Indeed, the combined total of these 10 fortunes alone is $94.7 billion (£72.9 billion)! Terms of Use. His son, Claudio, owns the storied men's retailer Brooks Brothers. Generally speaking, the bigger the hexagon is, the more valuable Claudio Del Vecchio networth should be on the internet! “Claudio has done an unbelievable job in reviving this iconic American brand and globalizing its market,” says Gilbert Harrison, chairman of Financo Inc., an investment banking company. “It’s one of the most beautifully articulated and longest-running mission statements in American business history,” he says of the retailer’s original guiding principles, which he quotes frequently: “To make and deal only in merchandise of the finest quality, to sell it at a fair profit and to deal with people who seek and appreciate such merchandise.”. Subscribe Today. Designers Claudio Del Vecchio Net Worth Claudio Del Vecchio Net Worth 2020, Age, Height, Relationships, Married, Dating, Family, Wiki Biography Leonardo Del Vecchio was born on May 22, 1935 in Milan, Italy, Italy. Since 2016, the 54-year-old has relinquished his position as Ferrero’s CEO and now oversees the company’s long-term strategy as executive chairman. Del Vecchio has also collaborated with Janie Bryant, the costume designer for Mad Men, to produce clothes for the show as well as a Brooks Bros. Mad Men Edition suit that sold out in 10 days. VP/Chief Marketing Officer. He is the founder and chairman of Luxottica, the world's largest producer and retailer of glasses and lenses. Check out Thomas Keneally's net worth in US Dollar Jan, 2021. Rated as the second richest man in Itlay after Michele Feroro, Del Vecchio has a net worth of US$19.1 billion. What would you do with that kind of money? “After that, most of the other [interested] companies disappeared, and we ended up paying less than we thought we would,” Del Vecchio says. Disclamer: Claudio Del Vecchio net worth are calculated by comparing Claudio Del Vecchio's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with anybody else in the world. “So I went to Marks & Spencer,” he says, “because my impression was that Brooks Bros. wasn’t being taken care of.”. 548227, reg. Notoriously weary of industrial espionage (media are banned from entering the company’s production plants), Ferrero also produces the Kinder range of products as well as Tic Tac mints. “I admire much of what he has been able to accomplish.”, No doubt his boldest accomplishment was the launch of Black Fleece, a collection that combined classic Brooks Bros. fabrics and tailoring with the edgy, shrunken silhouette of Thom Browne. Indeed, with Del Vecchio as president and chief executive officer, Brooks Bros. has undergone more rapid changes than at any other period in its history. Brooks Bros. has also opened stores in Milan, Paris, Athens, Chile and Mexico. In 2017, meanwhile, he sold the AC Milan football club (of which he had retained ownership for 31 years) to a Chinese investment group for €740 million ($835.5 million/£640.2 million). He is the richest man in Italy. Leonardo Del Vecchio (born 22 May 1935) is an Italian billionaire businessman. NEW YORK, NY - SEPTEMBER 14, 2017: CEO of Brooks Brothers Claudio Del Vecchio and designer Zac ... [+] Posen (Photo by Andrew Toth/Getty Images for Brooks Brothers) ... not worth … He made his 22000 million dollar fortune with Sunglass Hut, LensCrafters, Ray-Ban, Oakley. Following the acquisition of Perfetti Van Melle’s shareholdings in 2001, the company has established itself as the third largest confectionery manufacturer in the world after Mondelez International and Mars, Inc. Educated at the renowned Bocconi University business school in Milan, Luca Garavoglia has served as the chairman of the Campari Group since 1994, taking responsibility for the beverage giant’s aggressive acquisition and growth strategies of the late 1990s and early 2000s. Investors in the company's ADRs saw the stock run up 170%, making Del Vecchio's shares worth some $900 million. That makes him the second richest man (after chocolate mogul Michele Ferrero) in Italy. I enjoy challenges.”