New Delhi:
Forbes releases a list of billionaires every year, and this year, all eyes are on Clemente Del Vecchio. What's catching everyone's attention is that he is just 19 years old, making him the youngest billionaire to feature on the prestigious list.
Clemente's father, Italian billionaire Leonardo Del Vecchio, former chairman of EssilorLuxottica, the world's largest eyeglasses firm, passed away at 87 in June last year. His substantial $25.5 billion fortune was inherited by his wife and six children, including Clemente- who became the world's youngest billionaire in 2022.
Some facts about the youngest billionaire:
- Clemente Del Vecchio became a billionaire at the age of 18.
- He has inherited a 12.5% stake in his father's holding company, Delfin, based in Luxembourg.
- ClementeDel Vecchio's net worth currently stands at $4 billion, as perForbes.
- Clemente Del Vecchio, despite his substantial inheritance, is reportedly focused on his studies and personal interests. He has shown a keen interest in science and technology, expressing a desire to attend college and pursue a career in these fields.
- Clemente Del Vecchio reportedly owns several luxury properties in Italy, including a villa in Lake Como and an apartment in Milan.
Despite the vast family wealth stemming from Leonardo's leadership, which included the acquisition of major brands like Sunglass Hut and Ray-Ban, Clemente maintains a low profile and reportedly does not directly engage in his father's businesses.
Clemente Del Vecchio's oldest brother, Claudio, rose to prominence after his father sent him to the United States at 25 in 1982. For 15 years, he managed Luxottica in the US and made notable acquisitions like LensCrafters for $1.4 billion in 1995. In 2001, Claudio bought Brooks Brothers for $225 million, but it faced financial troubles and filed for bankruptcy in July 2020. Clemete's second-oldest brother, Leonardo Maria, is involved in the family business, leading Italian retail for Luxottica. Interestingly, not many know that Clemete Del Vecchio's grandfather worked as a vegetable peddler in Milan and passed away before he was born.
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FAQs
Clemente Del Vecchio
Del Vecchio, 19, owes his net worth to his father Leonardo Del Vecchio, the founder of EssilorLuxottica, the world's largest producer and retailer of glasses and frames.
What does Clemente Del Vecchio do for a living? ›
Clemente Del Vecchio
After his father's death in 2022, Clemente inherited a 12.5% stake in Luxembourg-based holding company Delfin, along with his siblings and mother. According to Forbes, Delfin also owns shares in banks Mediobanca and UniCredit, insurer Generali, as well as real estate developer Covivio.
Who is Florida's youngest billionaire? ›
Austin Russell who is Florida's youngest self-made billionaire, is the founder of Luminar Technologies. If you have not heard of that company, their technology specializes in machine perception technologies which are mostly used to build autonomous cars.
How much money is Kim Jung Youn worth? ›
Kim Jung-youn
The assets from those companies, plus millions in dividends, comprise their fortune, left to them by their late father. Kim Jung-youn is 20 and worth $1.4 billion.
Who was the youngest billionaire ever? ›
Clemente Del Vecchio
Delfin also owns shares in other large companies, including multiple banks. Clemente was at one time the world's youngest billionaire (at the age of 18), but he has since aged out of that title, which is now held by Livia Voigt.
Who is the youngest 19-year-old billionaire? ›
The youngest billionaire in the world is Brazil's Livia Voigt. Just 19 years old and still in college, she's worth an estimated $1.1 billion thanks to her minority stake in the electrical equipment producer WEG, which her late grandfather cofounded.
Who is the youngest billionaire in the world? ›
A 19-year-old Brazilian student, Livia Voigt, claims the title of the world's youngest billionaire, surpassing Italian teen Clemente Del Vecchio. Voigt, heiress to a major electrical motors manufacturer, holds a net worth of $1.1 billion.
How much money does Clemente Del Vecchio have? ›
How to become a millionaire? ›
10 Ways To Become a Millionaire
- Start a Successful Business. ...
- Invest in the Stock Market. ...
- Invest in Real Estate. ...
- Develop High-Income Skills. ...
- Save and Invest Over Time. ...
- Ride Economic Waves. ...
- Get Out of Debt. ...
- Cut Down on Expenses.
According to the Global Wealth Report 2023 by Credit Suisse, there were an estimated 59.4 million millionaires as the worldwide USD millionaires fell by 3.5 million during 2022. The upper-middle segment with a total wealth ranging from $100,000 to $1 million has more than tripled in the 21st century.
Gaming heiress Kim Jung-youn is officially the world's youngest billionaire. She is only 18 years old and inherited around US$2.5 billion in company stakes after her father Kim Jung-ju died in February this year. After a hefty inheritance tax bill, her net worth comes to US$1 billion.
Who is Korea's youngest billionaire? ›
The two women, 22-year-old Kim Jung-min and 20-year-old Kim Jung-youn are both daughters of Kim Jung-ju, the late founder of online gaming giant Nexon. The sisters' net worth is each valued at $1.4 billion. Forbes revealed its world's youngest billionaires list last month.
Who is the wealthiest person in the world? ›
Bernard Arnault, chairman of LVMH, is the richest person and the richest man in the world with a net worth of $215 billion. After Arnault is Jeff Bezos, founder of Amazon.
What does Clemente Del Vecchio own? ›
Besides EssilorLuxottica, Delfin also owns shares in insurer Generali, banks Mediobanca and UniCredit and real estate developer Covivio. He is one of two children Del Vecchio had with Sabina Grossi, Luxottica's former head of investor relations, along with his brother Luca.
How did Leonardo Del Vecchio become rich? ›
He specialized in manufacturing high-quality frames and glasses. His products were preferred in the market. Slowly and gradually, he acquired well-known brands such as Sunglass Hut, Ray Ban, Persol, Vogue Eye Wear, and Oakley. Soon his wealth multiplied manyfold.
How much money does Roberto Clemente make? ›
Let's look at the great Roberto Clemente. He had a net worth of $300 thousand when he tragically died in 1972. That's the equivalent of about $1.9 million in today's dollars. During his career, Roberto earned around $760,000 in salary.
