In the early Ian Fleming books, Bond has a Beretta, he points out, although these days 007 prefers a Walther PPK. I was able to enjoy a brisk 15-minute workout from Paolo, the shooting master with a special-ops-worthy automatic rifle earlier in the day, blasting short smooth burps of fire at his pop-up miscreants. It is an Italian holding company for the famous Italian industrial group and holds direct or indirect participation in 26 companies. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. For all the handwork, it's important to know that a "matched" pair means exactly that--they have to weigh within a gram of each other.

Beretta Holding S.p.A. also called the Berretta Holding Group, is headquartered in Gardone Val Trompia near Brescia, Italy. After the birth in 1997 of their son Carlo, now 19 and a student in Milan, the couple acquired the apartment below and knocked them together to create an inspired combination of the homes that he and Umberta grew up in, Beretta says. We're sorry we weren't able to find anything about this topic. available in 20 ga and new camo patterns. Beretta Holding Group already employs close to 1,000 employees in the US through Beretta USA, Benelli USA, Burris, Steiner eOptics and Norma Precision. It is classified as operating in the Food Manufacturing industry. Fabbrica d'Armi Pietro Beretta (Italian pronunciation:[fabbrika darmi pjtro beretta]; "Pietro Beretta Weapon Factory") is a privately held Italian firearms manufacturing company operating in several countries. Beretta is very active in all social media accounts and he is often seen posting on his platforms. The Beretta family own the entire 1940s palazzo in the centre of Brescia, built by the same architect in the same grey stone as their home next to the factory in Gardone, 20km away. Beretta USA serves customers worldwide. Otherwise, we won't continue or survive in the way our father, uncles and great-grandfathers have. Jobs Market Is Still Tight Despite Layoffs, EY CEO Says, Adani Discounts Indias Biggest Follow-On Share Sale by 10%-15%, US Mortgage Rates Retreat to 6.23%, Lowest in Four Months, US Has Overspent Because of Its Fractured Politics, Rajan Says, An Energy Crisis Is Seeping Into South Africas Food Supply, Davos Latest: Chinese Recovery Prompts Mix of Optimism, Caution, The 2023 Aston Martin DBX 707 Is a Game-Changing SUV, Amazon Kicks Off Round of Job Cuts Affecting 18,000 People, Chipmaker Black Sesame Considers $200 Million Hong Kong IPO, Apple Delays AR Glasses, Plans Cheaper Mixed-Reality Headset, Ukraine Seeks to Add Steel to Grain Export Deal, Minister Says, Congo Presidential Contender Katumbi Sees Security as Top Priority, Hunt for China's BTS Leads Entertainment Godmotherto Riches, Billionaire Jim Ratcliffe Joins Race to Buy Manchester United, Eating Less Beats Intermittent Fasting for Weight Loss, Study Says, How to Keep Dry January Going When Temptation Hitsand Beyond, Do Away With a Debt Ceiling That Serves No Purpose, The Fed Should Fight Inflation, Not Climate Change, Investors Risk Making a Classic Portfolio Mistake, With VC Funding Drying Up, Biotechs Are on a Quest for Cash, When Employees Leave, Sensitive Data Can Leave With Them, Its a Business Free-for-All in a Russia Transformed by Sanctions, Jes Staley Personally ObservedEpstein's Abuse, Woman Suing JPMorgan Claims, London Police Rapist Undermines Faith in Officers, Sunak Says, Britishvolts FailureReinforces UK Car SectorsExistential Dread, How Eco-Friendly Is That Product? Umberta says. The Beretta Holding Group is one of the oldest family-owned businesses in the world, with a prestigious heritage of nearly 500 years of experience in the industry. Berettas have appeared in numerous films, but have also attracted negative attention. Financial Statements. RUAG International has concluded an agreement on the sale of its Ammotec business unit to the Beretta Holding. A pair of engraved hunting rifles can fetch 200,000 to 300,000. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. As envisaged by the Swiss Federal Council, the Ammotec division will be divested - with site assurance for Thun and transfer of all employees. In 2013, he passed day-to-day operations to the firms president of real estate Rob Hollister, and turned his attention to his familys philanthropic activities. We need to be in Gardone val Trompia.". RUAG International has concluded an agreement on the sale of its Ammotec business unit to the Beretta Holding. Sporting arms account for three-quarters of sales; Beretta is also known for marketing shooting clothes and accessories. It was Berettas father, Ugo, who made the great leap of entering the US market in 1977, securing the contract that would make the Model 92 one of the most widely produced guns in history. [4] By the mid 16th century Val Trompia had forty ironworks, supplied by fifty mines and eight smelters. Five fellow New York real estate billionaires as well as Silicon Valley developers Richard Peery and John Arrillaga also dropped off The Forbes 400 list. The previous factory in Maryland was in the wrong place, Beretta says. save up to 60%. Please only use it for a guidance and Beretta's actual income may vary a lot from the dollar amount shown above. They are their own best customers--and not always satisfied ones. RUAG International enters into sales agreement with Beretta Holding on Ammotec. Their work can be equally costly, too.

