New Delhi: Clemente Del Vecchio, a 19-year-old, has become the center of attention after being named the world’s youngest billionaire by Forbes. Inheriting his father’s fortune, Clemente is the son of Italian billionaire Leonardo Del Vecchio, the former chairman of EssilorLuxottica, the largest eyeglasses company in the world. Leonardo passed away last year at the age of 87, leaving behind a substantial $25.5 billion for his wife and six children, including Clemente.
Here are some key facts about Clemente Del Vecchio:
1. Clemente became a billionaire at the age of 18.
2. He inherited a 12.5% stake in his father’s holding company, Delfin, based in Luxembourg.
3. Currently, Clemente’s net worth is estimated at $4 billion by Forbes.
4. Despite his wealth, Clemente remains focused on his studies and personal interests, particularly in science and technology. He plans to attend college and pursue a career in these fields.
5. Clemente also owns luxury properties in Italy, including a villa in Lake Como and an apartment in Milan.
Despite being part of a wealthy family known for its acquisitions of major brands like Sunglass Hut and Ray-Ban, Clemente prefers to maintain a low profile and does not directly involve himself in his father’s businesses.
Clemente’s oldest brother, Claudio, gained prominence after his father sent him to the United States in 1982. He successfully managed Luxottica in the US for 15 years, making significant acquisitions such as LensCrafters and Brooks Brothers. However, the latter faced financial difficulties and filed for bankruptcy in July 2020. On the other hand, Clemente’s second-oldest brother, Leonardo Maria, is actively involved in the family business, overseeing Italian retail for Luxottica.
It is interesting to note that Clemente’s grandfather worked as a vegetable peddler in Milan before his passing, a fact that many may not be aware of.
This young billionaire’s rise to prominence showcases his determination to forge his own path while carrying on his family’s legacy.