. After taking over the family wholesaling business in Naples in 1977, Stefano Pessina – a nuclear engineering graduate from the prestigious Politecnico di Milano – decided to transform his company into Alliance Santé, guiding it through a series of large-scale mergers and acquisitions in the last 40 years to eventually create Walgreens Boots Alliance. “That’s my last motivation,” he says. The two brothers – who are both notoriously media-shy – now live in Switzerland and maintain no involvement in the day-to-day running of the business. He was on his own. I didn’t have to change my style.”. Where does he work? Born into poverty in 1935, the eyewear magnate was sent to an orphanage at age 7, before apprenticing at a parts factory at age 14 to make ends meet. The Lewis Family. As the co-owners of confectionary giants Perfetti Van Melle, brothers Augusto and Giorgio Perfetti are responsible for providing the world with a number of renowned products; Mentos, Fruittella and Chupa Chups (acquired in 2006) are all now produced under the Perfetti Van Melle umbrella. Del Vecchio owns more than 62% of the shares in Luxottica. He ranks among the richest men in the world with an estimated net worth of $19.6 billion as of June 2019. (Del Vecchio jokes that it was actually he who “married the boss,” since she was “a manager and she spoke English and was very influential.”) Today, she concentrates on raising their children and working for many charities—such as Helen Keller Services for the Blind and the Breast Cancer Research Foundation—about which both Del Vecchios are passionate. “We were the first foreign company to go public in the U.S. before we went public in our own country,” he notes. Leonardo’s son, Claudio Del Vecchio, is a Luxottica Board Member in addition to serving as Chairman and CEO of Brooks Brothers Inc. Leonardo Del Vecchio’s six children own an equal stake in Luxottica’s holding company, representing approximately 16.38 per cent each. Thomas Keneally salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Thomas Keneally based on real numbers. Under Giovanni’s astute leadership, the company has since added several Nestlé brands, as well as numerous confectionery brands in the North American market, to this impressive portfolio. But don’t expect Brooks’ storied sack suit. After building his reputation as a designer in the 1960s and 1970s, Armani finally founded his legendary eponymous label in 1975, turning it into a global powerhouse that now features over 60 stores in 37 countries. Brembo / BloombergPaolo (left) and Gianfelice Rocca, Estimated net worth: $4.1 billion (£3.2 billion). He may live in a more-than-comfortable house on the north shore of Long Island with his wife, Debra, and their two children, Angelica, 8, and Cristian, who’s about to turn 11. Please fill out this field with valid email address. Claudio del Vecchio's siblings: Claudio del Vecchio's sister is Paola del Vecchio Claudio del Vecchio's half-brother is Leonardo Maria del Vecchio Claudio del Vecchio's half-brother is Luca del Vecchio Claudio del Vecchio's half-brother is Clemente del Vecchio “We have a healthy respect for the past, but we’re not completely influenced by it,” Del Vecchio says, sitting in his corner office at Brooks Bros.’ Madison Avenue flagship in New York, with a gas fireplace adding warmth to the room. We had a very nice talk and I learned he loses money on my favorite gotta-iron oxford button down made in Garland, NC. Estimated net worth: $8.5 billion (£6.5 billion). But he is proud of the roots he has planted in this country. Del Vecchio still remembers the date on which he accomplished his mission: “For nine months I drove back and forth, and on April 1, 1982, we opened the subsidiary.”, A week later, he was sent to America to help manage the company’s U.S. distribution. He wore Brooks Bros. shirts, so I had a curiosity about it. Previous to Debra's current city of Oyster Bay, NY, Debra Delvecchio lived in Suffield CT and Avon CO. This story first appeared in the March 21, 2011 issue of WWD. In 2005, in partnership with Claudio Del Vecchio, the President of the Retail Brand Alliance, he agreed to open Brooks Brothers stores in the United Kingdom. Estimated net worth: $3.5 billion (£2.7 billion). “Claudio has truly embraced the heritage of Brooks Bros.,” the designer says, “and evolved the brand and business in a very respectful way.”