Businesspersons
Flavio Briatore Net Worth
Flavio Briatore's Net Worth as of 2024
$150 Million
Flavio Briatore was born on the 12th April 1950, in Verzuolo, Italy. He is a businessman, best known for his involvement in Formula One motor racing, holding the position of manager of Renault F1 from January, 2002 until September, 2009. Previously, he held the same function in Benetton. Thus, Formula 1 became the main source of Flavio Briatore’s net worth.
So just how rich is Flavio Briatore? It has been estimated by sources that the outright size of his wealth is as much as $150 million, mostly accumulated during his career with Benetton and in motor racing overall during a span of more than 40 years.
Flavio Briatore Net Worth $150 Million
From an early age Flavio worked as a ski instructor and in restaurant management, and failed ownerships. In the early 1970s he worked in Italy’s stock market; and at that time he met Luciano Benetton, the founder of the Benetton clothing company, becoming friends and later business partners. When Benetton opened its first four stores in USA in 1979, Briatore was the director for operations. Thanks to Flavio the chain achieved impressive growth and great popularity, such that by 1989, there were eight hundred stores in the USA, as a result adding huge sums to Briatore’s net worth. The number of stores eventually stabilized at two hundred, that caused Briatore to lose interest in that business.
However, when Benetton purchased the Toleman racing team, Briatore became commercial director of the Benetton Formula One team. He quickly renewed the team staff, and managed to hire the young driver Michael Schumacher, who won races in 1992 and 1993, before winning the world championship for Benetton in the 1994 and 1995 seasons. Briatore became sports director of the Benetton team in 1996, but that year Michael Schumacher together with a large group of engineers went to Ferrari. Then, Briatore bought part of the Minardi team in 1996 with the intention of selling it to British American Tobacco, but the business was unsuccessful and he had to resell to Giancarlo Minardi and Gabriele Rumi. In 1997, Benetton hired David Richards, withdrawing Briatore.
Still, another successful step was made in 2000 when Renault acquired the Benetton team and Briatore appeared as the CEO. As a team principal, he achieved the first pole in Malaysia and the first victory in Hungary in the hands of Fernando Alonso in 2003. In 2004 his greatest success would win the pole with Jarno Trulli in Monaco and end the season as the third team of the constructors’ championship. His last major successes have so far come in the seasons 2005 and 2006, achieving two consecutive world titles with the team and driver Fernando Alonso.
Briatore was also the agent of several F1 drivers, including Fernando Alonso and Mark Webber. To add more, he is an executive member of the Formula One Teams Association FOTA. However, int September 2009, the FIA penalised for Briatore on charges of race-fixing a decision subsequently overturned by in January 2010 by the Tribunal de Grande Instance of Paris – the mateer was eventually settled out of court, but Briatore resigned from Renault, and no longer participated in Formula One, instead concentrating on various other business interests; one involved a takeover of English football club Queens Park Rangers, but Briatore relinquished his position following the racing allegations.
Finally, in the personal life of the businessman, he was in the relationship with supermodel Heidi Klum, during which she gave birth to their daughter. However, the couple split up, and in 2008, Flavio married the model Elisabetta Gregoraci, and they have a son.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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