Who is Pignataro, the former trader who stands out (along with Ferrero) in the Forbes ranking of the super-rich

Who is Pignataro, the former trader who stands out (along with Ferrero) in the Forbes ranking of the super-rich

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Forbes has released its annual list of the richest people in the world. He confirms himself at the top of the rankings Bernard Arnault with 233 billion dollars. The French entrepreneur holds an empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora, under the LVMH umbrella. Behind him are Elon Musk, the CEO of Tesla and SpaceX (195 billion dollars), and Jeff Bezos founder of Amazon (194 billion dollars). In fourth and fifth place Mark Zuckerberg, with a net worth of 177 billion dollars, and Larry Ellison, the founder of the software giant Oracle. Forbes has identified 2,781 billionaires worldwide – a figure never reached before. There are 141 more billionaires than in 2023 and 26 more than the previous record, set in 2021. Of note is the entry into the ranking of the American artist Taylor Swift (1.1 billion dollars). The United States is, once again, the country with the largest number of billionaire citizens (813) with a total value of 5,700 billion dollars. In Italy, the performance of 53-year-old Andrea Pignataro, former Salomon Brothers trader and founder of Ion Group, stands out. Pignataro has a fortune of 27.5 billion dollars and is the second richest person in Italy, after Giovanni Ferrero.

The last blitzes
If Ferrero needs no introduction, for Pignataro, originally from Bologna and acquired from London, the numbers speak for themselves. His group, after acquiring Cedacri and Cerved, has just invested 1.35 billion euros to take control of Prelios. Last August 12, the agreement between Ion and the Davidson Kempner fund was announced for the sale to Pignatore of the company chaired by Fabrizio Palenzona, specialized in the management of non-performing loans (non-performing loans, ed.) and real estate services. After the Antitrust gave the go-ahead, it was precisely the executive that held back the definition of the agreement, having – for a long time – evaluated the possibility of exercising the powers provided for by the rules on the “golden power”.

Bloomberg model
Born in 1970, he studied mathematics, Pignataro’s first job was as a trader in London, at Salomon Brothers, like Michael Bloomberg. And just like Bloomberg, he has been nurturing the dream of creating a financial data giant for years. . In over twenty years the growth of Pignataro’s group, a businessman about whom little is known and who loves the media spotlight very little (there are not even any photos of him), has been impetuous. Ion is what is called a permanent investor, the logic is that, as they say in London, of “forever”.


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