. Now 83 and currently living in Milan, Del Vecchio still serves as the executive chairman of Luxottica, while his son Claudio is CEO of the prestigious Brooks Brothers clothier. Claudio Delvecchio is also known as debra ann del vecchio claudio, claudio del vecchio, claudio del veccho and claudio delveachio. In a country that is iconic for its exuberant luxury, including high-end Milanese fashion, traditional cuisine and Tuscan wine, it’s perhaps not surprising that Italy is also home to some of the world’s wealthiest people. He certainly could have had an easy life if he’d wanted one: Del Vecchio is a billionaire whose father has the real money in the family. Now 83 and currently living in Milan, Del Vecchio still serves as the executive chairman of Luxottica, while his son Claudio is CEO of the prestigious Brooks Brothers clothier. Estimated net worth: $3.8 billion (£2.9 billion). (“It wasn’t a friendly acquisition,” he says with his usual matter-of-fact candor.) Today, the retailer operates more than 116 full-price and 101 factory outlet stores in the U.S. and some 175 stores in other countries, with the highest concentration in Japan (77), China (32), Hong Kong (13) and the U.K. (4). Later this year, in another unprecedented move, the company will venture into wholesale department store distribution. Riots, Social Media’s Had Enough of Trumpism, COVID-19 Lockdowns Weigh on Q3 Revenue at Marks & Spencer, Alexander McQueen Defies Virus to Ramp Up Retail Network, Inditex Said to Shut All Bershka, Pull&Bear and Stradivarius China Stores. Sometimes Debra goes by various nicknames including Debra A Delvecchio, Debra A Nuzzi, Debra Ann Del, Debra Ann Del Vecchio and Debra Ann Delvecchio. “He was able to understand the heritage of Brooks Bros. and go back into its archives…to use the past and translate it to the present and the future.”, Bill Roberti, a former Brooks Bros. ceo, remembers Del Vecchio’s passion for the brand when he negotiated the eyewear license with Luxottica. His awareness of Brooks Bros. came long before that, though. In 2008, he bought Southwick, one of the U.S.’ last remaining men’s wear manufacturers, which had fallen on hard times—a move that saved 300 jobs. Giovanni Ferrero. Although many of these Italian billionaires have had a helping hand in terms of inheritance, their business intuition, shrewd decision-making and entrepreneurial prowess has ensured that they remain firmly among the world’s richest. Ian also owns Brightark, which is another investment company. Since then, the company has acquired some of the biggest eyewear companies in the world, including Ray-Ban, Oakley and Sunglass Hut, while they continue to make frames for designer brands such as Armani, Bulgari and Chanel. This bit of backstory often stuns those who hear it after they meet Claudio Del Vecchio, whose personal style—sometimes slightly rumpled, always down to earth—doesn’t hint at great wealth. Both brothers are active in industry organisations and social groups, although Paolo, who lives in Buenos Aires, was indicted by an Argentinian court in November 2018 and forbidden from leaving the country as part of an investigation into a bribery scandal. Vivien Kronengold. In 1997, he was named ceo of Casual Corner, a struggling women’s apparel chain, and he resigned from Luxottica. Still, Del Vecchio says, “I’m not looking for an easy life. But his modest air is genuine. Net worth over time Debra was vice president of operations at Luxottica when they met. Del Vecchio isn’t shy about admitting he’s “an excellent chef”—he even opened a restaurant in the Nineties, when he lived in Hartford because the local eateries failed to meet his high standards. Until then, he plans to stay focused on expanding Brooks Bros.—just don’t ask him how large he wants it to grow. His net worth is estimated at US$ 21 billion. “This business doesn’t end with us,” he says. Chairman/CEO/Owner. Most photos on this page by Raphael Belly Photography. It introduced seersucker in 1830; the first ready-made suit in 1845; the button-down collar in 1896; the repp tie in 1920, and argyle socks, in 1949. Del Vecchio's father peddled vegetables on the streets of Milan and died before he was born. Del Vecchio recently formed a partnership with Nordstrom, which in July will begin selling Brooks Bros. men’s and children’s wear in about 30 stores as well as online. The family has not been without controversy, though. References Surprisingly, Del Vecchio was a complete gentleman, and having worked with a lot of the high-net-worth, that's most unusual. 