Leonardo Maria Del Vecchio
Source of wealth: Eyeglasses
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The scale of their wealth
Health
The price of life
Let's compare Leonardo Maria Del Vecchio's fortune with the healthcare spending of a massive country
Leonardo Maria Del Vecchio could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Leonardo Maria Del Vecchio could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Leonardo Maria Del Vecchio could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.7 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Leonardo Maria Del Vecchio could pay for it entirely for 2.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Leonardo Maria Del Vecchio could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 9.8 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Leonardo Maria Del Vecchio with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.2 years.
Gold
Everyday luxuries
Leonardo Maria Del Vecchio's fortune is equivalent to 40 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Leonardo Maria Del Vecchio could buy 10,671,833 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Leonardo Maria Del Vecchio will almost certainly have enough money left over to pay for the gas.
Biography
Leonardo Maria Del Vecchio is one of six children of Leonardo Del Vecchio, the late chairman (d. 2022) of EssilorLuxottica, the world's largest eyeglasses firm.
He inherited a 12.5% stake in his father's Luxembourg-based holding company Delfin after his death, along with his mother and six half-siblings.
Besides EssilorLuxottica, Delfin also owns shares in insurer Generali; banks Monte dei Paschi di Siena and UniCredit; and real estate developer Covivio.
Leonardo Maria is one of only two of his father's heirs to work at the company; he serves as EssilorLuxottica's chief strategy officer.
He is also the president of Ray-Ban, which EssilorLuxottica acquired for $640 million in 1999.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison