The heir to one of the world’s leading luxury goods conglomerates has received a fortune of millions of dollars and has also been trained to lead family businesses.
Rocco Basillico He is the new head of the prestigious luxury goods conglomerate, Luxottica GroupThe Italian reaches this position after leading the glasses brand Ray Bandouble its stores in North America and generate 70 million dollars in this market. Its rise is linked to the search for a new strategy for retail trade.
The new president of the multinational company has 12.5% of the company’s sharesHe also owns shares in the banks Mediobanca and UniCredit, the property developer Covivio and the insurance company Generali. This diversification of capital allows him to be one of the most important businessmen in Italy.
The story of Rocco Basilico and a fortune that comes from one of Italy’s most important fashion brands
Basilico is the stepson of EssilorLuxottica founder Leonardo Del Vecchio. He inherited part of his estate in 2022, the rest was divided between his mother and his six siblings.The Italian did not rest on his laurels and trained to work in the family company, graduating from the Catholic University of the Sacred Heart in Milan. There he studied Economics.
The heir joined the company in 2013 and had a great performance, which led him to become CEO of Oliver Peoples in 2016This company is an eyewear brand that was founded in California in 1987 and was later acquired by Luxottica in 2007. His talent at the head of the company was distinguished by Forbes in 2017 by including him in the list of 30 under 30 – Art & Style.
Basilico’s latest project at the head of the conglomerate is the partnership with Facebook to launch its own Ray Ban Stories smart glasses. This prototype aims to engage with the style of luxury items, having an iconic design but being comfortable to wear for several hours. In addition, he mentioned that the team has IT experts to protect the privacy of customers.
How much is Rocco Basilico’s fortune, according to Forbes
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Dasgospia
The Italian managed to make his way in the company through his great performance and his successful leadership. Both the legacy of his stepfather and his own career allowed him to amass a fortune of $5.1 billion according to Forbes.
Source: Ambito