1. Board Members. At 22, he was charged with heading Luxottica’s sales force in Italy, and two years later he was sent to Germany to establish the company’s first direct foreign distribution. If most of the billionaires on this list were given a rather large helping hand by their parents, then consider the case of Leonardo Del Vecchio. Claudio Delvecchio net worth is Greater than $499,999. But, despite his low-key manner, Del Vecchio, 52, doesn’t have a go-with-the-flow disposition. “I got to walk into this building 10 years before I bought it,” he recalls. Ferrero himself is married with two children and currently resides in Brussels, Belgium. His experience with the now-defunct women’s chain, which required major investment but lacked brand strength, prompted him to look elsewhere. Claudio Del Vecchio. “From Day One, we knew that the benefit from adding systems and improving the sourcing could justify the acquisition,” he says. After a shaky start, the label gained traction, and its sales were expected to hit $10 million last year. He owns the American clothing retailer Brooks Brothers. Card payments collected by DeltaQuest Media, company no. Claudio Del Vecchio. Why was he so in love with it when he could buy anything he wanted?”, When Del Vecchio arrived in the U.S. in 1982, he says, “the first store I visited was Brooks Bros.…I used to shop in Façonnable in Monaco, which was very inspired by Brooks Bros., so it was a natural step up. He partnered with Claudio Del Vecchio for the venture. Net Worth: £5,6 billion Family Business: Tavistock Group Industry: Investments Prominent Member: Joe Lewis ©2020 DeltaQuest Media. Mr. Del Vecchio came to the United States in 1982 and was instrumental in transforming Luxottica into a premier eyewear organization, overseeing its IPO in 1990. Leonardo Del Vecchio Net Worth Leonardo Del Vecchio was born on May 22, 1935 in Milan, Italy, Italy. Originally set on attending design school, Del Vecchio instead utilised his metalworking skills to start a spectacle-making business, creating the now-legendary Luxottica in 1967. address: The Black Church, St. Mary’s Place, Dublin 7, Ireland. One of the most controversial and enigmatic characters in Italian and European politics, Silvio Berlusconi made his fortune through his media conglomerate Fininvest, before serving the first of his three terms as Prime Minister of Italy in 1994. Although the company, founded in Treviso in 1902, originally made its fortune producing heaters, air conditioners and home appliances, it is in 1990 that they became a household name, producing the high-quality coffee machines with which the family name is now synonymous. Fashion Looks to Washington With Horror and Hope, After D.C. The Wall Street Journal. Brooks Brothers CEO Claudio Del Vecchio told the newspaper that he hasn't ruled out bankruptcy. Paolo – the younger of the two brothers – obtained his MBA from Harvard Business School in 1985, and currently serves as the company’s CEO, while Gianfelice, who also attended HBS, serves as the group’s chairman. This article is an updated version of an earlier article originally published on 26 January 2015. “But the biggest question mark was, would the customers come back—or were they gone forever?”. Still, turning the business around would mean a massive overhaul. And the yacht is not listed for sale. By now, the answer is unmistakable: Not only did old customers return, but Del Vecchio also found new ones—especially overseas. Summary: Debra Delvecchio is 63 years old and was born on 10/12/1957. What are other names he uses? Claudio Del Vecchio is Chairman/CEO/Owner at Brooks Brothers Inc. See Claudio Del Vecchio's compensation, career history, education, & memberships. He became the 38th richest man in the world in the year 2014. As the widow of pharmaceuticals magnate Alberto Aleotti, Massimiliana – along with their children Lucia and Alberto Giovanni – inherited control of the influential Menarini Group in 2014, with Massimiliana retaining overall ownership. Estimated net worth: $6.3 billion (£4.8 billion). Caffeine aficionados will likely be familiar with De’Longhi coffee, of which Giuseppe – president of parent company De’Longhi SpA – is in charge. By subscribing, you agree to our Claudio Del Vecchio started working at a Luxottica factory when he was 14, and then joined the company full-time after two years of college and an obligatory