Miuccia Bianchi Prada (Italian:[ˈmjuttʃaˈpraːda,miˈu-]; born Maria Bianchi[maˈriːaˈbjaŋki] on 10 May 1949) is an Italian billionaire fashion designer and businesswoman. She is the head designer of Prada and the founder of its subsidiary Miu Miu.[1] As of October 2021, Forbes estimated her net worth at US$4.8 billion.[2] In August 2021, Bloomberg estimated her net worth to be $6.6 billion, ranking 430th in the world.[3]
In March 2013, Prada was named one of the fifty best dressed over-50s by Forbes.[8] The magazine listed her as the 75th most powerful woman in the world in 2014,[9] when she had an estimated net worth of $11.1 billion.[10]
Early life and education
Born Maria Bianchi[11] on 10 May 1949 in Milan, she took the name Miuccia Prada in the 1980s, after being adopted by an aunt.[11] Her biological parents were Luigi Bianchi and Luisa Prada. She has two older siblings, Albert and Marina.[11]
After attending Liceo Classico Berchet high school in Milan, Prada went to the University of Milan where she graduated with a degree in political science in 1971, while on the same time studying acting at the Piccolo Teatro in Milan.[12] In 1978, she subsequently obtained a PhD in political science from the same university.[1][13]
By the mid-Seventies,[15] Prada entered into her family's business of manufacturing luxury leather bags, a company established by her grandfather in 1913. She initially oversaw the design of accessories.[15] In 1978 she met her future husband and business partner, Patrizio Bertelli.[15]
Prada's first successful handbag design was in 1985. It was a line of black, finely-woven nylon handbags. By 1989, she designed and introduced her first women's ready-to-wear collection.[16] In 1995, she launched her first menswear line. The Miu Miu line was introduced in 1992 as a less expensive womenswear line inspired by her personal wardrobe. She named it after her own nickname, Miu Miu.[17]
In 1994, Prada showed her collections in both New York and London Fashion Weeks. She had already been exhibiting at Milan Fashion Week. Bertelli, Prada's husband, is responsible for the commercial side of products and Prada's retail strategy. The design house has grown into a conglomerate that includes labels such as Helmut Lang, Jil Sander, and Azzedine Alaïa. The company has expanded into leather goods, shoes, fragrances, and apparel for both men and women.[citation needed]
As of 2014, Prada is the co-CEO of Prada, together with her husband.[18]
In 2020, Prada presented her final collection as the brand's sole creative director; because of the COVID-19 pandemic, it was unveiled in a sequence of short films directed by artists including Martine Syms and Juergen Teller.[19] She has since been sharing that responsibility with Raf Simons.[19]
In early 2014, Prada and Patrizio Bertelli were put under investigation as part of a tax avoidance probe by Milan prosecutors.[30] By 2016, both paid more than 400 million euros ($429 million) to settle their tax positions.[31]
Personal life
Prada is married to Patrizio Bertelli, a businessman. Their two sons were born in 1988 and 1990, the elder being rally driver Lorenzo Bertelli.[32][33][34][35] The couple lives in the apartment where she was born.[36]
^ abcThomas, Dana (2007). Deluxe. New York: Penguin Press. p. 65.
^Vespa, Bruno (6 November 2015). Donne d'Italia (in Italian). Mondadori. ISBN978-88-520-6998-7. Retrieved 20 September 2023. Un mondo affascinante, mi piaceva frequentare ambienti diversi, ero curiosa di incontrare gente nuova che mi interessasse
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