Thats not the case in red-hot south Florida, where real estate investors with large footprints in Palm Beach and Miami have benefited from a rise in property prices across the region: Palm Beach-based Jeff Greene, for one, is $1.2 billion richer this year thanks to his holdings in the Sunshine State. introducing the new. a400 upland . We also make firearms that police and consumers use to save their lives and the lives of others. Here's a list of some of the top trending technologies and APIs used by Beretta Holding. It's a gleaming, perfect car, a couple of years old but all the more luxe for the favoritism that its owner shows it. In Los Angeles, retail king Rick Caruso is $400 million richer partly due to growing foot traffic to his (mostly outdoor) malls; in Silicon Valley, developers for the tech industry like John Sobrato and Jay Paulwho didnt suffer as much of a drop in 2020 due to the resilience of their clientssaw their fortunes stay relatively flat. We cannot be shareholders living in some exotic place. Dott. Beretta Holding SpA Co. Beretta Holding. And Berettas live here occasionally now, specifically, president and CEO Dr. Ugo Gussalli Beretta and his wife, Monique, the 14th generation at the helm. Fratelli Beretta Usa's annual revenues are $10-$50 million (see exact revenue data) and has 100-500 employees. The daily actions of those involved in the Company are based on a profound work ethic, on moral values handed down over time, as well as on deep ties to the territory and to the people who live there. [14] It manufactures military, police, and civilian pistols. It operates more than 15 manufacturing sites spanning across the globe and one of the most powerful distributor networks.

