Forbes not too long ago launched their listing of billionaires for 2023, and amongst them, the one one who caught worldwide consideration was a 19-year-old Clemente Del Vecchio, who marked a internet value of $400 crores.
Clemente’s father, Italian billionaire Leonardo Del Vecchio, former chairman of EssilorLuxottica, the world’s largest eyeglasses agency, handed away at 87 in June final yr. His substantial $25.5 billion fortune was inherited by his spouse and 6 kids, together with Clemente- who grew to become the world’s youngest billionaire in 2022.
Clemente Del Vecchio was the youngest billionaire within the prestigious listing by Forbes.
Some details in regards to the youngest billionaire Clemente Del Vecchio
-Clemente Del Vecchio grew to become a billionaire on the age of 18.
He has inherited a 12.5% stake in his father’s holding firm, Delfin, primarily based in Luxembourg.
-Clemente Del Vecchio’s internet value at the moment stands at $4 billion, as per Forbes
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-Clemente Del Vecchio, regardless of his substantial inheritance, is reportedly targeted on his research and private pursuits. He has proven a eager curiosity in science and know-how, expressing a want to attend faculty and pursue a profession in these fields.
Clemente Del Vecchio reportedly owns a number of luxurious properties in Italy, together with a villa in Lake Como and an condo in Milan.
Regardless of the huge household wealth stemming from Leonardo’s management, which included the acquisition of main manufacturers like Sunglass Hut and Ray-Ban, Clemente maintains a low profile and reportedly doesn’t straight have interaction in his father’s companies.
Clemente Del Vecchio’s oldest brother, Claudio, rose to prominence after his father despatched him to america at 25 in 1982. For 15 years, he managed Luxottica within the US and made notable acquisitions like LensCrafters for $1.4 billion in 1995.
In 2001, Claudio purchased Brooks Brothers for $225 million, nevertheless it confronted monetary troubles and filed for chapter in July 2020. Clemete’s second-oldest brother, Leonardo Maria, is concerned within the household enterprise, main Italian retail for Luxottica. Curiously, not many know that Clemete Del Vecchio’s grandfather labored as a vegetable peddler in Milan and handed away earlier than he was born.
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Up to date: 26 Nov 2023, 04:19 PM IST
Supply: Live Mint