Paolo Barilla’s profile picture

Paolo Barilla

Paolo Barilla’s profile picture
Net worth 2018: $1.09 Billion
Residence: Parma, Italy
Country: Italy
BirthDay: 20 April 1961
Sigh: Taurus
BIOGRAPHY

Paolo Barilla was bornon 20 April 1961 in Parma, Italy, Italy. Paolo Barilla is #1929 in List Billionaires People In The World. Paolo Barilla is a fourth-generation heir to the Barilla pasta firm, which he owns with his three siblings. Barilla is the largest pasta company in the world with an estimated $3.7 billion in sales. Paolo serves as the vice chairman. Founded in 1877 in Parma, Italy, Barilla had three generations of family leaders before selling to American firm W.R. Grace in 1971. Eight years later, Pietro Barilla, Paolo's father and the company's marketing chief, bought the company back. It has grown by acquiring companies in France, Turkey and Greece and has two pasta plants in the U.S. Pietro's four children share ownership of the company equally. Paolo is a former Formula One driver.

NET WORTH STATISTIC
2016

$2 Billion

2017

$1.3 Billion

2018

$1.09 Billion

TIMELINE
Paolo Barilla (born 20 April 1961 in Milan, Italy) is a former Formula One driver who raced for the Minardi team. Paolo is one of the heirs of the vast Barilla pasta empire, and as of January 2017, has a net worth of US$1.39 billion.Barilla started racing in 1975 and won the Italian 100cc karting title in 1976. In 1980 he entered Formula Fiat Abarth, and moved up to Formula 3 in 1981, where he won some races and finished third in the Italian Championship. Barilla then entered Formula 2 in 1982 with Minardi, but between 1983 and 1988 he concentrated in sports car racing, winning 24 Hours of Le Mans by a three lap margin in 1985, among other victories, in the Joest Racing Porsche 956, co-driven at times with Klaus Ludwig, Paul Belmondo, Marc Duez, and Louis Krages (also known at the time as John Winter).In 1987 Barilla returned to single-seaters and raced in the Japanese Formula 3000 Championship, before returning to Minardi in 1989 for a test. This test gave him the chance to replace Pierluigi Martini at Suzuka that year and afterwards was signed to drive for the team in 1990. Barilla wasn't quick enough to qualify regularly and was replaced before the end of the year by Gianni Morbidelli.Barilla then retired from racing and joined his family's businesses, where Paolo and his two brothers own a 51 percent stake in the company. Upon his return to the corporation, he briefly filled in as the CEO, before taking a more permanent position as a Vice-President. He has remained connected to motorsports in part due to Barilla's sponsorship of Alex Zanardi.(key) (Races in bold indicate pole position; races in italics indicate fastest lap)(key) (Races in bold indicate pole position; races in italics indicate fastest lap.)(key)
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