Billionaire Profile
Ugo Gussalli Beretta & family
Global Rank
#1373

Image: Public domain | via Wikimedia Commons

Ugo Gussalli Beretta & family

CEO, Fabbrica d'Armi Pietro Beretta S.p.A.
IT
Real-Time Net Worth
$2.9B
As of December 2025
Age
88
Source
Firearms
Industry
manufacturing
Citizenship
IT

Biography

Ugo Gussalli Beretta, born in 1936, is a prominent Italian billionaire, celebrated for his leadership within the world's oldest firearms manufacturer, Fabbrica d'Armi Pietro Beretta S.p.A.. As the 14th generation to lead the family business, he, along with his sons Pietro and Franco, has played a pivotal role in the company's global expansion and its enduring legacy in the firearms industry. With a wealth source rooted in firearms manufacturing, Beretta's net worth is estimated at $2.9 billion. His career spans over six decades within the company, marked by strategic decisions and a commitment to innovation while preserving the company's heritage. He stepped down from executive positions in 2015 but remains on the board of Beretta Holding.

Wealth Over Time

In-Depth Profile

Early Life

Ugo Gussalli Beretta was born in Brescia, Italy, and represents the 14th generation of the Beretta family, the founders of Fabbrica d'Armi Pietro Beretta S.p.A.. The company, established in 1526, is the world's oldest firearms manufacturer, with a history spanning nearly 500 years.

Rise to Success

Ugo's career within Beretta began with an apprenticeship and progressed through various roles, ultimately leading to his leadership position. He played a crucial role in expanding the company's global presence and solidifying its reputation for producing high-quality firearms. Under his leadership, Beretta expanded its product range to include a wide array of firearms catering to both civilian and military markets worldwide. He embraced technological advancements and innovation while maintaining the company's tradition of craftsmanship and precision. Ugo stepped down from executive positions in 2015, but continues to be involved in the company, serving on the board of Beretta Holding.

Key Business Strategies

Ugo Gussalli Beretta's leadership was marked by strategic vision, including diversification and international expansion. He focused on integrating modern materials and production techniques while upholding the company's heritage. The Beretta Holding Group has expanded its product range, especially developing a line of clothing and accessories, characterized by great attention to quality and technology and with items specifically tailored to the world of hunting, shooting, and outdoor activities. The company has also entered the field of optics, scopes, and binoculars. The acquisition of Ammotec added significantly to Beretta's annual sales and expanded its customer base to include several NATO militaries.

Philanthropy

Ugo Gussalli Beretta's wife, Umberta Gnutti Beretta, has been actively involved in philanthropy, supporting art, medical research, and social causes. She has funded the Venice Biennale, the Poldi Pezzoli museum in Milan, and the Brescia Museums Foundation. The Beretta family also supports cancer research through the Fondazione Beretta.

Career Milestones

1995

CEO of Beretta Holding S.A.

Pietro Gussalli Beretta restructured the Beretta Holding group, which he manages with his father Ugo Gussalli Beretta and his brother Franco Gussalli Beretta.

2015

Stepped down from executive positions

Ugo Gussalli Beretta stepped down from executive positions and continues to sit on the board of the Luxembourg-based Beretta Holding.

Philanthropy & Social Impact

Arts

Venice Biennale

Unknown

Umberta Gnutti Beretta has funded the Venice Biennale.

Arts

Museo Poldi Pezzoli in Milan

Unknown

Umberta Gnutti Beretta has funded the Museo Poldi Pezzoli in Milan.

Arts

Brescia Museums Foundation

Unknown

Umberta Gnutti Beretta has funded the Brescia Museums Foundation in northern Italy.

Medical Research

Fondazione Beretta

Unknown

The Beretta family supports cancer research through the Fondazione Beretta.