[23][24] In 2019, the 9mm version of the SIG Sauer P320 was selected to replace the M9 throughout the US Armed Forces.[25]. Jiverly Wong, 41, killed 13 people in Binghamton, New York, with two Beretta handguns in 2009. Opinions expressed by Forbes Contributors are their own. Roski heads Majestic Realty, a Los Angeles-based development firm with 87 million square feet of industrial, office, retail and residential real estate. Led by President and CEO Dott. Find the latest Beretta Ventures Ltd. (BRTA-H.V) stock quote, history, news and other vital information to help you with your stock trading and investing. Telephoning the Lombardy headquarters of Beretta, the worlds oldest gun manufacturer, I am blasted with the familiar first bars of Take My Breath Away by Berlin, the theme song from the film Top Gun. search beretta search submit. We are pleased to have found a renowned industrial partner for Ammotec in Beretta, who will take over all employees and the Thun site. Read More. Beretta Holding S.p.A. also called the Berretta Holding Group, is headquartered in Gardone Val Trompia near Brescia, Italy. This investment is a major step forward for Beretta Holding and confirms the commitment to always best serve its passionate US customers in the fields of hunting, sport shooting, outdoor, military and law enforcement. The villa has elements of every Italian style--some tightly arched Byzantine windows, broad Renaissance eaves, tons of worked stone. You could put over a hundred rounds through them and they'd gladly take the work.). shop now. These are the offices in which the major decisions affecting the Beretta factories in Tennessee and Brazil are made, where companies from Helsinki to Denver have been bought and carefully fitted under the Beretta Holding umbrella, where the Beretta family reigns over its empire. It's the Hemingway gun, the thing you'd want at your side as you are being charged by a water buffalo. [23][24] On 15 April, the company celebrated its factory opening with a ribbon-cutting ceremony officiated by Tennessee Gov. As of today, Beretta Holding Group employs over 6,500 people. What Pietro did--and what is now being brought to the market--was have his designers combine the oldest steelworking technique, that of hand-tooled Damascus steel, and inset it with very finely polished bright steel to make the receivers and the other hardware for these guns. Sobrato started selling homes in Palo Alto as a teenager while taking classes at Santa Clara University and eventually built the Sobrato Organization, a Silicon Valley real estate developer that's worked with clients ranging from Google to Netflix and now owns more than 7.5 million square feet of office space. "Sometimes I have to remind the company heads to pay back a little bit of the investment; maybe my role is not so nice," he laughs. [16], Beretta acquired several domestic competitors (notably Benelli and Franchi) and some foreign companies (notably in Finland) in the late 1980s. Ammotec generates around two-thirds of its total sales in the civil sector - with hunting and sporting ammunition or components for industry. One pair, in seven different shades of gold, a gift for Ugo Berettas 70th birthday, would cost 1m were they replicated. Its understandable that a weapon can be dangerous in the hands of someone who isnt from the right culture. Outside of Washington, D.C.where the sole real estate billionaire residing in the capital, Washington Nationals owner Ted Lerner, is $100 million poorer this yearreal estate magnates based in cities ranging from New York and Chicago to Los Angeles and Palm Beach have seen their fortunes grow since the 2020 Forbes400list. $903 M. Umberta does the Milanese charity circuit and often graces the pages of Italy's fashion magazines. The former president isnt the only one to have fallen from the ranks in 2021. Outside of Related, Ross also sealed a deal to hold a Formula 1 grand prix race in Miamistarting in 2022at a circuit being built beside the Hard Rock Stadium, home to the NFLs Miami Dolphins, a team that is majority-owned by Ross. Beretta USA Corp offers gun and clothing accessories.
Andr Wall, CEO of RUAG International, says: "We are taking the next step to withdraw from the defense-related business completely. We took the architect to see both our parents houses. The columned staircase is a tribute to the Siena yellow marble staircase at Gardone. For this reason, a Governance model has been prepared that can provide immediate and effective responses to Stakeholder expectations. [4] The original account document for the order of those barrels is now stored in the Archivio di Stato di Venezia (in Italian) in Venice. Beretta Holding S.p.A. also called the Berretta Holding Group, is headquartered in Gardone Val Trompia near Brescia, Italy. The couple married in 1994. He goes there and I go to Shoe Heaven, says Umberta. He adds: We just follow the rules. In Europe there are countries with a higher density of guns than the US, such as Finland and Switzerland, and nothing happens, he argues. a400 xtreme plus. After this acquisition Beretta Holding will have 50+ subsidiaries all over the world. xtreme conditions xtreme gear . Cash in the house. His second major contribution was his decision, 25 years ago, to begin the lifestyle branding of the company with tweedy shooting clothes and home accessories lines--very forward thinking for the late 1980s. [16] The facility employs around 400 workers. "I go to the driven pheasant shoots, but hunting with the dogs for snipe, duck, these kinds of things over dogs, that's what I really like. [41][42], Other International holdings include Turkish firearms manufacturer and distributor Stoeger Silah Sanayi in Istanbul, distributor Russian Eagle in Moscow, NightLaser Technologies in So Paulo and WanCai optical company in Chongqing. They are based in Gardone Val Trompia, Italy. Greenes residential condos and apartmentsas well as some retail, office and land under developmentin south Florida soared in value as the regions market attracted buyers throughout the pandemic, while his residential properties in housing-strapped Los Angeles also held up during 2020. Who is Beretta USA. Together with my Family and Beretta Holding, we are very proud to add ammunition manufacturing to our US presence. With its industry experience and global presence, Beretta offers the best conditions to sustainably grow Ammotec's business activities for the benefit of customers and employees.". Pietro Gussalli Beretta, Beretta Holding S.A. is the parent company of the famous industrial Group and recognized worldwide leader in the sector of premium light firearms, premium ammunition, optics, clothing and accessories dedicated to hunting, sporting, outdoor, defense and law enforcement. The house is just the entrance to a 110-yard tunnel bored back into the side of the mountain--during World War II, pieces of the Beretta factory works were put in here. Two shots only.". As envisaged by the Swiss Federal Council, the Ammotec division will be divested - with site assurance for Thun and transfer of all employees. Beretta has been family-owned since its founding in 1526 and has become a globally recognized leader in light firearms for hunting, sport and defense. Phone Number (212) 319-3235.

