Flavio Briatore Net Worth 2017: Short Bio & Wiki

How rich is Flavio Briatore?

Flavio Briatore net worth is
$150 Million

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Flavio Briatore Net Worth, Biography & Wiki 2017

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.

Quick Facts

Birth date: April 12, 1950
Birth place: Verzuolo, Italy
Profession:Businessperson
Nationality:Italian
Spouse:Elisabetta Gregoraci (m. 2008), Marcy Schlobohm (m. 1983–1987)
Children:Helene Boshoven Samuel, Falco Nathan Briatore
TV shows:"The Apprentice" (Italian TV series (Italian TV series), 2012)
twitter.com/briatore
imdb.com/name/nm2369753
en.wikipedia.org/wiki/Flavio_Briato


Interesting Facts

#Fact
1Resigned from Renault F1 team in 2009.
2Has his look-alike puppet in the French show Les guignols de l'info (1988).
3His younger brother is a farmer in Piedmont, near Cuneo.
42010: a son with wife Elisabetta Gregoraci, named Nathan Falco to be born.
5Team Managing Director, Renault.
6He worked for Benetton Clothes in USA in 1980s.
7He was manager of F1 team Benetton in 1990s and Renault team from 2002.
8He is also manager of various F1 drivers, including Mark Webber.
9He has worked with Italian designer Angelo Galosso. Briatore launched Billionaire Couture for men in 2005, designer was Galosso.
10Briatore was son of two teachers. He met Luciano Benetton in stock and after that he moved to USA, where he did PR work for Benetton Clothes. Briatore visited Formula 1 GP first time in 1988 and after while Luciano Benetton hired Briatore to run his F1 team. Briatore won two driver championships with Michael Schumacher (1994, 1995) and one manufacturers championship in 1995. From 2002 Briatore worked as team-boss of Renault (former Benetton) and won both championship and manufacturers titles in 2005 and 2006. Fernando Alonso won the drivers title. For season 2007, Briatore hired young Finn Heikki Kovalainen to pair with experienced Italian driver Giancarlo Fisichella.
11Daughter Leni, was born on May 5, 2004, in New York. Her mother is model Heidi Klum.


Quotes

#Quote
1Commenting about Michael Schumacher's return to Formula 1 in 2010: You don't race faster if you colour your hair.
2Formula One is not just about sport and technology. What attracts people is the glamour, the lifestyle, the drama.
3Work is the most romantic thing there is.


Filmography

Actor

Actor

TitleYearStatusCharacter
Vita Smeralda2006Flavio Briatore

Self

Self

TitleYearStatusCharacter
The Four Year Plan2011DocumentaryHimself
Top Gear2011TV SeriesHimself
Formula 1: BBC Sport2009-2011TV SeriesHimself / Himself - Former Principal, Renault F1
Deutschland gegen Italien - Das Duell2011TV MovieHimself
Videocracy2009DocumentaryHimself
Quelli che... il calcio2008-2009TV SeriesHimself
Luck Does Not Come Into It...2008Video documentaryHimself - Renault
Seitenblicke2008TV Series documentaryHimself
ITV - Formula One2007TV SeriesHimself
Once Again!2006VideoHimself - Renault
Scherzi a parte1992TV SeriesHimself (2002)
Ruutulippu1990TV Series documentaryHimself (1991-2006)

Archive Footage

Archive Footage

TitleYearStatusCharacter
Formula 1: BBC Sport2012TV SeriesHimself
E! True Hollywood Story2008TV Series documentaryHimself
Quelli che... il calcio2007TV SeriesHimself

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