Miuccia Prada is a multi-billionaire that gave the famous Italian fashion brand its recognizable style. What is her net worth today?
From professional mime to Italy’s richest woman, Miuccia Prada made her career a true piece of art. The 73 years old Prada is the CEO of the homonymous fashion brand, renowned in the entire world for its elegance and prestige. But what is Prada’s net worth today?
Miuccia Prada was always a wealthy person, having inherited her family’s business. She was born in Milan, the world’s fashion capital, and was always fascinated by art. Prada initially pursued a career as professional mime, being formed in the prestigious Teatro Piccolo in Milan. She also got a degree in Political Sciences in university.
Prada was even involved in the Italian Communist Party, at a time when being politically close to the left could mean serious trouble. She grew up in the so-called “Years of Lead”, a troubled time in Italy when both the extreme right and extreme left carried out terrorist attacks against the general population.
Prada eventually realized that she wasn’t cut for politics and joined her family’s business. Prada (the brand) at the time sold exclusively luxury leather bags, having been founded in 1913. It would be with Miuccia’s involvement that the business started looking at new products to sell.
Miuccia as CEO
Miuccia Prada’s first handbag line came out in 1985. By 1994, she was showcasing her womenswear lines at the New York and London fashion weeks.
Prada is one of the many luxury fashion brands showcased in the movie The Devil wears Prada. Along with other major Italian fashion brands, the overall costuming budget for the movie was over $1 million, more than any other movie in history.
Miuccia Prada’s artistic style gave the brand its recognizable look. The simple, minimalistic lines that highlight the body’s shapes became one of Prada’s trademarks. Miuccia wants to bring out the women’s lines with her dresses.
Since 2014, she is the co-CEO of Prada along with her husband Patrizio Bertelli.
The 2010s was the most successful decade for Miuccia. In 2014, she was listed as the 75th most powerful woman in the world, and her net worth was over $11 billion.
Since then, a series of allegations have been made on her and her husband’s accounts. In 2016, they were charged for tax fraud and had to settle on a $400 million tax fee.
Despite that, Miuccia Prada is still Italy’s richest woman, with a net worth of $5,4 billion. Prada continues to be one of the most famous and important fashion brands in the world, keeping Italy’s relevance in the industry high.
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