He is one of the fashion millionaires who developed one of the main investment groups in the fashion industry in Italy.
Italy It is one of the flagship flags of the world of fashion and Renzo Rosso It is one of the main exponents of the catwalks in the European country. The stylist and businessman is one of the millionaires of finances because leads the Only The Brave Group (OTB)a holding company that controls brands of the fashion industry.
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Its investment group manages the clothing brands Diesel, Maison Martin Margiela, Marni, Jil Sander, Viktor & Rolf, Brave Kid, Staff International and is an Amiri retail participant. The Italian billionaire also diversifies his assets with investments in luxury hotels, such as the Pelican Hotel in Miami Beach, and is sports director at the LR Vicenza Virtus soccer club.
Who is Renzo Rosso, Italian billionaire
The fashion magnate was born in the 1950s, into a family of farmers, but he learned about the textile world when he completed his high school studies at a school specialized in this field. At the age of 15, she made her first garment by creating a low-waist flared jean., with an original design and with his mother’s sewing machine. This model was a basis for creating others that he would give to her friends and that he would also sell at her school.
His studies continued at the Ca’Foscari University of Venice. At this academy he would study economics but he left the institution to follow his passion and become a production technician at Moltex, a subsidiary of the Genio group. Shortly after, he founded the Diesel brand at the age of 23. 30 years later, Renzo Rosso would be described by The New York Times as “the genius of jeans.”
The founder of Diesel describes that in Italy there are other large competitors, who have bought other companies but that he does not define them as a group. Rosso argued that: “At first I also did the same and only acquired a few brands here and there. But then when I created the group, I really wanted the company to support each brand, so we hired very talented people who serve as consultants to each brand.”
Embed – DIESEL DENIM DOCUMENTARY | EPISODE 2: LIFETIME JEANS
The Italian’s investment group stands out for the variety of its companies, from its exclusive haute couture collections, its fragrance and footwear businesses, to its giant Diesel that leads the sale of jeans in the world. Of its diversity, Rosso adds: “Diversity is the beauty of OTB. “I want my brands to all be different from each other because I want to reach different customer bases that are smart enough to appreciate and understand the value of what we do.”
Other characteristics that the businessman thinks have established his success is that His group goes beyond marketing and celebrities to strive to create quality, desirable products.. His conglomerate aims at the basis of fashion: desire and dream. That people fall in love and long to buy one of their clothes and that they love them so much that they wear them for a long time.
Renzo Rosso’s net worth in 2024
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Forbes magazine estimated that the fashion billionaire’s assets stand out with a stunning sum of 3.9 billion dollars. Furthermore, it indicates that this figure is shared between Renzo Rosso and his family.
