Leonardo Maria Del Vecchio Net Worth

Leonardo Maria Del Vecchio has an estimated net worth of $5.3 billion, according to Forbes Real-Time Billionaires, Leonardo Maria Del Vecchio profile (figures as of October 20, 2026). That is up from $3.5 billion in 2023.

Leonardo Maria Del Vecchio is an Italian business executive in the eyewear industry. He works at EssilorLuxottica as chief strategy officer and also serves as president of Ray-Ban. His career in the family business took shape after he returned to Milan in 2017 and began working at Luxottica. Ray-Ban is a major part of that story because EssilorLuxottica bought the brand for $640 million in 1999, making it one of the group’s best-known names.

His wealth is tied mainly to the family holding company behind EssilorLuxottica. After his father’s death in 2022, he inherited a 12.5% stake in Delfin, a Luxembourg-based company with major holdings in eyewear and finance. Delfin also owns shares in Generali, Monte dei Paschi di Siena, UniCredit, and Covivio. Beyond the core eyewear business, he has also expanded through LMDV Capital, backing deals in hospitality, mineral water, real estate, restaurants, and publishing.

How Leonardo Maria Del Vecchio built his business role

Most of Del Vecchio’s fortune comes from ownership in a large family business. Forbes places him in Fashion & Retail, with wealth connected to eyeglasses. A central asset is his inherited 12.5% stake in Delfin, the holding company tied to EssilorLuxottica, the world’s largest eyeglasses firm. That ownership links him directly to the eyewear business that made the Del Vecchio name so prominent, while his executive jobs give him an active role inside the company too.

He is one of his father’s heirs who works at the company, according to Forbes. Alongside his strategy job at EssilorLuxottica, he leads Ray-Ban as president. He has also widened his business interests through LMDV Capital. In 2024, that firm acquired control of Acqua Fiuggi. In 2025, it pushed further into hospitality with Twiga and Twiga Porto Cervo, and also entered publishing with a 30% stake in Il Giornale.

How Forbes' estimate changed

Forbes has lifted its estimate of Del Vecchio’s wealth several times in recent years. It placed him at $3.5 billion in 2023, then $4.7 billion in 2024, and $6.6 billion in 2025. On the 2026 World’s Billionaires List, Forbes estimated his fortune at $7 billion. Those changes track the value of his inherited holdings, especially the stake in Delfin and its connection to EssilorLuxottica and other major investments.

Later in 2026, the picture moved lower on Forbes’ real-time tracker. As of October 20, 2026, Forbes estimated his net worth at $5.3 billion. That real-time figure can shift more quickly than the annual billionaire list because it reacts to market moves. Even so, the core sources of his wealth stayed the same: EssilorLuxottica through Delfin, plus Delfin’s holdings in Generali, Monte dei Paschi di Siena, UniCredit, and Covivio.