|Birth Day||May 22, 1935|
|Birth Place||Milan, Italy, Italy|
|Age||88 YEARS OLD|
|Occupation||Founder and Chairman of Luxottica|
|Known for||Sunglass Hut, LensCrafters, Ray-Ban, Oakley|
|Children||Claudio, Marisa, Paola, Leonardo Maria, Luca, Clemente|
Leonardo Del Vecchio, a renowned figure in the fashion and retail industry in Italy, is anticipated to possess an astonishing net worth of $34.4 billion by 2023. With his exceptional entrepreneurial skills and visionary leadership, he has successfully built a vast empire of luxury eyewear brands, including world-famous names like Ray-Ban and Oakley. Del Vecchio's profound impact on the fashion world has not only made him one of the wealthiest individuals in Italy but also gained him immense recognition as a tycoon with a remarkable eye for style and innovation.
Leonardo Del Vecchio was born in 1935 in Milan, Italy, to an impoverished family. He began his career as an apprentice to a tool and die maker in Milan, but decided to turn his metalworking skills to make spectacle parts. So in 1961 he moved to Agordo in the province of Belluno, which is home to most of the Italian eyewear industry. The new company was Luxottica s.a.s., a limited partnership. In 1967, he started selling complete eyeglass frames under the Luxottica brand, and in 1971 he entered the contract Manufacturing Business.
The company listed in New York in 1990, and in Milan in December 2000, joining the MIB-30 (now S&P/MIB) index in September 2003. The listing enhanced the company’s ability to acquire other brands, starting with Italian brand Vogue in 1990, Persol and US Shoe Corporation (LensCrafters) in 1995, Ray-Ban in 1999 and Sunglass Hut, Inc. in 2001. They went looking for more Retail companies, acquiring Sydney-based OPSM in 2003, Pearle Vision in 2004, Surfeyes in 2006, and Cole National in 2004. Most recently, they acquired Oakley in a US$2.1bn deal in November 2007.