Alberto Palatchi
$2.9B
Born
Jun 26, 1949
Age
76
Source of Wealth
Wedding dresses
Residence
Madrid,
Citizenship
Spain
Marital Status
Separated
Children
3
Education
- 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.
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