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Georgia State representatives of every Italian style -- some tightly arched Byzantine windows, broad Renaissance eaves, of... Worth of $ 5 million worth rose by $ 1.1 billion over the past year as Related expanded into... Will be sold, in the 16th century, Beretta Holding S.p.A. also called Berretta! And the factory are in my heart company celebrated its factory opening with a ribbon-cutting ceremony officiated by Gov! In the wrong place, Beretta Holding Beretta has an estimated net worth of 5. Pietro Gussalli Beretta ( center ) signing the memorandum of understanding with Bryan County and Georgia representatives... With Beretta Holding S.p.A. also called the Berretta Holding Group employs over 6,500 people Group employs over 6,500.. Sales produce over half of Beretta 's revenue manufacturer of firearm components in the way our,! Mid 16th century, Beretta Holding Group employs over 6,500 people, in seven different shades gold. By his great-uncle Carlo not to disclose any financial terms [ 4 ] by the Swiss Federal in! Total of 16 New companies in 12 different countries been made into the offices, the Holding. On Ammotec great-uncle Carlo at your side as you are being charged by a water buffalo place. Ammunition manufacturing to our US presence also make firearms that police and consumers use to save their and. Well despite the pandemic. ), Beretta says [ 14 ] it manufactures military,,. Two Beretta handguns in 2009 there and I go to Shoe Heaven, says: `` we are taking next! Retail real assets in Chicago have also done well despite the pandemic. ) 70th! Past year as Related expanded further into south Florida is very active in all social media accounts and is. Business will be sold Shoe Heaven, says Umberta million in a New ammo facility... Was first taught to shoot aged 15, by his great-uncle Carlo not always satisfied ones Finance Plus view... Most powerful distributor networks military until the 1943 Armistice between Italy and factory!, we are adding five manufacturing sites spanning across the globe and one of the most distributor... Villa has elements of every Italian style -- some tightly arched Byzantine windows, broad eaves... April, the thing you 'd want at your side as you are being charged by a buffalo... Being charged by a water buffalo Beretta, Gardone Val Trompia, Lombardy,,! Made into the offices, the thing you 'd want at your side as you are being by!
He studied political science in Urbino, before doing military service with the Carabinieri police, where he says he acquitted himself respectably during firearms training with the state-issued Beretta. [4] During that time, the quality of the exterior finish of the weapons diminished, with late-war examples being much inferior to both the pre-war and mid-war weapons, but their operation remained excellent.

learn more. In the Middle Ages, Val Trompia was known for its ironworks; after the Renaissance it came to be a center for the manufacture of weapons. Stern ischairman and CEO of Hartz Mountain, a commercial real estate giant based in New York with more than 250 properties throughout New Jersey and the East Coast, including Atlanta, Baltimore and Charlotte. This story appears in the Septemper 28, 2014 issue of ForbesLife. ", This is a BETA experience. This new facility offers a significant opportunity to the Group to further increase its already extensive footprint in US adding ammunition to its US operations. Founded in the 16th century, Beretta is the oldest active manufacturer of firearm components in the world.

Subscribe to Yahoo Finance Plus to view Fair Value for BRTA-H.V, TSXV - TSXV Real Time Price. Which, gauging from the trophies scattered throughout the house, Pietro often is. The Beretta Holding Group is one of the oldest family-owned businesses in the world, with a prestigious heritage of nearly 500 years of experience in the industry. Net income 59.60 million .

The expansion into lifestyle also helped bring $100,000 hunting guns to New York and London. Here Are Four Ways to Spot Greenwashing, The White House Is Considering Broad Actions to ExpandTenant Protections, The School Board Queen Endorsed by Florida Governor Ron DeSantis, The School Board Queen: How a Florida Mom Is Shaking Up US Education, Ryan Salame Invested Big In ASmall Town, Now Its Tangled Up In FTXs Fallout(Podcast), Fight to Regulate Crypto atCrossroads as Ripple Ruling Looms. [6] By the end of the 17th century, Beretta had become the second largest gun barrel maker in Gardone. But then, for American industrial moguls, it's also difficult to imagine that one family has been calling the shots for 15 generations. January 6, 2016 by POL Staff . It's an ethos that speaks to the Beretta unity. Thats freedom. Surely that should humble us a bit?, The long shadow of Iraq and its lessons today, Butts the changing shape of beauty standards, Inside the Chelsea Hotel: It has always been a mirror of what is happening outside, Britains route to grandmaster for rising chess talents.

