⬅ # 670 Nicoletta Zampillo|# 672 Steven Spielberg

# 671 Luca Del Vecchio 

$4.67B

Real Time Net Worth
as of 7/12/2024
-$46.5M (-1.00%)

# 671 Luca Del Vecchio 

$4.67B

Real Time Net Worth
as of 7/12/2024
-$46.5M (-1.00%)
OccupationPartial Owner, Luxottica
Source of WealthEyeglasses
Age22
ResidenceMilan, Italy
Age-Adjusted Net Worth$61.0B
Luca Del Vecchio
Luca Del Vecchio
Italy
Net worth: $4.67B

Self-Made Score 

Biography

Overview

Luca Del Vecchio is known for inheriting a significant stake in Delfin, the Luxembourg-based holding company of EssilorLuxottica, the world's largest eyeglasses firm, after his father's death.
He is one of the two children of Leonardo Del Vecchio and Sabina Grossi, Luxottica's former head of investor relations.
Del Vecchio's wealth primarily stems from his inheritance of a 12.5% stake in Delfin, which owns shares in EssilorLuxottica, insurer Generali, banks Mediobanca and UniCredit, and real estate developer Covivio.

Early Life and Education

Born as one of six children to Leonardo Del Vecchio, the late chairman of EssilorLuxottica, and Sabina Grossi.
He is the brother of Clemente Del Vecchio, both born to Del Vecchio and Grossi.
Details regarding Luca Del Vecchio's early life and education are not publicly available.

Career and Business Ventures

Del Vecchio inherited a substantial stake in Delfin, the holding company of EssilorLuxottica, after his father's passing in 2022.
He holds a 12.5% ownership in Delfin, which controls a diverse portfolio including shares in EssilorLuxottica, Generali, Mediobanca, UniCredit, and Covivio.
Through Delfin, Del Vecchio wields significant influence over the operations and strategic decisions of EssilorLuxottica, the world's largest eyewear company.

Luxottica and Essilorluxottica Merger

Del Vecchio's father, Leonardo Del Vecchio, founded Luxottica Group S.p.A., the precursor to EssilorLuxottica, in 1961.
Luxottica rapidly expanded through vertical integration and acquisitions, becoming a dominant force in the eyewear industry.
In January 2017, Luxottica announced its merger with Essilor, forming EssilorLuxottica, with Del Vecchio slated to become executive chairman.
The merger created a behemoth in the eyewear industry, controlling a significant portion of global value sales.
On October 1, 2018, EssilorLuxottica was officially established, with Del Vecchio assuming a leadership role in the combined entity.

Personal Life

Luca Del Vecchio is one of two children born to Leonardo Del Vecchio and Sabina Grossi.
He has a brother named Clemente, who, like Luca, inherited a stake in Delfin after their father's passing.
Details about Luca Del Vecchio's personal life, interests, and activities are scarce.

How long would it take you to become as rich as Luca Del Vecchio?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Luca Del Vecchio's net worth of $4.67B.

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 51.86% compared to 19.03% for the S&P 500 benchmark.

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

Luca Del Vecchio 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 Luca Del Vecchio, Eyeglasses 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.

Edited by: Lee Bailey