Paolo Bulgari (born 1937) is an Italian businessman and jewellry designer, a great-grandson of Sotirios Bulgari, the founder of the luxury brand Bulgari.
Early life
Paolo Bulgari was born in 1937, the second son of Giorgio Bulgari (1890-1966). His brother Gianni was born in 1935 and Nicola in 1941.
Career
In 2013, after allegations of tax evasion, the Guardia di Finanza (tax police), raided the Bulgari office in Rome’s Via Condotti, as part of a Euro 46 million seizure of assets. In May 2015, Paolo and Nicola Bulgari and 11 others were ordered by an Italian judge to stand trial on charges of tax evasion. Both deny the charges.
In May 2015, Forbes estimated the net worth of Paolo Bulgari at US$1.3 billion.
Personal life
He lives in Rome.
Paolo Bulgari Net Worth: Paolo Bulgari is an Italian businessman who has a net worth of $1.5 billion. He is best known for being the great-great-grandson of Greek silversmith Konstantinos Voulgaris, the man who set up the high-end Italian jewelry and luxury goods company, Bvulgaru, more than 150 years ago. Paolo along with his brother Nicola, both shareholders in the jewelry company whose bold and hand-crafted gems are worn on red carpets, sold the company to French luxury conglomerate LVMH in an all-share deal in 2011. One year later, with the rise of LVMH’s stock, the Bulgaris sold a small chunk of their stake, reportedly to settle some expenses like taxes. Today, the siblings hold just over 2.4% of LVMH between them, which was enough to land each of them a spot on the billionaire list in 2013.
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