Leonardo Del Vecchio’s profile picture

Leonardo Del Vecchio

Leonardo Del Vecchio’s profile picture
Net worth 2018: $22.33 Billion
Residence: Milan, Italy
Country: Italy
BirthDay: 22 May 1935
Sigh: Gemini
Children: 6
BIOGRAPHY

Leonardo Del Vecchio was bornon 22 May 1935 in Milan, Italy, Italy. Leonardo Del Vecchio is #44 in List Billionaires People In The World. Leonardo Del Vecchio's eyewear giant Luxottica announced plans to merge with French lens manufacturer Essilor in January 2017, putting Luxottica's octogenarian founder at the helm of what will be the world's largest producer and retailer of sunglasses and prescription glasses. The combination, to be known as EssilorLuxottica, is set to control 27% of the global eyewear market; Johnson & Johnson, the next largest firm, has a 3.9% share. Del Vecchio founded Luxottica in 1961 when he was 25; it later acquired popular brands Ray-Ban and Oakley and retailers Sunglass Hut and LensCrafters. The company produces glasses for a host of brands, including Bulgari, Chanel, Armani and Ralph Lauren. Del Vecchio also holds stakes in Italian insurance giant Assicurazioni Generali, French real estate company Foncière des Régions and Italian bank UniCredit. At age 7, Del Vecchio was sent to an orphanage because his widowed mother could not afford to support her five children. He apprenticed at a factory to put himself through design school at age 14 before striking out on his own a decade later. "Work always came before everything," he once told FORBES. "If I'd started selling fruit, I'd be passionate about fruit." His son Claudio owns U.S. men's retailer Brooks Brothers.

NET WORTH STATISTIC
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

TIMELINE
2018

As of January 2018, Del Vecchio was estimated by Forbes to have a net worth of $21

2003

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

1990

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

1988

A licensing deal with the designer Giorgio Armani was settled in 1988

1981

In 1981 the company set up its first international subsidiary, in Germany

1974

In 1974, he acquired Scarrone, a distribution company

1967

In 1967, he started selling complete eyeglass frames under the Luxottica brand, and in 1971 he entered the contract manufacturing business

1961

So in 1961 he moved to Agordo in the province of Belluno, which is home to most of the Italian eyewear industry

1947

9 billion, making him the second richest man in Italy, and the 47th richest person in the world

1935

Leonardo Del Vecchio was born in 1935 in Milan, Italy, to an impoverished family

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