Early Life
Clemente Del Vecchio was born on May 14, 2004, in Milan, Italy. He is the son of the late Leonardo Del Vecchio, the founder of Luxottica, which later merged with Essilor to form EssilorLuxottica. His mother is Sabina Grossi. Clemente grew up in a family deeply involved in the eyewear industry, with his father establishing a dominant presence in the global market.
Rise to Success
Following the death of his father in June 2022, Clemente inherited a significant portion of the family wealth. He holds a 12.5% stake in Delfin, a Luxembourg-based holding company that manages investments, including EssilorLuxottica. This stake is valued at approximately $4.7 billion. This inheritance made him the youngest billionaire in the world at the age of 18.
Key Business Strategies
Clemente Del Vecchio's wealth is primarily tied to his family's association with EssilorLuxottica, the world's largest eyewear company. EssilorLuxottica designs, produces, and markets ophthalmic lenses, frames, and sunglasses. The company's success is rooted in its vertically integrated business model, managing the entire eyewear production process. Clemente's wealth extends to various subsidiaries and brands within the eyewear industry.
Philanthropy
Clemente has expressed interest in philanthropy. He has stated that he wants to support causes that create long-term impact, focusing on mental health, education, and climate innovation. He is exploring opportunities in environmental protection and youth education. He has not yet launched any major initiatives.
