Clemente Del Vecchio Biography
Clemente Del Vecchio, who is just 18 years old, has gained attention lately for becoming the youngest billionaire in history. Though not much is known about him, Clemente is the son of the late Leonardo Del Vecchio, the founder of the upscale eyewear company Luxottica Group. He has inherited a sizeable wealth and is expected to rise to prominence in the business world.
It is known that Clemente, who was born in Milan, Italy, on May 14, 2004, grew raised in a wealthy and privileged family. Because of his father’s success in the eyewear business, he had access to a wealth of possibilities and resources. Although it is generally anticipated that he will ultimately take over the family company and carry on his father’s heritage, he appears to have different ideas at the moment. He is believed to be very interested in science and technology and has stated that he wants to go to college and work in these areas. He is a dedicated student.
Nevertheless, assuming control of an established enterprise would not be Del Vecchio’s sole business endeavor; he also has an interest in real estate and is claimed to own a number of opulent properties in Italy, such as an apartment in Milan and a home in Lake Como.
Clemente Del Vecchio Family Background
The infamous Italian business family Del Vecchio is headed by Clemente’s father, who sadly died away a year ago. Leonardo founded Luxotica in 1961, which went on to become the largest eyeglasses firm in the world, Luxottica Group. After thereafter, it kept growing and eventually became into an international company that owned brands like Oakley, Sunglass Hut, and Ray-Ban.
Leonardo del Vecchio, Clemente’s father, was a reclusive man who put his family first despite his riches. Clemente was the youngest of his four children, and he was married twice.
About Clemente Del Vecchio
Leonardo Del Vecchio, the late chairman of EssilorLuxottica, the largest eyewear company in the world, passed away in 2022, leaving behind six children, including Clemente Del Vecchio.
After his father passed away, he, along with his stepmother and six siblings, got a 12.5% share in his father’s holding company, Delfin, which is domiciled in Luxembourg.
In addition to EssilorLuxottica, Delfin owns stock in the banks Mediobanca and UniCredit, the real estate developer Covivio, and the insurer Generali.
Along with his brother Luca, he is one of the two children Del Vecchio had with Sabina Grossi, the former head of investor relations at Luxottica.
Clemente became the youngest millionaire in history at the age of eighteen in 2022, following his inheritance of his father’s wealth.
Who is Clemente the youngest billionaire?
Along with his brother Luca, he is one of the two children Del Vecchio had with Sabina Grossi, the former head of investor relations at Luxottica. Clemente became the youngest millionaire in history at the age of eighteen in 2022, following his inheritance of his father’s wealth.
So How Much Does He Actually Own?
A great deal, according to the Spanish publication El Independiente. Following Leonardo’s death, Clemente only received 4% of his father’s matrix shares. The total is 3.767 million euros, a substantial amount of money that an average 18-year-old does not have in their pocket each month (or in their lifetime). It’s reported that Clemente has already made some investments with that money, taking some chances with companies like Zoom or FlixBus.
The life of Clemente Del Vecchio is a monument to the influence of privilege and bloodline. Having come from a prosperous and accomplished family, he has been bestowed with a singular chance to forge his own course in life. Even though he has an advantage due to his inheritance, it is obvious that he has goals beyond simply assuming control of his father’s enterprise. He is demonstrating his ambition and will to succeed on his own by following his interests in science, technology, and real estate. Clemente has the potential to have a significant influence as the youngest billionaire in history, and it will be interesting to follow his path in the years to come.
What 18YO Billionaire’s Other Siblings Do
Leonardo’s eldest son Claudio, who was moved to the United States in 1982 at the age of 25, is the most well-known of his children. He was in charge of Luxottica’s US operations for fifteen years. In 1995, he paid $1.4 billion to acquire LensCrafters at this period. And in July 2020, the retailer filed for bankruptcy and was sold, after Claudio’s $225 million purchase of the storied menswear brand Brooks Brothers in 2001.
According to a report in The Sun, Leonardo Maria, Leonardo’s second-oldest son, works for his family’s company as head of Italian retail for Luxottica. Few people are also aware that Del Vecchio’s father perished before his birth while selling vegetables on Milan’s streets.
How did Clemente Del Vecchio become a billionaire?
Clemente became the youngest millionaire in history at the age of eighteen in 2022, following his inheritance of his father’s wealth.
