Forbes magazine estimates that in 2015 Leonardo’s net worth is over $20 billion, the vast majority of his wealth having been generated through his efforts in building-up the Luxottica company. Luxottica, the dominant frame producer, owns a portfolio of eyewear brands that includes Persol and Ray-Ban, the latter of which is the biggest brand in the market. Through the holding company Delfin he also owns stakes in a real estate investment fund, an Italian insurer, an Italian bank, and an Italian acquisition company. Luxottica’s New CEO Quits After Clash With Founder October 13, 2014 Daily News Enrico Cavatorta , the chief executive of Italian eyewear company Luxottica Group, will reportedly step down from the post after just 40 days on the job, according to the Financial Times . His net worth is probably between US$ 50 million and US$ 100 million. Of course, all through this period, Leonardo del Vecchio’s net worth was rising steadily. Luxottica is the world’s largest eyewear company, producing glasses under a range of brands including Ray-Ban, Persol, and Oakley and designer brands. Websites. With the growth of the middle class in emerging markets like China, Luxottica's customer base grew as well. Del Vecchio is the founder of Luxottica and is credited with 100 percent of Delfin. So just how rich is Leonardo del Vecchio? The 15 Richest Tycoons In The Fashion Industry Right Now, The 10 Biggest Billionaire Losers In Stock Market Volatility Have Lost A Combined $76.4 Billion â In A Week, Jim Jannard Founded Two Multi-Billion-Dollar Companies That Transformed Their Industries. Or, Francesco Milleri's net worth in US Dollar Dec, 2020? Luxottica Founder to Propose Milleri as EssilorLuxottica CEO November 6, 2018 Daily News Europe and MENA Industry News Leonardo Del Vecchio plans to propose Luxottica Chief Executive Francesco Milleri as CEO of the new merged group EssilorLuxottica, a spokesman for the Luxottica founder said on Monday. His apprenticeship may have earned Leonardo Del Vecchio a little money, but the growth in his real net worth began in 1961, when he founded Luxottica at the age of 25, which he has chaired ever since, and is now valued in the region of $10 billion. Coopted on March 1, 2016, as Director with deputy functions, on April 29, 2016, he was appointed Deputy Chairman of Luxottica Group S.p.A., to assist the Executive Chairman in carrying out the various functions associated with his current role. Then the first of many licensing deals with designers was struck with Armani, in 1988. © 2021 Celebrity Net Worth / All Rights Reserved, © 2015 Celebrity Net Worth / All Rights Reserved, His Mother Was So Poor She Abandoned Him To An Orphanage. Before becoming the 2nd richest person in Italy, Del Vecchio had a pretty tough life, being sent to orphanage at a young age of 7 after his father died. The company now owns over 6000 stores around the world, and has 75,000 employees. He was able to start contract-selling of complete eyeglasses in 1967, and then branch out on his own in the early 70s. Self Made Billionaires Who Never Went To College. These listings enabled the company to acquire other brands, starting with Italian brand Vogue in 1990. On 15 December 2017 he was appointed Chief Executive Officer of the Group, maintaining the position of Deputy Chairman. Co-founder and co-CEO at Warby Parker Greater New York City Area 500+ connections. Today He is Worth $19 Billion In 1961 he moved to Agordo, where he started selling complete eyeglass frames under the Luxottica brand. Join to Connect Warby Parker. Net Worth: $21.9 billion. Leonardo Del Vecchio also owns stakes in the Italian insurance giant Assicurazioni Generali and French real estate company Foncière des Régions, plus in the Italian bank UniCredit. Leonardo del Vecchio is somewhat reserved regarding details of his private life; he has three children with his first wife, one with his second wife Nicoletta Zampillo, and two with his current wife. Luxottica is the world's largest eyewear retailer and had revenue of $9.6 billion in 2016. He has been appointed Executive Chairman on January 29, 2016. Leonardo delo Vecchio was born on 22 May 1935, in Milan Italy, and is best known as the founder and chairman of Luxottica. In addition the company manufactures glasses for virtually every luxury brand in the world, including Burberry, Bulgari, Chanel, Coach, DKNY, Dolce & Gabbana, Armani, Prada, Ralph Lauren, Tiffany and Versace. The results are fact checked and confirmed by a team of editors and industry insiders. Claudio Del Vecchio is Chairman/CEO/Owner at Brooks Brothers Inc. See Claudio Del Vecchio's compensation, career history, education, & memberships. Del Vecchio and Sagnieres are respectively the chairman and vice chairman of the new company, which has a combined 16 billion euros ($18 billion) of … We work diligently to ensure that our numbers are the most accurate celebrity net worth data you will find anywhere on the internet. Leonardo is an Italian entrepreneur, founder and chairman of the world’s largest eyeglass retailers in the market, named as ‘Luxottica’, with a net worth of $21.9 billion. University of Pennsylvania - The Wharton School. 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