Pier Luigi Loro Piana was born in 1951 in Milan, Italy. He and his brother Sergio sold an 80% stake in the Loro Piana fashion line to LVMH for $2.6 billion in 2013. The Loro Piana family has been trading wool since the early 1800s, and the high-end clothing company was founded by Pier Luigi's grandfather in 1924. Pier Luigi and his brother took the brand worldwide, and they pride themselves on using premium fabrics such as cashmere from baby goats in northern China and Mongolia, fur from vicuna in the Andes, and fleece from a specific breed of sheep in New Zealand. As a hobby, Pier Luigi hosts the annual Loro Piana Superyacht Regatta, and his 84-foot yacht, My Song, competes against some of the world's most recognized superyachts.
Pier Luigi Loro Piana is a member of Fashion & Retail
Age, Biography and Wiki
Net worth: $1.6 Billion
Pier Luigi Loro Piana, a renowned figure in the world of fashion and retail in Italy, is anticipated to hold an impressive net worth of $1.6 billion by 2024. As a member of the Loro Piana family, which has a legacy of producing high-quality fabrics for several generations, Pier Luigi Loro Piana has played a significant role in expanding the family business and establishing it as a global fashion brand. His exceptional business acumen and dedication to maintaining the brand's standards of excellence have contributed to his substantial net worth, solidifying his position as a prominent figure in the industry.
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In 2013, Pier Luigi Loro Piana and his late brother Sergio sold an 80% stake in the Loro Piana fashion company to the French Billionaire Bernard Arnault's LVMH for US$2.6 billion in 2013. Pier Luigi owns an estimated 10% stake in the Loro Piana company.