Who is Renzo Rosso?
Italian fashion entrepreneur Renzo Rosso, born on September 15, 1955, is an exemplary figure in the global fashion industry. Known for his innovation and audacity, Rosso has built and expanded his fashion empire, starting from the notable Diesel brand to the establishment of the influential OTB Group. Married to Arianna Alessi, his personal and professional life mirrors his commitment to challenging the norm and making a substantial impact.
Key Takeaways
- Renzo Rosso, founder of the OTB Group and the Diesel brand, was born on September 15, 1955, and is married to Arianna Alessi.
- Diesel, an alternative jeans brand founded in 1978, has since expanded to Diesel Eyewear, Diesel Watches, and Diesel Living, generating over $3 billion in annual sales.
- The OTB Group, founded by Rosso using profits from Diesel, is a multinational corporation that specializes in luxury goods. It owns brands such as Viktor & Rolf, Jill Sander, and Maison Margiela.
- Renzo Rosso has a net worth of $3 billion, managed through his private investment company, Red Circle Investments.
- Besides his successful career, Rosso is an active philanthropist through his OTB Foundation.
- He is owner of the yachts Lady Brave, and Lady May of Glandore
Renzo Rosso and The Birth of Diesel
Rosso embarked on his fashion journey as a production manager at Adriano Goldschmied’s Moltex. His dedication and hard work led to his acquisition of shares in the company, ultimately forming a partnership that gave birth to the renowned Diesel brand. Launched in 1978, Diesel emerged as a game-changing alternative jeans brand, revolutionizing the market with its distinct style. Over the years, Diesel has expanded its portfolio to include Diesel Eyewear, Diesel Watches, and a home furnishings line, Diesel Living, cementing its status in the fashion world. Today, the brand boasts annual sales of over $3 billion, with Rosso serving as its proud President.
OTB Group: The Fruit of Rosso’s Profits
Rosso, leveraging the profits from Diesel, spearheaded the creation of the OTB Group. Standing for ‘Only The Brave, S.p.A.’, this multinational corporation specializes in high-end luxury goods. The portfolio of OTB Group encompasses globally recognized brands such as Viktor & Rolf, Jill Sander, and Maison Margiela. Based in Veneto, Italy, the OTB Group employs over 6,500 individuals, reflecting its significant contribution to the luxury fashion industry.
Renzo Rosso’s Net Worth and Philanthropy
With a staggering net worth of $3 billion, Rosso manages his private investment company, Red Circle Investments. Yet, his efforts extend beyond business pursuits. He actively engages in philanthropy through his OTB Foundation, channeling his wealth and influence to effect positive change.
Sources
https://www.otb.net/
https://en.wikipedia.org/wiki/Renzo_Rosso
https://www.instagram.com/renzorosso/
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