Luciano Benetton’s profile picture

Luciano Benetton

Luciano Benetton’s profile picture
Net worth 2018: $3.58 Billion
Residence: Treviso, Italy
Country: Italy
BirthDay: 13 May 1935
Sigh: Gemini
Children: 4
BIOGRAPHY

Luciano Benetton was bornon 13 May 1935 in Treviso, Italy, Italy. Luciano Benetton is #655 in List Billionaires People In The World. The Benetton clothing company traces it roots to Luciano Benetton, whose father died when he was 14. To help out his widowed mother and three siblings, Luciano started working at a clothing store in the war-ravaged city of Treviso, Italy. A bright yellow sweater knitted by his sister caught the attention of his colleagues. That and an eye-opening trip to Rome for the 1960 Olympics led him to found the Benetton Group in 1965 along with his siblings Giuliana, Gilberto, and Carlo. Focusing on bright colors, efficient production, and an unorthodox distribution model, Benetton slowly won over parts of the world, opening its first store outside Italy in Paris in 1969 and reaching New York in 1980. The Benetton Group hit some turbulence at the turn of the century amid falling demand for their colorful sweaters. His siblings convinced Luciano to take a step back and allow professional managers a greater role. In 2012, the family took the company private, and Luciano's son Alessandro took over as chairman, a post he held until 2014. In December 2016, Alessandro resigned from the group's board and is reportedly focused on expanding his private equity firm, 21 Investimenti, which he founded in 1992. Through holding company Edizione, the family has invested in a variety of Italian businesses, from highway concessions and real estate to newspaper publishing and banking. Each of the four Benetton siblings is a billionaire, thanks to the non-clothing investments.

NET WORTH STATISTIC
2009

$1.5 Billion

2010

$2.1 Billion

2011

$2.4 Billion

2012

$2.1 Billion

2013

$2 Billion

2014

$2.9 Billion

2015

$2.9 Billion

2016

$2.8 Billion

2017

$2.7 Billion

2018

$3.58 Billion

TIMELINE
2015

In May 2015, Forbes estimated the net worth of Luciano Benetton and each of his three siblings at US$2

2012

His son, Alessandro Benetton chaired Benetton Group from April 2012 to May 2014

2003

In 2003, he announced that his family is stepping down from running the company, due to the decreasing sales and the increased competition

1978

He served as the chairman of Benetton from 1978 to 2012

1965

In 1965, together with his siblings, Giuliana Benetton, Carlo Benetton and Gilberto Benetton, he founded Benetton Group

1935

Luciano Benetton was born on 13 May 1935 in Treviso, Italy

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