⬅ # 648 Claudio Del Vecchio|# 650 Paola Del Vecchio

# 649 Rocco Basilico 

$4.80B

Real Time Net Worth
as of 7/12/2024
-$47.8M (-1.00%)

# 649 Rocco Basilico 

$4.80B

Real Time Net Worth
as of 7/12/2024
-$47.8M (-1.00%)
OccupationChief Wearables Officer, Luxottica
Source of WealthEyeglasses
Age35
ResidenceLos Angeles, California
EducationBA/Economics, Catholic University of the Sacred Heart
Age-Adjusted Net Worth$26.1B
Rocco Basilico
Rocco Basilico
Italy
Net worth: $4.80B

Self-Made Score 

Biography

Overview

Rocco Basilico, a billionaire, rose to prominence as the stepson of Leonardo Del Vecchio, the late chairman of EssilorLuxottica, the world's leading eyeglasses firm.
He inherited a substantial 12.5% stake in Del Vecchio's Luxembourg-based holding company, Delfin, after his father's passing, consolidating his wealth and influence in the industry.
Basilico's role extends beyond mere inheritance; he actively contributes to EssilorLuxottica's success, serving as the company's chief wearables officer and head of luxury brands, distinguishing himself as one of the two Del Vecchio heirs actively involved in the company's operations.

Early Life

Basilico's association with the eyewear industry likely stemmed from his stepfather's deep involvement and leadership within the sector.

Career Trajectory

Basilico's career trajectory took a significant turn following his stepfather's passing.
He assumed a pivotal role within EssilorLuxottica, leveraging his familial ties and industry knowledge to contribute meaningfully to the company's operations.
His responsibilities as chief wearables officer and head of luxury brands highlight his strategic importance within the organization.

Wealth Acquisition

Rocco Basilico's wealth primarily stems from his inheritance as a major stakeholder in Delfin, the Luxembourg-based holding company founded by Leonardo Del Vecchio.
His substantial stake in Delfin grants him significant influence over a diverse portfolio of assets, including shares in EssilorLuxottica, insurer Generali, banks Mediobanca and UniCredit, and real estate developer Covivio.
Additionally, his executive roles within EssilorLuxottica likely afford him substantial compensation and access to valuable resources, further augmenting his wealth.

How long would it take you to become as rich as Rocco Basilico?

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 Rocco Basilico'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 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

Rocco Basilico 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 Rocco Basilico, 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