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Richard Mille Net Worth 2024; Income, Revenue Founder, History & CEO

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Richard Mille Net Worth

Who is Richard Mille?

Richard Mille is a luxury watch company based in Les Breaux, Switzerland. It was founded in 2001 by Dominique Guenat and Richard Mille. The brand is based in Les Breuleux, Switzerland, and specializes in high-priced mechanical watches, which some have criticized as overly extravagant. As of 2024, Richard Mille net worth is estimated to be around $1.6 million, according to our source.

Richard Mille has been known for creating complex, time-consuming watches, but their latest model, the 18k Gold-Plated Edition of the Rolex Daytona, is no exception. The 18k gold-plated edition of the Rolex Daytona is one of the most expensive watches on the market, and it retails for around $3 million.

Full Name: Richard Mille
Date of Birth: February 13, 1951
Age: 73 years old
Birthplace: Draguignan
Profession: Businessman
Richard Mille Net Worth: $1.6 million

Richard Mille Bio

Richard Mille was born on February 13, 1951. Richard’s zodiac sign is Cancer. He worked at Finhor, a local watchmaking company, at the start of 1974.

Later, Matra bought the company in 1981, and Richard Mille rose to manage Matra’s watchmaking business. The brand specializes in ultra-high-end luxury watches.

Richard Mille, a Swiss watch industry tycoon who has made his fortune in the luxury goods market, has announced that he will become the eighth billionaire brand in Switzerland. Mille joins fellow Audemars Piguet in this move towards becoming a major player in the Swiss watch industry.

Also, Read About: Goodwill Ceo Net Worth

Richard Mille Brand

Richard Mille worked for his first watch company in 1974. In 1988, he started his own business. He has discussed his business idea with his friend Dominique Guenat. Dominique Guenat has also already worked in the watch industry.

After one year, their professional relationship developed into a close friendship fueled by a mutual interest in aeronautics, cars, and mechanics. Together, they decided to proceed with the plan.

Richard Mille launched his first watch at Baselworld in 2001, the RM 001 Tourbillon. It has taken three years to develop. Every year, Baselworld holds the essential jewelry and watches the show globally.

The brand was developed with the RM 001 by a self-winding movement with a ribbed tonneau-shaped case that showed off the mechanism. It has also included a tourbillon caliber, a torque indicator, and a power reserve indicator.

Richard Mille Luxury Watches

Richard Mille watches can be luxurious or ultra-luxurious. Those watches are not as expensive as Mercedes Benzes, but these areas are as costly as owning a luxury house with a garage that contains a Mercedes S Class.

The Richard Mille watches are available for under USD 100,000, excluding Thailand’s luxury tax. But mainly, his watches cost at least $5000000, including the RM056, which costs over $2.2 million.

The Richard Mille Group

  • The Richard Mille group companies the following companies
  • Horométrie SA (distribution)
  • Guenat SA Montres Valgine (conception and assembly)
  • ProArt (components)
  • VMDH (decoration)[
  • Cercle d’Art (publishing)
  • In 2018, the Group employed 148 people

 

View this post on Instagram

 

A post shared by Richard Mille (@richardmille)

Horométrie SA

Horométrie is the Richard Mille brand company, created by Richard Mille in 2001 and Dominique Guenat.

It also coordinates global distribution via four partners, who operate 38 proprietary Richard Mille stores worldwide as joint ventures or franchises.

  • RM EMEA for Europe, the Middle East, and Africa
  • RM USA for North and South America
  • RM JAPAN for Japan
  • RM ASIA for South-East Asia

The Great SA: Montres Valine (GMV) developed and produced all the Richard Mille watches in Switzerland. These are Manufacture in Les Breuleux.

Assembly and quality control are performed in the building, completed in 2007, while design and development occur in the renovated 1950s building in Les Breuleux.

Technical Innovation

  • Development of the first baseplates in carbon nanofibres, titanium, and Carbon TPT
  • Development of gem-set ceramic
  • The invention of laminated sapphire crystal (RM 53-01)
  • The invention of new watch complications: Oracle (RM 069), mechanical G-force sensor (RM 036).
  • The invention of Quartz TPT® with NTPT® produced the original RM 011 in Carbon TPT® for the first time.
  • The invention of the variable-geometry rotor on RM 011.
  • The invention of the declutchable rotor.
  • The NTPT company did the invention of Quartz TPT.

