Ernesto Bertarelli Net Worth is$10.6 Billion
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Profession: Businessperson, Entrepreneur, Athlete
Date of Birth: Sep 22, 1965
Ethnicity: Italian people
Country: Switzerland
Net Worth: View Ernesto Bertarelli Net Worth
What is Ernesto Bertarelli's net worth? Ernesto Bertarelli's net worth is $10.6 billion dollars which makes him the richest person in Switzerland. Born in Rome, Italy, Ernesto Bertarelli grew up in Switzerland. He graduated from Babson College and then went on to earn an MBA from Harvard Business School in the early 90s. He became CEO of Serono in 1996. He became co-owner of the company, which produces pharmaceuticals in 1998, after his father, the founder, passed away. He and his sister, the co-owner, changed the company's focus from pharmaceuticals to biotechnology. The move proved to be a smart one, and the company's profits increased from $809 million to $2.8 billion over the course of ten years. Serono merged with German pharmaceutical company Merck KgaA in 2007 to become Merck-Senoro. In addition to his work at Serono, he also served on the board of USB AG for seven years, and currently manages multiple investments through Kedge Capital Group and Northill Capital, and helms Ares Life Sciences, a medical technology investment firm.
Ernesto Bertarelli (born 22 September 1965) is a Swiss-Italian billionaire and entrepreneur.
Together with his extended family, Bertarelli was ranked 81st in the 2011 annual ranking of the world's wealthiest people compiled and published by Forbes magazine, The family's wealth was estimated at US$10.6 billion.
Born in Rome, his family moved to Switzerland in 1977. He graduated from Babson College in 1989, and earned an MBA at Harvard Business School in 1993.
His father founded Serono, a pharmaceutical company that he moved from Rome to Switzerland. Bertarelli became CEO and Deputy Chairman in 1996, and with his sister Dona inherited ownership in 1998 on the death of his father. Changing the company's focus from pharmaceuticals to biotechnology, revenues increased from $809 million in 1996 to $2.8 billion in 2006. The company gained fame from its discovery of a natural hormone used in the treatment of female infertility.
Bertarelli instructed advisers in 2006, agreeing to sell the company to Merck KGaA of Germany in January 2007 for US$13.3 billion, forming the new company Merck-Serono. He and his sister split a combined $9 billion stake.
Between 2002 and 2009, he served as a board director of UBS AG.
His current business and finance interests include Kedge Capital, an investment management group specializing in hedge funds, private equity and real estate.
In 2008 he launched Ares Life Sciences, which builds on his extensive healthcare industry knowledge, investing across the spectrum of medical technology, biotechnology, pharmaceuticals and healthcare. Since its inception, this investment company has already acquired majority participations in Euromedic, a leading pan-European medical services provider specializing in diagnostic imagining, clinical laboratory, renal care and cancer treatment; Esaote, a global player in diagnostic imaging, with a strong international presence in ultrasound and dedicated MRI; and Stallergenes, a biopharmaceutical

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Ernesto Bertarelli Latest News

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Posted: May 8, 2017, 6:15 pm

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Posted: May 8, 2017, 7:17 am
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