Alberto Palatchi

Net worth over time

Biography

• Alberto Palatchi transformed a store he inherited from his parents in 1964 into Pronovias, one of the largest wedding dress companies in the world.
• In 2017, Palatchi sold 90% of Pronovias to British private equity firm BC Partners for an estimated $550 million.
• Pronovias wedding dresses are sold in more than 105 countries through a network of 123 stores and more than 4,000 points of sale.
• Palatchi also has more than $1.1 billion invested in a Spanish investment fund that is similar to a mutual fund.
• He's also invested in art and a broad swath of U.S. and European stocks.
• Palatchi's father fled Turkey during World War I and moved to Barcelona.
• In 1922 Palatchi's parents opened a store in Barcelona called El Suizo that sold lace and embroidery for wedding dresses.

Financial assets