Leonardo Del Vecchio Net Worth

$33,000,000,000

Leonardo Del Vecchio was an Italian billionaire businessman with a net worth of $30 billion at the time of his death in June 2022. Known as the founder and chairman of Luxottica, the world’s largest producer and retailer of glasses and frames, Del Vecchio’s company had more than 9,000 retail stores around the world and employed over 77,000 people. He was also the richest person in Italy and one of the 70 richest people in the world.

Key facts:

  • Leonardo Del Vecchio is best known as the founder and chairman of Luxottica, the biggest producer and retailer of glasses and frames in the world.
  • Under Del Vecchio's leadership, Luxottica expanded internationally, acquiring brands such as Vogue Eyewear, Persol, Ray-Ban, and Sunglass Hut.
  • Luxottica maintains over 9,000 retail stores worldwide and owns eyewear licenses for prestigious designer labels including Giorgio Armani, Chanel, Prada, and Versace.
  • Del Vecchio faced criticism for the exorbitant cost of Luxottica's brand-name glasses and accusations of operating a monopoly on the eyewear industry.
  • Del Vecchio maintained majority ownership of Luxottica with a 61.9% share and had significant shareholdings in other companies.

Basic Information About Leonardo Del Vecchio

CategoryBusiness β€Ί CEOs
ProfessionsBusinessperson
Net worth$33,000,000,000
Date of birth1935-05-22
Place of birthMilan
Date of death2022-06-27 (aged 87)
NationalityItaly
GenderMale
Social Mediaβ†—οΈŽ Wikipedia

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