Flavio Briatore Highest-Paid Business man in the World

Flavio Briatore
Flavio Briatore led People With Money’s annual list of the “100 highest paid business men” released on Thursday.

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It's been a rough year for the business man, but at least he has his millions of dollars to ease the pain. 70-year-old Flavio Briatore has taken the No. 1 spot on People With Money’s top 10 highest-paid business men for 2020 with an estimated $82 million in combined earnings.

UPDATE 04/12/2020 : This story seems to be false. (read more)

Flavio Briatore tops annual list of highest-paid business men

In 2018 it looked like the business man’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Thursday (December 3) that Briatore is the highest-paid business man in the world, pulling in an astonishing $82 million between November 2019 and November 2020, a nearly $50 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The Italian business man has an estimated net worth of $245 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Briatore Burger” chain) in Rome, a Football Team (the “Verzuolo Angels”), has launched his own brand of Vodka (Pure Wonderbriatore - Italy), and is tackling the juniors market with a top-selling perfume (With Love from Flavio) and a fashion line called “Flavio Briatore Seduction”.

The ranking is significant for many Flavio fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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