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Grizzly Bulls’ Billionaires Index

⬅ # 719 George Economou|# 721 Winnie Johnson-Marquart ➡

# 720 Giuseppe De'Longhi 

$4.79B

Real Time Net Worth
as of 10/28/2024
$21.7M (0.45%)

# 720 Giuseppe De'Longhi 

$4.79B

Real Time Net Worth
as of 10/28/2024
$21.7M (0.45%)
OccupationChair, De' Longhi
Source of WealthCoffee Makers
Age85
ResidenceTreviso, Italy
Marital StatusDivorced
Children2
EducationBA/Economics, Università Cà Foscari di Venezia
Age-Adjusted Net Worth$883.47M
Giuseppe De'Longhi
Giuseppe De'Longhi
Italy
Net worth: $4.79B

Self-Made Score 

TAG Heuer Carrera Automatic Silver Watch

Wealth History

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Biography

Overview

Giuseppe De'Longhi, born on April 24, 1939, is an Italian billionaire businessman and the chairman of De'Longhi SpA.
De'Longhi SpA is renowned for its high-end coffee makers and espresso machines, with its headquarters established in Treviso, Italy.
The company, founded in 1902 as a small industrial workshop, has evolved into a global enterprise under De'Longhi's leadership, generating over $2 billion in annual revenue.
De'Longhi's son, Fabio De'Longhi, serves as the CEO, leading the company's operations across more than 100 countries.

Early Life

Giuseppe De'Longhi was born on April 24, 1939, in Treviso, Italy.
He pursued higher education and graduated from Ca' Foscari University of Venice, enriching his business acumen.

Personal Life

Giuseppe De'Longhi is married and resides in Treviso, Italy, with his family.
His son, Fabio De'Longhi, follows in his footsteps as the CEO of De'Longhi, continuing the family legacy in business.

Company

Company History and Expansion
De'Longhi SpA, established in 1902 by the De'Longhi family, originated as a small industrial parts manufacturing workshop in Treviso, Italy.
The company officially incorporated in 1950, marking its formal establishment.
Initially focused on portable heaters and air conditioners, De'Longhi expanded its product line to encompass a wide range of small domestic appliances, including food preparation, cooking, household cleaning, and ironing tools.
Strategic acquisitions, such as Climaveneta S.p.A. and DLRadiators, enabled De'Longhi's entry into the commercial HVACR market, broadening its scope and influence.
The acquisition of Kenwood in 2001 and RC Group in 2006 further strengthened De'Longhi's global presence and diversified its product offerings.
With 13 production facilities and 30 international subsidiaries supporting sales to 75 countries, De'Longhi maintains a significant global footprint.

Product Innovation and Design Recognition
De'Longhi is renowned for its innovative products, notably the Artista Series espresso machines and the De'Longhi gelato maker, reflecting the company's commitment to excellence in coffee and dessert preparation.
The Pinguino portable air conditioner stands as another flagship product, catering to consumer needs for climate control solutions.
The company's emphasis on design excellence is underscored by awards such as the Red Dot design award for its Esclusivo line of kitchen appliances in 2007.
Giocomo Borin, De'Longhi's Design Director, was recognized among the 50 most influential designers globally by Home Furnishing News in 2006, showcasing the company's design leadership.
Innovation extends beyond product development, with De'Longhi's venture into commercial HVACR and strategic partnerships reflecting its commitment to diversification and growth.

Financial Performance and Market Presence
De'Longhi SpA, listed on Milan's stock exchange under the ticker symbol DLG, has demonstrated robust financial performance, with revenues nearly doubling from 2014 to 2022, reaching €3.16 billion.
The company's global expansion and product diversification have contributed to its market presence, with international sales accounting for nearly 75% of total revenues.
Strategic acquisitions, such as the 2020 acquisition of Capital Brands, further bolster De'Longhi's market position and product portfolio, demonstrating its commitment to sustained growth and innovation.
Recognition by industry authorities, such as the Asthma and Allergy Foundation of America, underscores De'Longhi's dedication to product quality and consumer satisfaction, enhancing its brand reputation.

Giuseppe De'Longhi's Wealth is Equivalent to:

3,691,301 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

907,285 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

49,006 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Giuseppe De'Longhi?

If you started with $10,000 and invested an additional $500 each month at a 43.72% CAGR, it would take you 5 years to reach Giuseppe De'Longhi's net worth of $4.79B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 60.38% compared to 22.68% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Giuseppe De'Longhi is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Giuseppe De'Longhi, Coffee Makers is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey