Europe, Politics, Sports

How rich is Matteo Renzi?

Name: Matteo Renzi

Born: January 11, 1975

Occupation: Attorney, athlete and politician

Matteo Renzi, fair use
Matteo Renzi, fair use

Matteo Renzi was born in Florence, Italy on January 11, 1975. He is the son of Tiziano Renzi, a small business owner and politician, and Laura Bovoli. He has three siblings: Benedetta, Matilde and Samuele.

Matteo studied at the Classical Lyceum Dante Alighieri during his youth. He would study law at the University of Florence, where he graduated in 1999.

Matteo has been married to Agnese Landi, a schoolteacher, since 1999. They have three children: Emanuele, Francesco and Ester.

One of his first jobs was in sales at CHIL, a family-owned marketing agency. He also worked as a football referee and a fustal player. In an interesting turn of events, Matteo appeared in the Italian version of the “Wheel of Fortune” and would win 48 million lire.

He first became interested in politics when he was in high school. By 1996, Matteo co-founded a committee that supported Romando Prodi’s campaign for prime minister in the general election. At this time, he also joined the Italian People’s Party, a centrist political organization. In 2001, Matteo signed up for The Daisy party – three years later, he was elected as President of Florence Province thanks to a centre-left partnership. During his tenure, he slashed spending and cut taxes.

In 2009, Matteo was elected as mayor of Florence, and was quite popular as he cut the number of councillors, increased welfare spending, decreased kindergarten waiting lists and invested in technology.

Four years later, Matteo worked to become Secretary of the Democratic Party. Under his leadership, the party joined the Party of European Socialists (PES). In 2014, Matteo became the Prime Minister of Italy and his cabinet was the youngest in the government’s history.

Despite success in local politics, he could not emulate that feat at the federal level as his government was marred in controversy and a barrage of criticisms, primarily when it came to illegal immigration from Libya and Syria. He was also lambasted for wanting to host the 2024 Summer Olympics in Rome. The populist movement in Italy was not happy by Matteo’s close relationship with the French socialists.

He would eventually resign from his position in December 2016 after failing to win a referendum that would increase the size of governmental power. He would be succeeded by President Sergio Mattarella. However, Matteo announced in February 2017 his Democratic Party leadership bid for the next Italian election.

Described as a centrist, Matteo has formed his political beliefs that merge the British Labor Party and former United States President Bill Clinton’s Democratic Party during the 1990s. At the same time, his opponents have often said that Matteo will change his stances based on political expediency.

We estimate that Matteo Renzi’s net worth is $21 million (2017).

So how much is $21 million really?

$21 million can pay just to bid for the Summer Olympics. $21 million can also pay for a villa in Florence.


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