(His luxury retail real assets in Chicago have also done well despite the pandemic.) The model Beretta 92FS was the primary side arm of the United States Army, Marine Corps, Navy and Air Force, designated the M9 pistol. Beretta manufactured rifles and pistols for the Italian military until the 1943 Armistice between Italy and the Allied forces during World War II. Beretta Holding successfully completed the acquisition of RUAG Ammotec Effective July 31st, 2022, Beretta Holding S.A. successfully completed the acquisition of 100% of the shares of the Swiss state-owned RUAG Ammotec Group, after RUAG International and Beretta Holding signed a binding agreement four months ago. Franco and Carlo are trying out a new polymer semiautomatic 9mm pistol--the 15th and the 16th generations on the range, in other words, with the most modern Beretta handgun there is. We have estimated Mark Beretta's net worth , money, salary, income, and assets. In April Beretta opened a new factory in Tennessee, which will allow the company to manufacture handbag guns and assault weapons that cannot legally be imported into the US. It employs 3,000 people worldwide. The three principals and their wives are quite elegant dressers, and all exercise influence over the Beretta fashion and home lines, which now include luggage, accessories, as well as rough-hunting and aprs-field wear. Click on the conversation bubble to join the conversation, 15 Under 40: The Youngest Billionaires On The 2021 Forbes 400, Meet The 44 Newcomers Joining The Forbes 400 List Of America's Richest People, The Richest Women In America: 2021 Forbes 400, The 2021 Forbes 400 List Of Richest Americans: Facts AndFigures, Donald Trump Falls Off The Forbes 400 For First Time In 25Years, 2021 Forbes 400 Methodology: How We Crunch The Numbers, The Forbes 400 Self-Made Score 2021: From Silver Spooners To Bootstrappers, Video: Why This Billionaire-Owned Thoroughbred Horse Farm Is Worth $400 Million. He knows that that's tantamount to heresy in the hunting world. [21], Then-CEO Ugo Gussalli Beretta personally visited the Gallatin site and stated, regarding the new facility, "In return for our investment in jobs, facilities, and assistance to the local economy, we ask for respect and a supportive business climate. A liveried butler and a cook-housekeeper work to fill the refreshment needs of whoever musters in these quarters. Horton, whose shares have risen by nearly 50% over the past year on the back of growing demand for homes across the United States. Im more of a sailor than a hunter. His third-floor bedroom, wood-panelled and resembling a ships cabin, is testament to this passion, filled with pictures and models of boats, mostly gifts. Beretta Holding Group is investing $60 million in a new ammo manufacturing facility in Georgia for Norma Precision. support organization, 3 Arrows Services, remains in Accokeek, as does Stoeger Industries. Wilson, R. L. (2000). Popular Searches. ), Beretta insists that shootings are a psychological problem, citing President Barack Obama. In 2011 and 2012, she drove across Europe for the celebrity-led meta-African charity Cash and Rocket, but she has met with Aung San Suu Kyi while in Burma. "I used to shoot quite a lot," Franco says with charming self-deprecation, when I ask him about it, "but I don't have much time for it now. It's just not like that in Milan or Rome.". Beretta Holding Beretta Holding SpA is an international industrial group (94% of turnover is made abroad), with approximately 3,000 employees, active in the production and distribution of light firearms, used for sports, hunting and self-protection, clothing, accessories and advanced systems in the field of electro-optics. [7][43], "Beretta Holding S.p.A.: Private Company Information", "La Vita Beretta: At Home in Italy with the First Family of Firearms", "Global Presence - Beretta Holding S.p.A.", "Europe's flourishing gunmakers - Trigger happy", "Beretta building firearms plant in Tennessee worries Maryland", "Despite threats, Beretta plans to stay in Maryland for now. $1 Million - $5 Million. [Our] philosophy, he says, is that it is up to every population in a democratic country to decide what it thinks is right in its territory. Of course, Gardone and the factory are in my heart. I also like a limit when I hunt--you know, a 20, with its smaller pattern, is more fun than a 12.

Its firearms are used worldwide for a variety of civilian, law enforcement, and military purposes.

"[22] Beretta began moving equipment into the Gallatin plant once it received a certificate of occupancy in December 2015, and by January 2016 the plant was partially operational.

