When it comes to luxury fashion brands, few names are as recognizable as Prada. The Italian company has been around for over a century and has become synonymous with high-end fashion and accessories.
But have you ever wondered how much the owner of Prada makes? Let’s take a closer look.
First, it’s important to note that Prada is a publicly traded company. This means that ownership is divided among shareholders, and profits are distributed accordingly.
The current co-CEOs of Prada, Patrizio Bertelli and Miuccia Prada, each own a significant portion of the company’s shares. However, their exact salaries are not publicly disclosed.
That being said, we can still get an idea of how much money the owners of Prada make by looking at the company’s financial statements. In 2019, Prada reported a net income of €205 million (approximately $239 million USD). This was a significant increase from the previous year, when the company reported a net loss of €54 million (approximately $63 million USD).
Of course, it’s important to remember that this net income is divided among all shareholders, not just Bertelli and Prada. Still, it’s safe to assume that they received a significant portion of these profits.
In addition to their salaries as co-CEOs, Bertelli and Prada also receive bonuses based on the company’s performance. These bonuses can be substantial – in 2018, Bertelli reportedly received a bonus of €9 million (approximately $10.5 million USD) on top of his regular salary.
It’s worth noting that both Bertelli and Prada are known for being somewhat private about their personal finances. While they undoubtedly make a lot of money from their positions at Prada, they don’t flaunt their wealth in the same way that some other fashion industry figures do.
So how much does the owner of Prada make? Ultimately, it’s difficult to say for sure. But one thing’s for certain – with a net income of over €200 million in 2019, the company is certainly bringing in a lot of money for its shareholders.
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Prada is one of the world’s most iconic luxury fashion brands, known for its elegant and innovative designs that blend tradition and modernity. Founded in Milan in 1913 by Mario Prada, the company has evolved from a small leather goods shop to a global powerhouse that offers a wide range of products, from bags and shoes to clothes and accessories. But how much money does Prada actually make?
Prada is a luxury fashion brand that has been around since 1913. Founded by Mario Prada, the company started as a small leather goods shop in Milan, Italy. Over the years, Prada has grown to become one of the most recognizable names in the fashion industry, known for its high-end clothing, leather goods, and accessories.
