Leonardo Del Vecchio Biography– Leonardo Del Vecchio (born May 22, 1935) is an Italian businessman and the founder and chairman of Luxottica, the world’s largest producer and retailer of spectacles and frames, with over 8,000 outlets and 77,734 workers.
Del Vecchio’s net worth was assessed to be $34 billion by Bloomberg Billionaires Index on April 9, 2021, making him the second richest individual in Italy and the 41st richest in the world.
Leonardo Del Vecchio was born in Milan, Italy, in 1935 to a poor family from Barletta, in Southern Italy. He started his career as a tool and die maker’s apprentice in Milan, but later decided to use his metalworking abilities to create spectacle pieces.
He went to Agordo in the province of Belluno in 1961, where the majority of the Italian eyeglasses business is based. Luxottica s.a.s., a limited partnership, was the new corporation.
Who is Leonardo Del Vecchio?
Leonardo Del Vecchio is an Italian businessman with a net worth of $34 billion dollars.
He was born into a poor household in Milan, Italy, with his mother abandoning him at an orphanage and his father dying five months before his birth.
In Milan, he began his work as an apprentice to a tool and die maker. He did, however, decide to use his metalworking skills to create spectacle pieces.
He began selling entire eyeglass frames after relocating to Agordo in the province of Belluno, which is home to the majority of the Italian eyeglasses sector.
He continued to sell full eyeglass frames under the Luxottica name, a limited cooperation that proved successful enough.
Leonardo Del Vecchio Net Worth: How much does he have?
Leonardo Del Vecchio is an Italian businessman with a net worth of $34 billion dollars. Leonardo Del Vecchio is most known for founding and leading Luxottica, the world’s largest manufacturer and reseller of spectacles and frames.
Over 77,000 individuals work for the corporation, which has over 9,000 retail shops throughout the world. Del Vecchio is the second richest individual in Italy and one among the world’s top 70 billionaires, according to the Bloomberg Billionaires Index.
Leonardo Del Vecchio Career
He began his contract manufacturing career with Luxottica and eventually purchased Scarrone. He considered the necessity for vertical integration when he purchased Scarrone, a distribution company.
After a short period of worldwide expansion, the corporation established its first international subsidiary, in Germany.
The first of numerous licensing agreements with Armani was signed in 1988.
The company’s capacity to buy more brands improved once it listed in New York in 1990 and Milan a year later. The company began by acquiring Vogue, Presol, and US Shoe Corporation, as well as Ray Ban and Sunglass Hut from Italy.
They embarked on the hunt for more retail businesses, buying OPSM in Sydney in 2003, Pearle Vision in 2004, Surfeyes in 2006, and Cole National in 2004.
In 2007, the business also paid US$2.1 billion for Oakley.
He makes a lot of money because he has a 61.4 percent share in Luxottica Group as well as the holding company Delfin.
Del Vecchio is also the founder of Luxottica and is 100% responsible for Delfin. Luxottica is the world’s largest eyeglass retailer, with $9.6 billion in revenue in 2016.
He is the second richest man in Italy, according to Forbes magazine, with a net worth of $34 billion, making him the world’s 74th richest person.
Leonardo Del Vecchio Age: How old is he?
Leonardo Del Vecchio Age is 86 years, born on May 22, 1935 in Milan, Italy.
Leonardo Del Vecchio is an Italian billionaire businessman and the founder and chairman of Luxottica, the world’s largest producer and retailer of glasses and frames, employing 77,734 people.
Leonardo Del Vecchio Wife: Name Unknown
Leonardo Del Vecchio has three wives; his first wife gave him a son and two daughters (name unknown). He married Nicoletta Zampillo again, and the couple had a son together. Finally, he married his present wife (name unknown), and the couple has two children together.