BillionaireNet
family
Renzo Rosso & family
Rank #921
ITALYFashion & RetailFashion

Renzo Rosso & family

Net Worth
$4.39B
0% (24h)
Renzo Rosso, the Italian entrepreneur and founder of Diesel, has significantly impacted the fashion industry. Born in 1955, Rosso built his fortune by transforming Diesel from a small denim company into a global lifestyle brand. His career began at a textile school, leading to his entrepreneurial endeavors. Rosso's net worth is estimated at $3.9 billion, reflecting his success in the fashion-retail industry. His leadership extends beyond Diesel, as he serves as the president of OTB Group, which owns multiple fashion brands. Rosso's approach involves innovative marketing, a focus on product excellence, and a commitment to social responsibility through the OTB Foundation. His initiatives support various causes, highlighting his role as both a fashion innovator and a philanthropist.

The Full Dossier

Early Life

Renzo Rosso was born in Brugine, Italy, in 1955, into a farming family. At the young age of 15, he began sewing jeans on his mother's sewing machine, showcasing his early interest in fashion. He attended an industrial textile manufacturing high school in Padua, where he honed his skills further. Rosso's early experiences shaped his entrepreneurial spirit, driving him to seek a different path than his farming background.

Rise to Success

Rosso's career began in 1975 when he left the University of Venice to work as a production manager at Moltex, a clothing manufacturer. He then met Adriano Goldschmied, who became his mentor. In 1978, Rosso and Goldschmied co-founded Diesel, with Rosso acquiring full control in 1985. His vision involved creating an alternative jeans brand with innovative marketing. The first Diesel store opened in New York City in 1996.

Key Business Strategies

Rosso's strategy included innovative marketing and a commitment to product excellence. He pushed creativity and encouraged designers to experiment. Through the 1990s, he predicted the rise of upmarket denim. Rosso expanded his business through OTB, owning multiple brands such as Maison Margiela and Marni. He also opened flagship stores in major cities like New York, Rome, and London. He focused on sustainability, which is central to his business philosophy.

Philanthropy

In 2008, Rosso founded the OTB Foundation, a non-profit organization supporting sustainable development and helping communities in need. Through the foundation, he has invested in over 380 social development projects worldwide, impacting over 380,000 people. He also supports women and young people and helps in emergencies.

Career Timeline

2008

Founded OTB Foundation

Established a non-profit organization for social development.

2002

Founded OTB Group

Established Only The Brave (OTB), a fashion group.

1985

Acquired Sole Control of Diesel

Became the sole owner of Diesel.

1978

Founded Diesel

Co-founded Diesel with Adriano Goldschmied.

1975

Joined Moltex

Began his career in fashion at a clothing manufacturer.

Philanthropic Impact

Social Development$XB

OTB Foundation

Supports social development projects worldwide.

Cultural Preservation$5M

Rialto Bridge Restoration

Contributed to the restoration of Venice's Rialto Bridge.

Wealth Trajectory