:

The first place is Giovanni Ferrero, CEO of Ferrero, the world's most famous confectionery company. His wealth is estimated at $35.1 billion, making him the 40th richest person in the world.

In second place is Leonardo Del Vecchio, founder and president of Luxottica, the world's 62nd multinational company specializing in the manufacture and sale of professional eyewear, with a net worth of $25.8 billion.

The third entrepreneur, Stefano Pessina, who is dominated by the pharmacy industry, is worth $9.7 billion and ranks 234th in the world.

In fourth place was Massimilana Landini Aleotti, a $9.1 billion pharmaceutical entrepreneur and Italy's richest woman.

Fifth place is the famous designer Giorgio Armani, $7.7 billion.

In sixth place was former Italian Prime Minister Silvio Berlusconi for $7.6 billion.

Seventh place was Augusto and Giorgio Perfetti, owners of confectionery and gum manufacturing company Perfetti Van Melle.

In eighth place, Giuseppe De Longhi, president of De Longhi, a home appliance brand that manufactures and sells coffee machines.

In ninth place is Gustavo Denegri, who is active in the biotechnology sector, with $5.1 billion in assets.

In tenth place is Patrizio Bertelli, CEO of the Prada Group, whose fortune amounts to 4.6 billion euros. (Original title: Italy's latest rich list in 2021, 40 rich people have the equivalent of 30% of the wealth of the poorest Italians)