Giuseppe De'Longhi & family
Overview
- Source of Wealth
- Coffee makers
- Industry
- Fashion & Retail
- Residence
- Treviso
- Education
- Università Cà Foscari di Venezia (Bachelor of Arts/Economics)
- Marital Status
- Divorced
- Children
- 2
Assets
- De Longhi80,817,100 shares @ --DLG-IT
Biography
Giuseppe De'Longhi is chairman of De'Longhi SpA, which produces high-end coffee makers and espresso machines.
De'Longhi's son, Fabio, is the CEO of the company, which pulls in over $2 billion in annual revenue and sells products in more than 100 countries.
The company was founded in 1902 in Treviso, Italy as a small industrial manufacturing workshop. A century later, its headquarters remain in Treviso.
The company makes portable heaters, air conditioners, appliances for food preparation, cleaning tools and coffee machines.
In 2015, De'Longhi sold his majority stake in Italian industrial heating company DelClima to Mitsubishi Electric for $551 million.
About
In the late 2000s after portions of The Plaza Hotel in Manhattan were redesigned as luxury condominiums, De'Longhi was reportedly one of the first to buy a condo.