Net Worth: $20.7 Billion
- Source of Wealth Luxottica
- Age 77 years old
- Birth Place Milan, Italy
- Marital Status Married
- Full Name Leonardo Del Vecchio
- Nationality Italian
- Date of Birth 22 May 1935
- Occupation Businessman
- Children 6 (Claudio, Clemente, Leonardo, Marisa, Luca, Paola)
About Leonardo Del Vecchio
Leonardo Del Vecchio is an Italian businessman. Leonardo ranks among the richest men in the world with an estimated net worth of $20.7 billion in July 2017, according to Bloomberg. In fact, he is the second richest person from Italy and ranks 74th in the Forbes billionaire list as of March 2012. His net worth has increased by an impressive $500 million since March 2011 because of an increase in the share prices of his 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. It was however not good always for Leonardo. In fact, he was born in an impoverished family. His dad died five months before he was born. The mom could not afford a child, and thus, gave him away to an orphanage. Leonardo started off as an apprentice with a dye maker in Milan, Italy. Soon however, he was making spectacle parts. He moved to Agordo in Belluno, because the Italian eyewear industry was located here. It was here that he formed the company Luxottica. He started selling eyeglass frames in 1967, and the rest, as they say, is history.
Luxottica now owns and operates more than 6000 stores around the world. Over the years, the company has acquired several brands once the company was listed in the New York and the Milan stock exchanges. He owns chains like the LensCrafters and Sunglass Hut and brands like Oakley and Ray-Ban. Claudio, the son of Leonardo owns the American retailer for men, Brooks Brothers.