Flavio Briatore is an Italian businessman, he has a net worth of $150 million. Flavio Briatore has earned his net worth as a former manager or principal of two Formula One racing teams. The most recent team was Renault F1, he was also part-owner and chairman of London’s Queens Park Rangers F.C. from 2007 to 2010. After Briatore was accused of in race fixing at the 2008 Singapore Grand Prix, he was made to resign from the ING Renault F1 team. Briatore was banned from any events sanctioned by the FIA, after they completed their own investigation of the allegations. But this decision was overturned by the French Tribunal de Grande Instance. Briatore was born in Verzuolo near Cuneo, Italy, in the Maritime Alps, and even though his parents were elementary school teachers, he fluked out of public schools a few times and had to switch to a private school (independent school) to get a diploma. Some of his first jobs included a ski instructor and restaurant manager. Later he opened his own restaurant called Tribüla, after his nickname. But the place was unsuccessful and went bankrupt.
Some of his other careers included a door-to-door assurance policies salesman, business assistant to Attilio Dutto, owner of the Paramatti Vernici paint company and he once worked in the Italian stock exchange. Briatore was involved in the bankruptcy of Paramatti, where he was convicted on various counts of fraud in Bergamo and Milan and sentenced to 4 years and 6 months in prison, these charges also included gambling-motivated fraud, cheating and swindle by fake playing cards. In 1988 he attended his first Formula One race, the Australian Grand Prix, in 1988, even though he lacked interest in the sport he eventually became the managing director Formula One team, Benetton Formula Ltd. (formerly Toleman), where set about to turn the team into a competitive team. Briatore is married to ‘Wonderbra’ model Elisabetta Gregoraci, and they have one child, he is also a big fan of the Italian football club Juventus F.C.
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