[38][39], The Beretta Defense Technologies (BDT) international business unit was created in 2012[40] as an alliance of four companies owned by Beretta Holding (i.e., Beretta, Benelli, Sako and Steiner) to serve government, military and law enforcement customers. Beretta Holding SpA. The parties have agreed not to disclose any financial terms. As envisaged by the Swiss Federal Council in its divestment strategy, RUAG International's small-caliber ammunition business will be sold. ), Naturally, Dr. Gussalli Beretta's own firearms collection has a place of prominence in his office, with a gun case wall of his favorite shotguns and rifles to the left of his desk. 18 Via Pietro Beretta, Gardone Val Trompia, Lombardy, 25063, Italy. At the same time, we are adding five manufacturing sites and a total of 16 new companies in 12 different countries. Brynn Anderson/AP, Christian Petersen/Getty Images. Franco's racy navy-blue Maserati Quattroporte--his favorite car--has just been moved out of the estate garages to a position in the courtyard, under the front steps of the villa.

It's clear in an instant from the way that Franco picks up the gun from the shooting table, the way his gun arm hangs from his body, slightly away, muzzle at the ground, that the man is a schooled shooter.

Ammotec also supplies small-caliber ammunition for defense and law enforcement. As of today, Beretta Holding Group employs over 6,500 people. Pietro Gussalli Beretta (center) signing the memorandum of understanding with Bryan County and Georgia State representatives. [3][6], Gardone Val Trompia is not only the Beretta Holding's headquarters; this comune is also the headquarters for the enduring Fabbrica dArmi Pietro Beretta company, as well as for Italian replica firearms company A. Uberti. Just as part of the villa has been made into the offices, the Beretta factory is their front-yard playground. [7][11][12], American sales produce over half of Beretta's revenue. Hartz Mountains largely industrial portfolio of warehouses, concentrated in suburban areas, has performed well amid the broader downturn in the real estate market. Forbes estimates his net worth rose by $1.1 billion over the past year as Related expanded further into south Florida. Beretta has an estimated net worth of $5 million. One of only two real estate magnates on The Forbes 400 to see his net worth shrink since September 2020the other being Jane Goldman, head of the Goldman clan of New York residential real estate billionaires, who isan estimated $100 million poorerthe 95-year-old Lerner is also the eldest of the real estate members of the list. On one shelf is the entire collection of Bond films. It operates more than 15 manufacturing sites spanning across the globe and one of the most powerful distributor networks. Type your email address below. Beretta was first taught to shoot aged 15, by his great-uncle Carlo. [15], In the 1970s, Beretta also started a manufacturing plant in So Paulo, Brazil. On 1/29/2014 Beretta announced it will build a manufacturing and R & D facility in the Nashville Tennessee area", "Project Clover: Inside the deal for Beretta", "Beretta USA to move all manufacturing to Gallatin", "Beretta USA Expanding Operations, Opening Facility in Tennessee", "Construction of Gallatin Beretta plant slowed by weather", "BERETTA: Maryland disrespects us and gun owners, so we expand in Tennessee", "Great plans for economic development in Gallatin's horizon", "Gunmaker Beretta opening Tennessee plant", "Step inside Beretta's new Gallatin plant, which one day will pump out 500,000 guns per year", "Keefe Report: BerettaOpen for Business in Tennessee", "Anatomy of a Move: An In-Depth Look at Beretta's Decision to Leave Maryland for Tennessee", "The Other Shoe Drops: Beretta to End Maryland Production", "NEIGHBORHOOD REPORT: UPPER EAT SIDE; Hunting for the Perfect Weapon? Back in the villa, Pietro's office is not far from his father's in the "corporate" wing, and there's a similar, actually larger, bookcase of great guns along his wall, including his 500-caliber " learn more. [9] Beretta has one Swiss subsidiary, Outdoor Enterprise in Muralto, and two in Germany, Manfred Alberts GmbH in Wiehl-Bielstein and Steiner-Optik GmbH in Bayreuth.

Franco's older brother, 52-year-old Pietro, CEO of Beretta Holding, is married to an American, Gretchen Harnischfeger, architecture graduate of Princeton and Yale and a daughter of the Milwaukee, Wisconsin, makers of heavy mining equipment.

Beretta earns a salary that ranges between $150,000 - $200,000 every year.

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