Carlo Benetton Net Worth

Carlo Benetton was born in 1943 in Treviso, Italy. Along with his siblings Luciano, Giuliana, and Gilberto, he helped found the Benetton Group clothing retailer in 1965. The company was founded after a bright yellow sweater knitted by Giuliana caught the attention of Luciano's colleagues. Benetton expanded internationally, opening stores in Paris in 1969 and New York in 1980. In the late 1990s, the company faced turbulence due to an overvalued Italian lira and falling demand for their sweaters. The siblings convinced Luciano to step back and give professional managers a greater role. In 2012, the family took the company private and Luciano's son Alessandro took over as chairman until 2014. The Benetton siblings have since invested in Italian businesses with interests in the food & beverage, real estate and publishing sectors, and through Atlantia S.p.A., their most valuable asset: highway concessions.
Carlo Benetton is a member of Fashion and Retail