Early Life
Luca Del Vecchio was born in Italy in 2001. He is one of the youngest children of the late Leonardo Del Vecchio, the founder of Luxottica, and Sabina Grossi, who was formerly the head of investor relations at Luxottica. His father, Leonardo Del Vecchio, was a prominent figure in the eyewear industry, having founded Luxottica in 1961.
Rise to Success
Luca Del Vecchio's wealth primarily stems from his inheritance. Following his father's death in June 2022, Luca, along with his siblings and stepmother, inherited a 12.5% stake in Delfin, the Luxembourg-based holding company. Delfin is a major shareholder of EssilorLuxottica, which was formed through the merger of Luxottica and Essilor in 2018. This inheritance placed him among the world's youngest billionaires.
Key Business Strategies
While not operationally involved in EssilorLuxottica or Delfin, Luca Del Vecchio's wealth and influence are tied to the eyewear industry. Delfin controls a diverse portfolio that includes shares in EssilorLuxottica, insurer Generali, banks Mediobanca and UniCredit, and real estate developer Covivio. Through Delfin, Del Vecchio wields significant influence over the operations and strategic decisions of EssilorLuxottica, the world's largest eyewear company.
Philanthropy
Details about Luca Del Vecchio's philanthropic activities are scarce. However, it is known that the Del Vecchio family's holding company, Delfin, is involved in various investments, which suggests a broader interest in business and financial sectors.