With the growth of the middle class in emerging markets like China, Luxottica's customer base grew as well. He has been appointed Executive Chairman on January 29, 2016. Senior Vice-President Optical Channel Sales, North America at Luxottica Brooklyn, NY. Net Worth: $21.9 billion. He was able to start contract-selling of complete eyeglasses in 1967, and then branch out on his own in the early 70s. The company designs, produces, and sells high end eyewear. His net worth is probably between US$ 50 million and US$ 100 million. Jeff Bezos & family (Net worth: $131B) Source of wealth: Amazon About: He is the founder and CEO of popular online shopping site Amazon, with 16 percent ownership of the company. Del Vecchio is best known for being the chairman and founder of Luxottica, a company that is currently the world’s largest manufacturer and retailer of prescription glasses and sunglasses. Leonardo del Vecchio had a tough childhood – his father died prior to his birth, and his mother subsequently sent him to an orphanage when he was seven. A result that clearly . 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. We work diligently to ensure that our numbers are the most accurate celebrity net worth data you will find anywhere on the internet. Vian had been appointed at the top within a dual-CEO structure put in place in October 2014, after Luxottica lost two bosses in six weeks due to frictions with Del Vecchio. Francesco Milleri serves as Chief Executive Officer of Luxottica, Non-Independent Director of the Company. 2007 Sale of James Jannard's Oakley to Italian company Luxottica, the world's largest eyewear manufacturers and retailers $2,100,000,000 Sale of Asset Jan. 2007 Sale of James Jannard's first product which was a motorcycle grip that wicked sweat during long rides to Luxottica 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. Leonardo Del Vecchio net worth: Leonardo Del Vecchio is an Italian businessman who has a net worth of $20 billion. Luxottica is the world's largest eyewear retailer and had revenue of $9.6 billion in 2016. Net Worth details: Leonardo Del Vecchio owns a 61.4 percent stake in Luxottica Group. Required fields are marked *. Del Vecchio’s net worth? Today Luxottica owns Sunglass These listings enabled the company to acquire other brands, starting with Italian brand Vogue in 1990. Del Vecchio returned to the helm of Luxottica in 2014, taking on executive powers as chairman. As of January 2020, Del Vecchio was estimated by Forbes to have a net worth of $25.8 billion, making him the second richest man in Italy, and the 50th richest in the world. 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. Born in 1959. At the age of 14 he was apprenticed as a toolmaker, with which acquired skills he was able to then concentrate on making spectacles (eyeglasses), and later specifically on sunglasses. Estimated net worth: $23 billion Del Vecchio founded Luxottica in 1961, and it's now the largest eyewear retailer in the world. Your email address will not be published. Leonardo delo Vecchio was born on 22 May 1935, in Milan Italy, and is best known as the founder and chairman of Luxottica. Today He is Worth $19 Billion, Five More Billionaires Who Literally Went From Rags To Riches, 5 Billionaires Who Made ENORMOUS Fortunes In Fun And Weird Ways (Outside Of Technology, Finance And Real Estate). Board of Directors - Committed to sharing the value generated in its business, Essilor strongly involves its stakeholders, especially employees, in major decisions that affect its future. Not surprisingly, with a net worth of roughly $88.6 billion, French businessman Bernard Arnault, the chairman of LVMH, is the wealthiest person in the fashion world, followed by Francoise Bettencourt Meyers ($66.9 billion), Amancio Ortega ($58.5 billion) and Francois Pinault ($43.5 billion). Francesco Milleri salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Francesco Milleri based on real numbers. Leonardo is ranked by Forbes magazine in 2015 as the second richest person, and richest man in Italy, and the 40th richest person in the world. In 1986, the President of the Republic of Italy conferred on Mr. Del Vecchio the honor of Cavaliere dell’Ordine al “Merito del Lavoro” (Knight of the Order for Labor Merit). David Mark Rubenstein is an American financier and philanthropist best known as co-founder and co-chief executive officer of… – In 2021, David Rubenstein’s net worth was estimated to be… See Net Worth All net worths are calculated through the combination of a robust methodology and a proprietary algorithm. Are you also wondering how much money is Francesco Milleri making on Youtube, Twitter, Facebook and Instagram? That's made Del Vecchio, 77, the 74th richest man in the world . Your net worth will probably be a few hundred million dollar. 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 . Del Vecchio and Sagnieres are respectively the chairman and vice chairman of the new company, which has a combined 16 billion euros ($18 billion) of … Before becoming the 2nd richest person in Italy, Del Vecchio had a pretty tough life, being sent to orphanage at a young age of 7 after his father died. Similar, when you are able to purchase a US$ 50 million yacht. Join to Connect Warby Parker. Co-founder and co-CEO at Warby Parker Greater New York City Area 500+ connections. Then the first of many licensing deals with designers was struck with Armani, in 1988. 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. Del Vecchio is the founder of Luxottica and is credited with 100 percent of Delfin. Sergio Marchionne, chief executive of Fiat Chrysler Automobiles , was third with €19.19 million. 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. He is the second richest businessmen of Italy and owns a number of chains, like Sunglass Hut, Oakley, LensCrafters, and Ray-Ban. Only the world’s billionaires are able to purchase yachts larger than 80 … In second place was Luigi Francavilla, vice chairman of Luxottica with €19.68 million. Leonardo Del Vecchio is the founder and chairman of Luxottica, the world's largest producer and retailer of sunglasses and prescription glasses. 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. Sale of Asset Jul. He made his career beginnings as an apprentice at a Milan-based factory, which was a tool and dye maker. Of course, all through this period, Leonardo del Vecchio’s net worth was rising steadily. This made company's share price go up along with Del Vecchio's net worth. ... the founder and CEO of Amazon. On 15 December 2017 he was appointed Chief Executive Officer of the Group, maintaining the position of Deputy Chairman. Giulia Mastretta. Doing good in his business, he eventually created the Luxottica company, which now has 65,000 employees, owns 7,100 optical and sun-glass retail stores. It is based in Milan, Italy.. As a vertically integrated company, Luxottica designs, manufactures, distributes and retails its eyewear brands, including LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Target Optical, Eyemed vision care plan, and Glasses.com. Leonardo Del Vecchio is married with six children and his son Claudio owns US men's retailer Brooks Brothers, which licenses glasses from Luxottica. Now Luxottica is the world’s largest manufacturer of eyewear and the owner of more than 6,000 retail stores worldwide, including the Sunglass Hut and Lenscrafters chains. In 1981 Luxottica set up its first international subsidiary, in Germany, which initiated a period of considerable international expansion. Luxottica Group is a leader in premium, luxury and sports eyewear with over 7,400 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin America and Europe, and a strong, well-balanced brand portfolio. Your email address will not be published. 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