Source of Wealth:Shoes, inherited and growing
Net Worth Last Calculated: March 2011
Th vice chairman of Tod's Group makes his billionaire debut as luxury fashion market continues its post recession comeback: shares up more than 65% since last February. Company's shoes and bags are hand-made in Italy, but it gets its growth from Asia where sales surged 20% over the past year. His brother Diego, also a new billionaire, is the group's chairman. Brothers also own 19% stake in posh U.S. department store Saks, making them the biggest shareholder ahead of the world's richest man, Carlos Slim.
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