⬅ # 657 Chandru Raheja|# 659 Luca Del Vecchio

# 658 Paola Del Vecchio 


Real Time Net Worth
as of 6/12/2024
$74.6M (1.55%)

# 658 Paola Del Vecchio 


Real Time Net Worth
as of 6/12/2024
$74.6M (1.55%)
OccupationPartial Owner, Luxottica
Source of WealthEyeglasses
ResidenceLuxembourg, Luxembourg
Marital StatusMarried
Age-Adjusted Net Worth$3.92B
Paola Del Vecchio
Paola Del Vecchio
Net worth: $4.80B

Self-Made Score 



Paola Del Vecchio inherited a 12.5% stake in Delfin, her father's Luxembourg-based holding company, which owns shares in EssilorLuxottica, Generali, Mediobanca, UniCredit, and Covivio.
She is one of three children of Leonardo Del Vecchio and Luciana Nervo, along with Claudio and Marisa.

Early Life

Paola Del Vecchio is one of six children of Leonardo Del Vecchio, the late chairman (d. 2022) of EssilorLuxottica.
She is one of three children Del Vecchio had with his first wife, Luciana Nervo, along with her siblings Claudio and Marisa.


Inherited a 12.5% stake in Delfin, her father's Luxembourg-based holding company, after his death, along with her stepmother and six siblings.
Delfin owns shares in EssilorLuxottica, Generali, Mediobanca, UniCredit, and Covivio.

Luxottica History

Luxottica, founded by Leonardo Del Vecchio in 1961, quickly became a leading eyewear conglomerate.
Del Vecchio's pursuit of vertical integration led Luxottica to design, manufacture, distribute, and retail its eyewear brands.
Luxottica rapidly expanded internationally, setting up subsidiaries and acquiring distribution companies.
The company listed on the New York Stock Exchange in 1990, raising capital for acquisitions.
Luxottica acquired numerous brands, including Ray-Ban, Persol, and Sunglass Hut, through strategic purchases.
In 2017, Luxottica merged with Essilor, forming EssilorLuxottica, with Del Vecchio becoming the executive chairman.

Vertical Integration and Acquisitions

Luxottica pursued vertical integration, acquiring distribution companies and signing licensing deals with designers.
Acquisitions included Vogue Eyewear, Persol, LensCrafters, Ray-Ban, Sunglass Hut, OPSM, Pearle Vision, and Cole National.
Oakley was acquired in 2007 for US$2.1 billion after a hostile takeover.
Luxottica partnered with Google in 2014 for the development of Google Glass.
The company underwent reorganizations and leadership changes before merging with Essilor in 2017.

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

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Paola Del Vecchio's net worth of $4.80B.

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 43.45% compared to 12.43% for the S&P 500 benchmark.

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

Paola 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 Paola 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