Leonardo Del Vecchio Net Worth

Age, Biography and Wiki

Birth DayMay 22, 1935
Birth PlaceMilan, Italy, Italy
Age88 YEARS OLD
Birth SignGemini
ResidenceMilan
CitizenshipItaly
EducationHigh school
OccupationFounder and Chairman of Luxottica
Known forSunglass Hut, LensCrafters, Ray-Ban, Oakley
Spouse(s)Married
ChildrenClaudio, Marisa, Paola, Leonardo Maria, Luca, Clemente

💰 Net worth: $34.4 Billion (2024)

Leonardo Del Vecchio, a renowned figure in the fashion and retail industry in Italy, is anticipated to possess an astonishing net worth of $34.4 billion by 2024. With his exceptional entrepreneurial skills and visionary leadership, he has successfully built a vast empire of luxury eyewear brands, including world-famous names like Ray-Ban and Oakley. Del Vecchio's profound impact on the fashion world has not only made him one of the wealthiest individuals in Italy but also gained him immense recognition as a tycoon with a remarkable eye for style and innovation.

2009 $6.3 Billion 2010 $10.5 Billion 2011 $11 Billion 2012 $11.5 Billion 2013 $15.3 Billion 2014 $19.2 Billion 2015 $20.4 Billion 2016 $18.7 Billion 2017 $17.9 Billion 2018 $22.33 Billion

Some Leonardo Del Vecchio images

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Biography/Timeline

1935

Leonardo Del Vecchio was born in 1935 in Milan, Italy, to an impoverished family. He began his career as an apprentice to a tool and die maker in Milan, but decided to turn his metalworking skills to make spectacle parts. So in 1961 he moved to Agordo in the province of Belluno, which is home to most of the Italian eyewear industry. The new company was Luxottica s.a.s., a limited partnership. In 1967, he started selling complete eyeglass frames under the Luxottica brand, and in 1971 he entered the contract Manufacturing Business.

1974

In 1974, he acquired Scarrone, a distribution company. In 1981 the company set up its first international subsidiary, in Germany. A licensing deal with the designer Giorgio Armani was settled in 1988.

1990

The company listed in New York in 1990, and in Milan in December 2000, joining the MIB-30 (now S&P/MIB) index in September 2003. The listing enhanced the company’s ability to acquire other brands, starting with Italian brand Vogue in 1990, Persol and US Shoe Corporation (LensCrafters) in 1995, Ray-Ban in 1999 and Sunglass Hut, Inc. in 2001. They went looking for more Retail companies, acquiring Sydney-based OPSM in 2003, Pearle Vision in 2004, Surfeyes in 2006, and Cole National in 2004. Most recently, they acquired Oakley in a US$2.1bn deal in November 2007.

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1935 births Living people Businesspeople in fashion Italian billionaires Italian businesspeople People from the Province of Belluno Luxottica People from Milan

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