$3.9 billion worth | How did a young Italian become the youngest wealthy man in the world?

The 19-year-old Italian Clemente del Vecchio has become the top of the list of the youngest richest people in the world, with a fortune of $ 3.9 billion, according to the list of «Forbes billionaires».

Clemente del Vecchio, a young Italian with great wealth - Source: Al-Watan newspaper

How did he become the richest young man in the world?

Clemente, born on May 14, 2004, in Milan, Italy, rose to the limelight in June last year, following the death of his father, Leonardo del Vecchio, founder of the luxury eyewear company Luxottica Group, from whom he inherited the luxury company.

Heir to a huge empire

The young man now has a company with subsidiaries under its umbrella, including Dolphin, which has shares in the insurance company Generali, banks Mediobanca, UniCredit and real estate developer Covivio, and Clemente, the world’s youngest billionaire, is not very famous.

When did the Luxottica variety appear?

The Luxottica Group first appeared in 1961 and then continued to expand, eventually becoming a multinational company with brands such as Ray-Ban and Sunglass Hat under its umbrella.

The British newspaper “The Sun” commented to explain that the youngest billionaire in the world, does not participate directly in his father’s companies and has a brother named Claudio, who traveled to the United States at the age of 25 in 1982 and is the one who manages the large company.

Another brother takes a position in the big company

The young man has another brother, Leonardo Maria, who works for the family business as the head of the Italian retailer Luxotica.

 


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