Facts of Leonardo Del Vecchio
|Full Name||Leonardo Del Vecchio|
|Birth Name||Leonardo Del Vecchio|
|No Of Children||6|
|Date of Birth||May 22,1935|
How Much Is The Net Worth Of Leonardo Del Vecchio?
Leonardo Del Vecchio is estimated to have a net worth of around $20 billion according to Celebrity Net Worth. In contrast, another verified source like Bloomberg claims his net worth to be $24.9 billion.
Net Worth Through Out The Years
|March 2019||$19.8 billion|
He mainly earns his fortune from his career as an Italian billionaire businessman. His primary source of income is from the world's largest producer and retailer of glasses and lenses, Luxottica.
How Did Leonardo Del Vecchio Accumulate His Net Worth?
Leonardo Del Vecchio is an Italian billionaire businessman and the founder cum chairman of Italian eyewear conglomerate Luxottica Group S.p.A.
As of 2019, Luxottica made an average revenue of $9.8 million (€8.929 billion). According to a verified source, the company is estimated to run under the operating income of $995 million (€900 million).
The organization is operating with total assets of $115 billion (€10.464 billion) and $6.9 billion (€6.306 billion), employing around 82 thousand people.
Its Subsidiaries include popular brands like Ray-Ban, Essilor, Persol, Oakley, LensCrafters, OPSM, Sunglass Hut, and Eyemed, among others. Moreover, it also produces sunglasses as well as frames for designer brands such as Prada, Burberry, Versace, Dolce, and Gabbana.
Leonardo Del Vecchio is the major shareholder of Luxottica, holding around 61.90%. Besides that, he also owns a 28% share of Covivio and 3.17% of Assicurazioni Generali.
Timeline Of Leonardo Del Vecchio Earnings
|1990||The purchase value of US Shoe||$1.4 billion|
|1991||Money from the sale of U.S show business||$600 million|
|1995||Bought LensCrafters||$1.5 billion|
|1999||The purchase value of Bausch & Lomb's Ray-Ban sunglass||$640 million|
|2001||Bought Sunglass Hut International||$653 million|
|2016||Salary as the Executive Chairman of the Luxottica Group S.p.A||$1.2 million|
Back in 2016, Del Vecchio's salary was estimated to be $1.2 million, which was later reported to increase to $2 million annual salaries.
Leonardo Del Vecchio is also active in several charity works and campaigns. As a philanthropist, he has been providing his services and aids through his charitable foundation, Leonardo Del Vecchio Foundation.
As of 2019, he is said to have been living quite a lavish lifestyle. According to a verified source, he is living a luxurious low key life. He is reported to be the longtime resident of Milan, Itlay.
Being the richest man in Italy, he is speculated to live in a multi-million dollar worth mansion. A third party source claimed that he owns a villa in Florida and a posh house on the French Riviera.
Coming into his luxurious garage, he has a rare Ferrari Laferrari, which is estimated somewhere around $1.5 million to $2 million.
On the other hand, Del Vecchio also owns a 62 meters long luxury motor yacht named Moniekos. Moneikos is the Greek word referring to the original name of Monaco.
Besides that, he is the owner of a Gulfstream G550 private jet. In the present market, the private plane is priced at an impressive $50 million.
The Personal Life Of Leonardo Del Vecchio
Leonardo Del Vecchio was born on 22 May 1935 in Milan, Italy.
As of 2019, Del Vecchio is 84 years old. He holds an Italian nationality and belongs to a mixed ethnic group.
Leonardo Del Vecchio Is Married Thrice
Leonardo Del Vecchio is a married man. In his lifetime, he has married thrice. His first wife's name is a mystery. With his first partner, he is blessed with son Claudio Del Vecchio and daughters Paola and Marisa.
After divorce with his first spouse, he walked down the aisle with Nicolette Zampillo in 2000. The couple has three children; sons Leonardo Maria, Luca and Clemente.
They separated in 1997, however, settled their argument after years of separation and remarried in 2010.