stint in the Italian army. Like his father, Del Vecchio worked hard and rose through the ranks, starting at a Luxottica factory when he was 14, and then joining the company full-time after two years of college and an obligatory hitch in the Italian army. Lucia and Alberto Giovanni (installed as chairman and vice-chairman, respectively) were convicted of tax fraud and money laundering in 2016, receiving prison sentences of 10 and 7.5 years. Many of the names on this list have had to work hard to reach the top, however. But Del Vecchio’s life took a sharp turn after 1995, when Luxottica acquired U.S. Shoe, which owned the LensCrafters retail chain. Material may not be published, broadcast, rewritten or redistributed without a link to the original content. So, clearly, does Del Vecchio. “It had no distribution there,” he says, “but Gianni Angeli, the chairman of Fiat, was a customer and he was considered a fashion icon. Leonardo Del Vecchio—raised in an orphanage because his widowed mother couldn’t afford to support him—is the founder of Luxottica, the world’s largest eyewear company. “Claudio has a great deal of respect for this great American institution,” he says. He holds the shares through his holding company Delfin SARL. 6 (Claudio, Clemente, Leonardo, Marisa, Luca and Paola) About Leonardo Del Vecchio Leonardo Del Vecchio is an Italian businessman. In fact, experimentation is an integral part of the brand’s tradition. Ian and Richard are still heavily involved in London and Regional Properties too, however. “We actually had to sit down with the SEC, since there were no rules for this type of thing.” (Luxottica later went public in Italy, as well.). All rights reserved. The economist is married to, his starsign is Gemini and he is now 85 years of age. He is still responsible for the day-to-day running of the company and is yet to name a successor for when he eventually steps down. Last year he ranked 59th on the Forbes billionaires list, which put the senior Del Vecchio’s net worth at $10.5 billion. Although some viewed Black Fleece as iconoclastic—especially in 2006, when it was first unveiled—Browne sees it otherwise. Let us know in the comments below! This story first appeared in the March 21, 2011 issue of WWD. Chief Operating Officer. The boat is not available for yacht charter. “When they look at this business 100 years after we’re gone, I hope the chapter they write about us will be a good one. Leonardo Del Vecchio, the owner of the Italian eyewear giant Luxottica, is turning 80 on May 22. Message to Other Media. Leonardo Del Vecchio's eyewear giant Luxottica announced plans to merge with French lens manufacturer Essilor in January 2017, putting Luxottica's octogenarian founder at the helm of what will be the world's largest producer and retailer of sunglasses and prescription glasses. The transition from customer to owner wasn’t even on the horizon at that point. Although his name is now a global byword for luxury and exuberance, Giorgio Armani’s early years couldn’t have been more different. Estimated net worth: $19.8 billion (£15.2 billion). Leonardo Del Vecchio is married with six children and his son Claudio owns US men's retailer Brooks Brothers, which licenses glasses from Luxottica. Mauro Calderan. Others had the same idea—Brooks’ potential suitors included Men’s Wearhouse, May Department Store Co., Polo Ralph Lauren and Dickson Poon—but that changed with 9/11. As you will see, these billionaires and business tycoons come from all types of backgrounds, having found success in industries as diverse as confectionery, eyewear and designer goods. Claudio Del Vecchio: The Key to Success is in Learning How to Listen Maria Teresa Cometto (October 22, 2018) Brooks Brothers, America’s oldest apparel brand, celebrated its milestone two hundred year anniversary in collaboration with Pitti Immagine Uomo in Florence, Italy. As of January 2020, Del Vecchio was estimated by Forbes to have a net worth of $25.8 billion, making him the second richest man in Italy, and the 50th richest in the world. Called Spris, after an Italian aperitif, the place was “very social, like when I was growing up in Italy.”, “My mother’s family was in the hospitality business,” he explains, adding: “Both my grandmother and my mother are unbelievable cooks, so I got very spoiled.”. 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