Luciano Benetton

About Luciano Benetton

Birth Day: May 13, 1935
Birth Place: Treviso, Italy, Italy
Birth Sign: Gemini
Residence: Treviso, Italy
Occupation: Co-founder of Benetton Group
Spouse(s): married
Children: 4 (including Alessandro Benetton)
Family: Giuliana Benetton (sister) Carlo Benetton (brother) Gilberto Benetton (brother)

Luciano Benetton Net Worth

Luciano Benetton was bornon May 13, 1935 in Treviso, Italy, Italy. The Benetton clothing company traces it roots to Luciano Benetton, whose father died when he was 14. To help out his widowed mother and three siblings, Luciano started working at a clothing store in the war-ravaged city of Treviso, Italy. A bright yellow sweater knitted by his sister caught the attention of his colleagues. That and an eye-opening trip to Rome for the 1960 Olympics led him to found the Benetton Group in 1965 along with his siblings Giuliana, Gilberto, and Carlo. Focusing on bright colors, efficient production, and an unorthodox distribution model, Benetton slowly won over parts of the world, opening its first store outside Italy in Paris in 1969 and reaching New York in 1980. The Benetton Group hit some turbulence at the turn of the century amid falling demand for their colorful sweaters. His siblings convinced Luciano to take a step back and allow professional managers a greater role. In 2012, the family took the company private, and Luciano's son Alessandro took over as chairman, a post he held until 2014. In December 2016, Alessandro resigned from the group's board and is reportedly focused on expanding his private equity firm, 21 Investimenti, which he founded in 1992. Through holding company Edizione, the family has invested in a variety of Italian businesses, from highway concessions and real estate to newspaper publishing and banking. Each of the four Benetton siblings is a billionaire, thanks to the non-clothing investments.
Luciano Benetton is a member of Fashion and Retail

💰 Net worth: $3.3 Billion (Updated at 22 June 2018)

2009 $1.5 Billion
2010 $2.1 Billion
2011 $2.4 Billion
2012 $2.1 Billion
2013 $2 Billion
2014 $2.9 Billion
2015 $2.9 Billion
2016 $2.8 Billion
2017 $2.7 Billion
2018 $3.58 Billion

Some Luciano Benetton images

Biography/Timeline

1935

Luciano Benetton was born on 13 May 1935 in Treviso, Italy. His Father had a small Business and following his death, Benetton dropped out of school at the age of 14 to work in a clothing shop. He saved money to buy a $200 knitting machine and teamed up with his sister to produce a collection of twenty pieced of yellow, green and pale blue sweaters.

1965

In 1965, together with his siblings, Giuliana Benetton, Carlo Benetton and Gilberto Benetton, he founded Benetton Group.

1978

He served as the chairman of Benetton from 1978 to 2012.

2003

In 2003, he announced that his family is stepping down from running the company, due to the decreasing sales and the increased competition.

2012

He is married with four children and lives in Treviso, Italy. His son, Alessandro Benetton chaired Benetton Group from April 2012 to May 2014.

2015

In May 2015, Forbes estimated the net worth of Luciano Benetton and each of his three siblings at US$2.9 billion.