Leonardo Del Vecchio Net Worth (Updated 2026).

Leonardo Del Vecchio, born in 1935, began his career in the eyewear industry at the tender age of 14. After losing his father at a young age, he was apprenticed to a tool and die maker to help support his family. It was here that he honed his skills and developed a passion for precision and craftsmanship.

In 1961, with just $10,000 in savings, Del Vecchio founded Luxottica, a company that would eventually become the world’s largest eyewear conglomerate. He started by manufacturing molds for other companies, but his entrepreneurial spirit and innovative approach soon led him to design and produce his own frames.

Leonardo Del Vecchio’s Current Net Worth (2025)

As of 2025, Leonardo Del Vecchio’s current net worth is estimated to be around $27 billion, according to Forbes. This makes him one of the wealthiest individuals in the world.

Career

Leonardo Del Vecchio, born in 1935, is an Italian businessman and the founder of Luxottica, the world’s largest eyewear company. He started his career as an apprentice in a metal workshop, eventually saving enough money to open his own company in 1961, producing molds for eyeglass frames. In 1967, he founded Luxottica, which today owns brands like Ray-Ban and Oakley.

Other Ventures

Beyond Luxottica, Del Vecchio has invested in various other industries. He is a significant shareholder in the Italian automaker Fiat Chrysler Automobiles and has also ventured into real estate. In 2018, he acquired a stake in the Italian football club Juventus, further diversifying his business portfolio.

Assets

Del Vecchio’s assets include a significant stake in Luxottica, which he merged with French lens maker Essilor in 2018 to create EssilorLuxottica. He also owns a substantial real estate portfolio, including luxury properties in Milan and other parts of Italy. His art collection, featuring works by artists like Andy Warhol and Roy Lichtenstein, is also a notable asset.

Annual Income

Leonardo Del Vecchio’s annual income is not publicly disclosed. However, given his significant stake in EssilorLuxottica, which generated over €16 billion in revenue in 2020, it can be inferred that his annual income is substantial. His wealth has primarily been built through his entrepreneurial ventures and strategic investments over the years.

Frequently Asked Questions about  Leonardo Del Vecchio

Frequently Asked Questions about Leonardo Del Vecchio

1. What is Leonardo Del Vecchio’s net worth?

Leonardo Del Vecchio’s net worth is estimated to be around $26.5 billion.

2. How did Leonardo Del Vecchio make his fortune?

Del Vecchio made his fortune by founding Luxottica, a multinational company in the eyewear industry. He started the company in 1961 and served as its CEO until 2014.

3. What is Luxottica?

Luxottica is a multinational company that designs, manufactures, and distributes sunglasses and eyeglasses. It is one of the largest eyewear companies in the world, with brands like Ray-Ban, Oakley, and Persol under its umbrella.

4. When was Luxottica founded?

Luxottica was founded in 1961 by Leonardo Del Vecchio.

5. What is Leonardo Del Vecchio’s role in Luxottica today?

After stepping down as CEO in 2014, Del Vecchio became the executive chairman of Luxottica. He also holds a significant stake in the company.

6. What other businesses is Leonardo Del Vecchio involved in?

Besides Luxottica, Del Vecchio has investments in other sectors. He is the majority shareholder of the Italian car parts manufacturer Brembana, and he also has interests in the real estate and finance sectors.

7. Where does Leonardo Del Vecchio live?

Del Vecchio lives in Milan, Italy.

8. Is Leonardo Del Vecchio married? Does he have children?

Yes, Del Vecchio is married. He has four children from his previous marriages.

9. What is Leonardo Del Vecchio’s philanthropic work like?

Del Vecchio is known for his philanthropic work. He has donated to various causes, including education, health, and culture. In 2017, he donated $1.2 billion to the Leonardo Del Vecchio Foundation, which supports social causes and scientific research.

10. What are some awards and recognitions that Leonardo Del Vecchio has received?

Del Vecchio has received numerous awards and recognitions for his business acumen and philanthropic work. Some of these include the Knight of Labour Order (Italy), the Knight of the Legion of Honour (France), and the Cavaliere del Lavoro (Italy). He has also been featured in Forbes’ list of the world’s most powerful people.