Flavio Briatore net worth is officially somewhere around $200,000 million. He earned all that money as the former manager of two Formula One racing teams: Benetton and Renault. And nothing has stopped this guy earning money. He is one of those people that could earn money anywhere, anytime, anyhow. Hack, Flavio even found a way to make a fortune while he was considered a fugitive. However, in 2010, a Turin court ordered Briatore rehabilitated, which by Italian Criminal Code results in the extinction “of any criminal effect of the conviction”. So… he is a law-abiding citizen.
Education and Career
Flavio Briatore was born in Verzuolo, Italy. At the time of writing this article, Flavio is 68 years old (born on 12 April 1950). His parents were teachers in a local school. However, Flavio wasn’t something you call “a nice kid”. He failed twice in public school and had to attend a private school. Even in the private school, Flavio got a diploma with the lowest possible grades. As soon as he finished school, Flavio started working as a ski instructor and as a restaurant manager – his own restaurant, called Tribula (that was his nickname). The restaurant was not successful and was closed fairly quickly.
After closing his restaurant, Flavio worked as a door-to-door insurance salesman. And during the 1970s, he moved to Cuneo where he worked for a businessman Attilio Dutto who was killed on 21 March 1979 in a car bomb attack. The assassin has never been found. Because of this incident, Flavio moved once again, but this time to Milan, where he worked for Finanziaria Generale Italia at the Italian Stock Exchange. During this period he made some new friends, amongst which was Luciano Benetton, founder of the Benetton clothing company.
During the 1980s, Flavio was accused of fraud and sentenced with two prison sentences. In 1984, he was sentenced to 1 year in prison and in 1986 to 3 years. In both occasions, he Flavio was accused of fraud and conspiracy. To avoid imprisonment, Briatore lived in Saint Thomas, Virgin Islands. He never went to prison and returned to Europe after both of those sentences were extinguished. However, he didn’t lose any time. Briatore maintained some close relations with Benetton while “on the run” and opened Benetton stores in the Virgin Islands and the first five stores in the United States. By 1989, Benetton had over 800 stores in the United States. However, after some store owners started to complain of competition, Benetton had to cut the number of stores to 200 and Briatore started looking for a new business opportunity. He found it in Formula One.
Flavio Briatore Formula One
Flavio Briatore, an Italian businessman worked as a manager for two Formula One teams. He attended his first Formula One race at the Australian Grand Prix, in 1988. He didn’t like the sport at first, but Luciano Benetton decided to appoint him as a commercial director for his team, Benetton Formula Ltd. He was the one that fired the “weak links” and hired a young driver Michael Schumacher from the Jordan team after his first race in 1991. He recognized the talent and decided to build his team around Schumacher. He then went to win at Spa in 1992 and at Estoril in 1993, before winning the World Drivers’ Championship in 1994 and 1995. However, during the 1993 season, Benetton team came under some serious allegations of cheating, resulting in fines and a two-race ban for their best driver.
In late 1994, Flavio Briatore purchased the ailing Ligier team and Renault engine supply. Everything was going according to the plan until Schumacher and a number of key people decided to go to Ferrari in 1996. That is when everything started going down the hill for Benetton Formula One team.
Renault Formula One
After a series of acquisitions, Briatore returned to Formula One in the year 2000. The team raced as Benetton-Renault in 2001 and become Renault F1 in 2002. Basically, Briatore knew how to spot a real talent. And as a good talent scout, he discovered Fernando Alonso. He was only a teenager back then, in 1999. And as his manager, he promoted the young Spaniard to test-driver for Renault and in 2003, fired race-driver Jenson Button only to replace him with Alonso. Fans were outraged because of that decision, however, everything went well. With Alonso, Renault F1 won both constructor’s and driver’s championships in 2005 and 2006. It is needless to say that Briatore was extremely pleased, but that was not enough for Alonso. He decided to turn his back to his mentor and manager and sign a contract with McLaren in 2007. After that, Briatore was accused of fixing some races and Renault was found guilty of corporate espionage. Briatore decided to resign from the ING Renault F1 team and he was banned from all events sanctioned by the FIA. He was also a part-owner and chairman of London’s Queens Park Rangers F.C. from 2007 to 2010.
Flavio Briatore Personal Life
Flavio does not like the new Formula One. He is a manager and a businessman and he doesn’t think that engineers should decide about the future of Formula One because they are boring.
“Every meeting that I go to, people are talking about pistons and suspensions. Nobody goes to a race to see that kind of a thing! People come to see Schumacher and Senna racing each other!”, Flavio said in one of the interviews. He loves that life “in the fast lane”.
Flavio Briatore was engaged to Naomi Campbell in 1998, however, that relationship ended up in 2003, and Campbell now considers Briatore her “mentor”. That same year, Flavio started dating supermodel Heidi Klum, and in December she announced her pregnancy. And instead of marrying, the couple split up and Heidi started dating a famous musician Seal. Klum gave birth to Helene Klum in May 2004 in New York City, however, Heidi didn’t want to have anything with Flavio. She decided to keep Helene away from Flavio and in 2009 he allowed Seal to adopt his daughter and change her name to Helene Samuel.
He is now married to Elisabetta Gregoraci. The driver of the bridal car was none other than Fernando Alonso. Elisabetta gave birth to their son Falco Nathan in Nice, France in 2010.
|Born:||April 12 1950|
|Net Worth:||$200 million|
|Married to:||Elisabetta Gregoraci|
|Children:||Falco Nathan and Helene Boshoven Samuel|