Bugatti is a luxury car brand that has become synonymous with wealth and prestige. The company was founded by Ettore Bugatti, an Italian-born engineer and designer, in 1909. Throughout the years, Bugatti has been led by a number of CEOs, each of whom has contributed to the company’s success and wealth.
Ettore Bugatti was born into an artistic family in Milan, Italy in 1881. He was trained as an engineer and quickly became known for his innovative designs. In 1909, he founded the Bugatti Automobiles company in Molsheim, France. His first car, the Type 13, was a huge success and set the stage for the future of the brand.
Throughout the years, Ettore Bugatti continued to design and produce high-performance cars that were favored by wealthy collectors and racing enthusiasts. His son, Jean Bugatti, also played a major role in the company and was responsible for designing some of the brand’s most iconic cars, including the Type 57 and the Type 41 Royale.
Despite the company’s success, Bugatti faced financial difficulties in the 1930s and was eventually forced to sell the company to the German automaker, Auto Union. Ettore Bugatti died in 1947, and the company struggled to regain its footing in the years following his death.
In the 1990s, the brand was revived by Italian businessman Romano Artioli, who purchased the rights to the Bugatti name and founded Bugatti Automobili SpA. Artioli oversaw the development of the Bugatti EB110, a supercar that was praised for its speed and performance. However, the company faced financial difficulties once again and was eventually sold to the Volkswagen Group in 1998.
Under Volkswagen’s ownership, Bugatti has experienced a resurgence in popularity and has become known for producing some of the world’s most expensive and exclusive cars. The current CEO of Bugatti is Stephan Winkelmann, who was appointed in 2018. Winkelmann has been credited with revitalizing the brand and has overseen the development of several high-profile models, including the Bugatti Chiron and the Bugatti Divo.
As for the wealth of Bugatti’s founders and CEOs, it’s difficult to estimate the exact amount. Ettore Bugatti was certainly a wealthy man during his lifetime, thanks to the success of his cars and the patronage of wealthy collectors. However, he faced financial difficulties towards the end of his life and was forced to sell the company. Similarly, Romano Artioli was once a wealthy businessman, but he also faced financial difficulties and was eventually forced to sell Bugatti.
Today, the Volkswagen Group is one of the wealthiest companies in the world, and Bugatti is one of its most prestigious brands. The exact net worth of Bugatti’s current CEO, Stephan Winkelmann, is not publicly available, but he is certainly a wealthy man in his own right. Ultimately, the wealth of Bugatti’s founders and CEOs is a testament to the enduring popularity and prestige of this iconic brand.