Raffaele Riva

Raffaele Riva is a businessman that left a legacy in Italy from 1860-1960.He is the founder and director of many companies, all of which have helped the country to improve its industrial production, economic balance, and post-war reconstruction. One example is Olivetti Spa. The company was founded in 1924 by Raffaele’s father who died in 1950 leaving his son as the sole owner of Olivetti, which at that time had become Italy’s largest company with over 100 thousand employees.

Riva not only improved life for his people but also was able to help rebuild Italy after it fell into war after World War II. he has achieved so much in a very short period of time.

In the 1920s, Riva created the country’s first department store, La Rinascente, in 1928. It has now expanded to include over 600 stores across the country and is one of Italy’s largest retailers.

Raffaele Rivawas able to build these companies in only three generation due to his ability to create a strong internal management team that spread throughout all his companies. This helped make his companies successful and able to outlast the owner’s death leaving a legacy that continue to help people today. Riva did this by creating entrepreneurial opportunities for many people at a time when few could get ahead without having wealth or education.

Raffaele Riva showed perseverance and determination to be a leader in his industry. He was able to get all his companies past the death of his father, while Raffaele Riva still keeping them profitable through the following generations.

Riva was able to create great advancements in both retail and manufacturing. His ability to see the opportunities in these industries and use them effectively helped shape Italy’s economy after World War II into one that is now prosperous and successful. By Riva’s ability he was able to help rebuild Italy by providing jobs for countries citizens after World WarII needed. See this page for more information.


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