Partners

Nationality Name Profession
Spain Fernando Alonso Spanish 2x Formula One world champion.
Qatar Mutaz Essa Barshim The Qatari track and field athlete
Jamaica Yohan Blake Jamaican sprinter: Blake wore a customized Tourbillon in Jamaica’s national colors during the 2012 Olympic Games in London
Germany Jessica von Bredow-Werndl German dressage rider
Switzerland Sébastien Buemi Swiss former Formula One racing driver. Currently races in WEC and Formula E.
United Kingdom Martin Brundle British former Formula One driver. Now works at Sky Sports F1 as a commentator.
Monaco Pierre Casiraghi Vice president of Yacht Club Monaco
Hong Kong Jackie Chan Hong Kong action star: RM 057 Dragon-Jackie Chan Tourbillon
Ivory Coast Didier Drogba Ivorian professional footballer
France Romain Grosjean French former Formula One driver. Now races in Indycar.
United States Cristie Kerr American professional golfer
France Cyril Kongo French painter and graffiti artist
Monaco Charles Leclerc Monégasque Formula One racing driver
Czechoslovakia Ester Ledecká Czech snowboarder and alpine skier
Ukraine Yuliya Levchenko Ukrainian high jumper
France Sébastien Loeb French 9x World Rally Champion currently competes in Extreme E
Italy Diana Luna Italian professional golfer
Argentina Pablo Mac Donough Argentino professional polo player
United States John Malkovich American actor, producer, and fashion designer
Italy Roberto Mancini[ Italian football manager and former player
Brazil Felipe Massa Retired Brazilian Formula One driver: Richard Mille has developed three special-edition Tourbillon watches with Massa, including the RM 006, RM 009, and RM 056.
France Benjamin Millepied[93] American actor, producer, and fashion designer
Spain Rafael Nadal Tennis player
South Africa Akani Simbine South African sprinter
South Africa Wayde van Niekerk South African sprinter: gold medal and broke the world record in the 400m in the 2016 Summer Olympics
France Sébastien Ogier French WRC rally driver
France Simon Pagenaud French professional Indycar and IMSA SportsCar driver
France Alexis Pinturault French World Cup alpine ski racer
France Alain Prost Retired French 4x Formula One world champion.
Germany Mick Schumacher German Formula One driver.
United States Sylvester Stallone American actor
Belgium Nafissatou Thiam Belgian athlete specializing in a multi-event competition
France Jean Todt French, President of the FIA, governing body of Formula One and other motorsports.
Belgium Stoffel Vandoorne Belgian former Formula One driver. Currently races in Formula E.
United States Bubba Watson American golfer: Watson won the 2012 Masters Tournament wearing a Richard Mille watch.
United States Pharrell Williams American music producer and singer-songwriter
Malaysia Michelle Yeoh Malaysian actress: Richard Mille developed the Richard Mille RM 051 Phoenix-Michelle Yeoh.
Norway Johannes Thingnes Bø Norwegian biathlete
France Julian Alaphilippe France Cyclist

Social Media Links

Richard Mille loves to share his pictures and videos on Twitter, Instagram, Facebook, and YouTube. He launched his YouTube channel “Richard Mille” on Dec 5, 2020, and has 36.64K subscribers, with more than 15 million views. He engages his fans by sharing his activities on social media. He has 2.2 million followers on Instagram and is a well-known celebrity. Richard Mille is estimated to have a net worth of $1.6 million in 2024.

Instagram: See Profile
Facebook: See Profile
Twitter: See Profile
YouTube: See Channel
Website: Visit Website

Richard Mille Net Worth 2024 / Richard Mille’s Salary / Income

Richard Mille’s estimated net worth is around $1.6 million, which he accumulated from his successful career as a businessman. Prices for Richard Mille watches vary, such as the iced-out Richard Mille RM 011, which can range from $171,000 to over $245,000.

According to a 2024 Morgan Stanley report, Richard Mille has unexpectedly entered the top six watch brands by sales, with revenue increasing by 15% in 2022 to 1.3 billion Swiss francs ($1.5 billion).

Frequently Asked Questions

  • Why Richard Mille is so famous?

Richard Mille is a well-known Swiss luxury watch company.

  • Who is Richard Mille?

Richard Mille is a Swiss luxury watch company founded by Dominique Guenat and Richard Mille in 2001 and located in Les Breaux, Switzerland. This brand is especially known for specializing in its extremely high-priced wristwatches.

  • Where is Richard originally from?

In February 1951, he was born in Draguignan, France. After graduating with a degree in marketing from the University of Besancon, he started working at Finhor in 1974, a local watchmaker company.

  • Does Richard have an interest in Luxury Cars?

He is very passionate about luxury cars, aeronautics, and mechanics. According to his statement, Enzo Ferrari was not a car technician, but he understood what a high-performance car should look like. Richard found out that he knew what a high-performance watch should look like.

  • Why are Richard Mille Watches so Expensive?

His watches are expensive due to the use of Sapphires and gold in them, while a single Sapphire watch takes about 100 hours to create, and the company only produces 5000 watches in a year, which are shock resistant to up to 10,000 gs.

  • Which is the most expensive watch?

The company has only made ten pieces of the RM056 on the 10th Anniversary of Felipe Massa’s watch. The price of the watch is between $1,700,000 and $2,000,000.

  • Which is the cheapest Richard Mille Watch?

The cheapest Richard Mille watch is the RM 016 Automatic Winding Extra Flat, which costs $60,000.

  • Where is Richard Mille Company Located?

Richard Mille is a Swiss brand based in Les Breuleux, Canton of Jura, and operated by the Montres Valgine Company.

  • Has the brand made any Sponsorship?

The Richard Mille brand has sponsored various sportspeople and events, including the Le Mans Classic, Grand Prix de Pau auto races, and the ‘Voiles de Saint Barth’ regatta.

  • Are Richard Mille Watches ever criticized?

In 2021, an American rapper, Sean Combs, described the watches as ugly and stated that he had three watches but never had them in the same year; the magazine of watch reseller Chrono24 mentioned the Richard Mille watches as “not worth the hype.”

  • Who is the CEO of Richard Mille watch company?

Richard Mille Swiss luxury watch company was founded in 2001 by Dominique Guenat and Richard Mille.

  • Why is a Richard Mille so expensive?

The expensive nature of Richard Mille watches is due to the brand’s unique design philosophy, dedication to craftsmanship, innovative use of materials, and exclusivity and scarcity, all of which contribute to their high price tags.

Will Jack is an accomplished writer who loves to tell stories and loves to do research. Jack has ten years of experience content writing, so he adds a wealth of knowledge to the process of creating reader-resonant bios. Together with Jack and networthgorilla.com, learn the craft of writing biographies. Come celebrate with us the diversity and depth of the human experience via the storytelling medium.

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Disclosure

The net worth figures and related information presented here are derived from a variety of public sources. These figures should not be regarded as definitive or fully accurate, as financial positions and valuations are subject to change over time.