Estimated number of HNWI's in Italy 2012-2022

In 2017, Italy counted approximately 54 thousand individuals boasting a wealth worth over five million U.S. dollars. Individuals in this wealth bracket are forecasted to reach over 67 thousand in 2022, an increase of 25 percent compared to 2017. When compared to other Western European countries, the number of individuals worth over five million U.S. dollars is less impressive. France, for example, counted about 105 thousand individuals in that wealth bracket in 2017.

Wealthiest individuals in Italy

In 2019, Giovanni Ferrero, the CEO of the Italian confectionary company Ferrero S.p.A., lead the ranking of the wealthiest individuals in Italy published yearly by Forbes. With a total net worth estimated at 22.4 billion U.S. dollars, Ferrero overshadowed Leonardo Del Vecchio, founder of Luxottica, whose fortune amounted to 19.8 U.S. dollars.

Wealthiest individuals in the world

According to the Forbes’ ranking, in 2019, Giovanni Ferrero was the 39th wealthiest person in the world and Leonardo Del Vecchio ranked 50th in the list. Despite their massive fortune, no one can compete with Jeff Bezos. For the second year in a row, the founder of Amazon dominated the Forbes’ ranking: his wealth was estimated at over 131 billion dollars in 2019.

Estimated number of individuals worth over five million US dollars in Italy 2012 to 2022, by wealth bracket

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Release date



Europe, Italy

Survey time period

2012 to 2017

Supplementary notes

The source adds the following information "HNWI High-net-worth individual – someone with a net worth of over US$1 million excluding their primary residence"
UHNWI Ultra-high-net-worth individual – someone with a net worth of over US$30 million excluding their primary residence

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