Alberto Palatchi
Overview
- Source of Wealth
- Wedding dresses
- Industry
- Fashion & Retail
- Residence
- Madrid
- Marital Status
- Separated
- Children
- 3
Assets
- Advanced Micro Devices19,500 shares @ --AMD-US
- Air France-KLM900 shares @ --AF-FR
- Airbus SE327,600 shares @ --AIR-FR
- Alphabet360,000 shares @ --GOOGL-US
- Amazon26,700 shares @ --AMZN-US
- Apple0 shares @ --AAPL-US
- AT&T Inc.0 shares @ --T-US
- AXA S.A.1,163,000 shares @ --CS-FR
- Banco Santander595,000 shares @ --SAN-ES
- Bank of America Corp.29,000 shares @ --BAC-US
- Bhp Billiton PLC ADR (Edward Jones)527,000 shares @ --BBL-US
- Blackstone Group15,700 shares @ --BX-US
- BMW AG13,000 shares @ --BMW-DE
- BNP Paribas S.A.161,900 shares @ --BNP-FR
- BNP Paribas S.A.579,800 shares @ --BNP-FR
- British Amer Tobacco0 shares @ --BATS-GB
- Carlyle Group59,000 shares @ --CG-US
- Daimler0 shares @ --MBG-DE
- Delta Air Lines44,500 shares @ --DAL-US
- Exxon Mobil Corp.0 shares @ --XOM-US
- Google Inc. (Cl C)0 shares @ --GOOG-US
- Halliburton17,000 shares @ --HAL-US
- ING Group53,000 shares @ --INGA-NL
- JPMorgan Chase & Co.8,000 shares @ --JPM-US
- KKR & Co.20,100 shares @ --KKR-US
- Lam Research4,000 shares @ --LRCX-US
- LVMH Moet Hennessy Louis Vuitton240 shares @ --MC-FR
- Mercedes-Benz Group AG46,800 shares @ --MBGAF-US
- Meta Platforms115,000 shares @ --META-US
- Micron Technology Inc.3,700 shares @ --MU-US
- Microsoft148,000 shares @ --MSFT-US
- Nestle S.A.0 shares @ --NESN-CH
- Nvidia61,000 shares @ --NVDA-US
- Porsche Automobil Holding SE20,000 shares @ --PAH3-DE
- QUALCOMM Inc.7,000 shares @ --QCOM-US
- Repsol YPF S.A.2,857,000 shares @ --REP-ES
- Rio Tinto520,600 shares @ --RIO-GB
- Samsung Electronics1,000 shares @ --005930-KR
- Schlumberger Ltd.13,000 shares @ --SLB-US
- Shell PLC38,000 shares @ --SHELL-NL
- Siemens AG6,100 shares @ --SIE-DE
- Societe Generale S.A. (France)0 shares @ --GLE-FR
- Societe Generale S.A. (France)688,500 shares @ --GLE-FR
- Taiwan Semiconductor Manufacturing52,000 shares @ --2330-TW
- Total699,000 shares @ --TTE-FR
- UniCredit S.p.A.161,000 shares @ --UCG-IT
- Volkswagen Group136,000 shares @ --VOW-DE
- Woodside Energy Group213,000 shares @ --WDS-AU
Biography
Alberto Palatchi transformed a store he inherited from his parents in 1964 into Pronovias, one of the largest wedding dress companies in the world.
In 2017, Palatchi sold 90% of Pronovias to British private equity firm BC Partners for an estimated $550 million.
Pronovias wedding dresses are sold in more than 105 countries through a network of 123 stores and more than 4,000 points of sale.
Palatchi also has more than $1.1 billion invested in a Spanish investment fund that is similar to a mutual fund.
He's also invested in art and a broad swath of U.S. and European stocks.
About
Palatchi's father fled Turkey during World War I and moved to Barcelona.
In 1922 Palatchi's parents opened a store in Barcelona called El Suizo that sold lace and embroidery for wedding dresses.