Renzo Rosso net worth: Renzo Rosso is an Italian fashion entrepreneur who has a net worth of $3.5 billion. Know as a jeans guru, Renzo Rosso co-founded Italian design company Diesel 35 years ago, at the age of 23. He owns 100% of the company that has evolved from a jeans seller to a much broader lifestyle brand with revenues of $2 billion in 2012. In the last decade, Rosso through a holding company called Only The Brave, was snapping up major shares in small, upmarket fashion houses all across Europe. His stakes include Paris-based Maison Martin Margiela, Amsterdam's Viktor & Rolf, and Milanese label Marni. Apart from expanding his clothing business, Rosso also invests in tech start-ups including Nonabox, a Birchbox for pregnant women. Furthermore, he is an avid snowboarder and guitar player. He owns the South Beach designer hotel The Pelican as well as a winery near his northern Italian home.
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Only The Brave, S.p.A., commonly known as OTB Group, is an Italian holding multinational corporation specializing in luxury goods, headquartered in Breganze. The company was founded in 2002 by Renzo Rosso as a holding company for Diesel and future acquisitions of fashion houses.
Diesel's denim's products are produced exclusively in Italy, with many of its products produced by out-sourced factories. Its headquarters are in Breganze, on the former Moto Laverda factory area, and had twelve international subsidiaries as of 2005.
Individuality. Self-Expression. DIESEL was built on these pillars in 1978 by Renzo Rosso, creating a lifestyle brand rooted in denim but forged with an unwavering vision for the future.
LVMH (Louis Vuitton Moet Hennessy) was the most valuable luxury brand in the world, with a brand value of about 124.3 billion U.S. dollars in 2022. The LVMH Group's total revenue for the 2021 fiscal year was about 64.2 billion euros.
Evolution. After declining sales and filing for US bankruptcy in 2019, Diesel embarked on a rebranding strategy spearheaded by Glenn Martens, who joined the company in October 2020. The Belgian designer is known for his avant-garde designs for Paris-based Y/Project.
Today, Diesel is led by design director Glenn Martens, and their latest runway show was a buzzy hit at the recent Milan Fashion Week. Today, Rosso is a fashion mogul as the president of the OTB Group, which is the parent company of brands like Viktor & Rolf, Jil Sander, Maison Margiela and Marni.
In April, Diesel was featured in the Lyst Index's Q1 2022 top 20 for the first time, climbing 31 positions from the previous quarter, where it ranked 46.
In 1923 Benz & Cie. presented the first diesel truck to the world. The five-tonne vehicle was driven by a four-cylinder diesel OB 2 engine with an output of 33 kW (45 hp) at 1000 rpm.
In April, Diesel was featured in the Lyst Index's Q1 2022 top 20 for the first time, climbing 31 positions from the previous quarter, where it ranked 46.
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