Sunglasses Tycoon Leonardo Del Vecchio Was Abandoned As A Child To An Orphanage – Today He’s Worth $26 Billion

Today, Leonardo del Vecchio lives a very attractive life, but it did not start that way. Unlike many of the world’s wealthiest people, he did not inherit his fortune and develop it. When Leonardo was five months old, his father died. Her mother was poor and struggled to take care of her, so she left her at an orphanage at the age of seven. When he was 14 years old, he got a job in a factory to make enough money to survive. Leonardo del Vecchio went from an orphanage to establish a multi-billion sunglass company that allowed him to become one of the richest people in the world with $ 26 billion dollars. He has a truly inspiring rags-to-riches story.

Leonardo Del Vecchio was born on 22 May 1935 in Milan, Italy. After spending most of her childhood being raised by nuns in an orphanage, 14-year-old Del Vecchio was forced to work in a factory in Milan. At the factory, Leonardo soon became an apprentice to an equipment manufacturer who specializes in making components for eyeglasses. Within a few years, he started studying industrial design in the evenings, while continuing to work full-time at the factory. Del Vecchio saw the potential for the expansion of the eyeglasses market, so when he was 26 years old in 1961, he moved to the Italian capital of Agordo and started his company Luxottica.

Getty Images for Getty Images

Del Vecchio has perhaps the distinction of being the first person who thought eyewear could also be a fashion statement. He instinctively understood that glasses were not just for better vision, they were also an extension of the wearer’s personality and style. By 1974, Dell Vecchio was acquiring companies to expand Luxottica’s holdings. By the late 1980s, he was establishing lucrative licensing deals. In the early 1990s, he was acquiring the distribution and retail businesses in the eyewear business. It is safe to say that all the glasses you are buying in the world today are either owned or manufactured by Luxottica. It is also very likely that the shop where you buy your glasses is owned by Luxottica.

Luxottica has the names of Lens Crafters, Ray-Ban, Persol, Sunglass Hut, Pearl Vision, Oakley, Revo, Arnett, Killer Loop…. Luxottica also has manufacturing deals with luxury brands such as Ferragamo, Chanel, Versace, Prada, Armani, Ralph Lauren, Cha Bulgari, Miu Miu, Tiffany, Salvatore Ferragamo, Donar Karan, Brooks Brothers, Sergio Tacchini, Anne Klein, Versus, Polo . Chaps, Ralph, Oliver Peoples, and Adrienne Vittadini, Tiffany & Co. and DKNY. Luxottica owns approximately 6400 retail outlets in North America, China, Australia, New Zealand and the United Kingdom. His brands include Sunglass Hut International, Watchtype, Lenskarters, Budget Eyewear, Peerle Opticians, Peerl Vision, Surfies, Sears Optical, Target Optical and Coal Vision Care.

The rags-to-riches story of Leonardo del Vecchio is truly remarkable. He expelled himself from an orphanage, off the factory floor, and on the list of the world’s richest people. Oh, and in case you were wondering, Leonardo del Vecchio doesn’t even wear glasses!

Related Posts

Leave a Reply

error: Content is protected !!