Saturday, 9 June 2012

83.Ernesto Bertarelli & family

Ernesto Bertarelli & family
Net Worth
$10.6 B As of March 2012
At a Glance
  • Age: 46
  • Source of Wealth: Biotech, investments
  • Residence: Gstaad, Switzerland
  • Country of Citizenship: Switzerland
  • Education: Bachelor of Arts / Science, Babson College; Master of Business Administration, Harvard University
  • Marital Status: Married
  • Children: 3
Forbes Lists
Ernesto Bertarelli inherited biotech firm Serono when his father died in 1998; he ran it with his sister for many years, expanding revenue to $2.4 billion by 2006. The company's blockbuster drug was $1.4 billion (annual sales) multiple sclerosis therapy Rebif. Bertarelli sold Serono to Germany's Merck in 2007 and took home $9 billion with his sister and mother. Bertarelli's Team Alinghi, two-time winner of the America's Cup, lost to rival racing billionaire Larry Ellison in February 2010. Bertarelli is still sailing competitively in the Extreme Sailing Series; and earlier this year he launched a new 92-meter yacht, Vava II, worth over $100 million. The family's Kedge Capital is expanding into asset management with Northill Capital and real estate with Crosstree Capital Partners. Meanwhile an investiment in allergy medication provider Stallergenes via Ares Life Sciences is not faring so well: stock price down 26% over past year. Family supports marine conservation in the Indian Ocean and neuroscience research at Harvard. His wife continues to build her music career, signing with Sony / ATV this year. [...] more

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