He is the chairman of the company and has been since 2005.
Piero Solari Donaggio is a Chilean retailer with a net worth of $3.1 billion. He is the chairman of Falabella, Chile's oldest and largest retail company, and has held the position since 2005. His wealth is derived from his inheritance of the company.
Piero Solari Donaggio is a member of Richest Billionaires
💰Piero Solari Donaggio Net worth: $3.1 Billion
An Italian immigrant, Salvatore Falabella, started the first Falabella tailor shop in 1889. Several decades later, Alberto Solari, Piero's uncle, joined the business, and prompted into expanding the shop with housewares and women's clothing. In 1958, Falabella was converted into a department store, and several years later, a new store was launched in Argentina. Nowadays, the family business has become a Latin powerhouse that holds over 80,000 employees in Chile, Argentina, Columbia and Peru, and also, it has declared having plans to make investments of $ 3.92 billion throughout the period from 2013 to 2017. Piero shares his part of the stake with his brothers Carlo Solari Donnagio and Sandro Solari Donnagio.
