Leonardo Del Vecchio & family
Overview
- Source of Wealth
- eyeglasses
- Industry
- Fashion & Retail
- Residence
- Children
- 6
Assets
- Assicurazioni Generali104,629,168 shares @ --G-IT
- Avio SpA999,000 shares @ --AVIO-IT
- EssilorLuxottica SA141,918,011 shares @ --EL-FR
- FILA SPA926,000 shares @ --FILA-IT
- Fonciere des Regions25,772,909 shares @ --COV-FR
- Guala Closures0 shares @ --GCL-IT
- Mediobanca Banca di Credito Finanzia172,132,323 shares @ --MB-IT
- UniCredit S.p.A.43,056,000 shares @ --UCG-IT
Biography
Vision visionary Leonardo Del Vecchio founded eyewear giant Luxottica in 1961, at the age 25.
Over the years, Luxottica acquired Sunglass Hut, Ray-Ban and Oakley and grew to make glasses for virtually every brand, including Bulgari and Chanel.
In 2018 Luxottica merged with French lens maker Essilor, creating the world's largest producer and retailer of sunglasses and prescription glasses.
Del Vecchio was sent to an orphanage at age 7 because his widowed mother could not afford to support her 5 children.
He began apprenticing at a car and eyewear parts factory at age 14 to put himself through design school before striking out on his own a decade later.
About
Del Vecchio's father peddled vegetables on the streets of Milan and died before he was born.
His son Claudio owned storied men's retailer Brooks Brothers until it filed for bankruptcy in July 2020 and was sold to a group backed by Simon Property Group.