Richard Mille is a Swiss luxury watch manufacturer. Dominique Guenat and Richard Mille founded the company in 2001. The headquarters of the company are in Les Breuleux, Switzerland. The company is known for its ultra-high-end luxury watches.
What is the Net worth of Richard Mille?
Richard Mille has a net worth of $3million-$5 million.He earned most of his wealth as an Entrepreneur and from watch manufacturing. Let us discuss his other sources of income.
Sources of Income
Chairman of the Endurance Commission of the Federation International de l’Automobile (FIA).
How much does Richard Mille Earn?
Monthly Earnings – $450k
Yearly Earnings – $3million-$5million
Net worth in the last 5 years
Jen Shan Bio
|Full name||Richard Mille|
|Famous Watch||Richard Mille UP-01Ferrari|
Richard Mille was born in Draguignan, France on February 13,1951 He is one among the world’s most renowned businessman. After he studying marketing in Besancon, he started to work at Finhor.
In 1974, Richard Mille began working for his first watch company. He established his own company in 1988. He talked about his business plan with his friend Dominique Guenat. Dominique Guenat has previously worked in the watch industry.
After a year of friendship, their professional relationship evolved into a close friendship, fuelled by a shared interest in aeronautics, automobiles, and mechanics. They decided to go ahead with the plan as a group.
Richard Mille debuted his first watch, the RM 001 Tourbillon, at Baselworld in 2001. It has taken three years to develop. Every year, Baselworld hosts the essential jewellery show, which is watched by people all over the world.
The RM 001 was developed by a self-winding movement with a ribbed tonneau-shaped case that displayed the mechanism. A tourbillon calibre, a torque indicator, and a power reserve indicator have also been included.
Richard Mille timepieces can be either luxurious or ultra-luxurious. Although watches are not as expensive as Mercedes Benzes, these areas are as expensive as owning a luxury home with a garage that houses a Mercedes S Class.
The Richard Mille watches cost less than USD 100,000, excluding Thailand’s luxury tax. But, for the most part, his watches cost at least $5000000, including the RM056, which costs more than $2.2 million.
The Richard Mille Company
The following companies are part of the Richard Mille group:
Guenat SA Montres Valgine
Horométrie is the operating company of the Richard Mille brand, which was founded in 2001 by Richard Mille and Dominique Guenat. It also coordinates global distribution through four partners who operate 38 proprietary Richard Mille stores as joint ventures or franchises around the world.
Guenat SA Montres Valgine
All Richard Mille watches are designed and manufactured in Switzerland by the Great SA – Montres Valine (GMV). These are made in Les Breuleux. Design and development are carried out in an old 1950s building in Les Breuleux that was renovated in 1972, while assembly and quality control are carried out in a 2007 building.
ProArt manufactures Richard Mille watch cases as well as certain movement components such as baseplates, bridges, screws, and some wheels. This machining company is part of the Richard Mille group and operates in an ultra-modern 3,000 m2 building in Les Breuleux that opened in April 2013.
Work on expanding the ProArt site began in late 2017, with the construction of a second building to house the R&D offices as well as new machining workshops.
VMDH (Vital Morel Décalque Horlogère) is located just 25 kilometres from Les Breuleux in La Chaux-de-Fonds, Switzerland. It specialises in watch movement component transfers and decoration.
VMDH manufactures all of Richard Mille’s dials and flanges, as well as some of the hands, and is in charge of applying “Super-LumiNova” phosphorescent pigments. Yves Mathys is the chairman of VMDH.
Development of the first carbon nanofiber, titanium, and carbon TPT baseplates
Ceramic gem-set development
- The development of laminated sapphire crystal (RM 53-01)
- New watch complications invented: Oracle (RM 069), mechanical G-force sensor (RM 036).
- Quartz TPT with NTPT is invented, and the original RM 011 in Carbon TPT is produced for the first time.
- On RM 011, the variable-geometry rotor was invented
- The declutchable rotor is invented.
- Quartz TPT was invented in collaboration with the NTPT company.
The RM 031 mechanical wristwatch is one of the most precise mechanical wristwatches ever made. It has a performance of +/- 20 seconds per month with a frequency of 36,000 vibrations per hour – a true feat in modern watchmaking. Only ten pieces are available.
Richard Mille introduced the RM 006 Felipe Massa Tourbillon in 2004, weighing only 48 grammes (excluding the strap).
The RM 009 Felipe Massa Tourbillon set a world record of 29 grammes in 2005, and the brand repeated this feat in 2006. (excluding the strap).
The RM 027 Rafael Nadal (strap included) set the record in 2007 by reducing it to 20 grammes. The movement is made of titanium and LITAL, a lithium alloy popular in aeronautics that contains aluminium, copper, magnesium, and zirconium.
The manually wound RM 27-01 Rafael Nadal Tourbillon watch (limited to 50 pieces) broke the record in 2013, pushing the concepts of lightness and resistance to the extreme.
Because of its skeletonised unibody baseplate made of Carbon TPT, the RM 27-03 Tourbillon can withstand 10,000 g impacts, which is double that of the RM 50-03 McLaren F1.
Felipe Massa, one of the brand’s “partners,” was wearing an RM 006, when he was involved in a Formula 1 accident during the qualifying stages of the 2009 Hungarian Grand Prix on July 25, 2009.
Richard Mille enjoys posting photos and videos to Twitter, Instagram, Facebook, and YouTube. On December 5, 2020, he launched his YouTube channel “Richard Mille,” which has 36.64K subscribers and over 15 million views. He is constantly sharing his activities on social media in order to engage his fans. He has 1.7 million Instagram followers.
We don’t have much information about Richard Mille personal life as he kept his personal life as secret.
FAQs about Richard Mille
1. Is Richard Mille watch value for money?
Richard Mille stands out from the crowd in terms of technical complexity, visual finishing, and avant-garde exotic materials. They do things in the watch industry that no one else has, and they have an unrivalled reputation for elitism.
So whether Richard Mille watches could or should be less expensive is irrelevant. The truth is that there is nothing on the market like a Richard Mille, let alone anything similar that is priced lower. Not only is the brand exclusive, but so are the products. Again, there is nothing else like it!
2.What are the key specs of RM UP-01 Ferrari?
|Model||RM UP-01 Ferrari|
|Power reserve||45 hours|
|Case material||Grade 5 titanium|