Optical (Ray Ban) billionaire Leonardo Del Vecchio divided his fortune equally between his wife, six children and his wife’s son from a previous marriage, according to his will.
As Bloomberg reports, each of the eight heirs will receive a 12.5% stake in Delfin Sarl, the holding company of Del Vecchio’s estate, Delfin said in a statement today. The billionaire, who died on June 27 at the age of 87, left no further instructions regarding the management of the company, according to the statement.
Rising from humble origins, Del Vecchio amassed the second-largest fortune in Italy – after the chocolate-making Ferrero family – with a net worth of $25.7 billion as of June 1, according to the Bloomberg Billionaires Index.
This includes a 32% majority stake in EssilorLuxottica SA, formed by Luxottica SpA’s 2018 merger with French lens maker Essilor, as well as stakes in Italian financial firms Mediobanca SpA, Assicurazioni Generali SpA and UniCredit SpA, as well as real estate company Covivio SA.
Nicoletta Zampillo, who married Del Vecchio for the second time in 2010, was originally going to get 25% of Delfin’s shares. The opening of the will showed that the share was instead divided equally between Zampillo and her son from a previous marriage, Rocco Basilico. The six children Del Vecchio had with three different partners also received 12.5% each.
According to Saturday’s announcement, Delfin’s board will meet to reflect the new shareholder structure and possibly add outside directors. Del Vecchio’s right-hand man, Francesco Milleri, also chief executive of EssilorLuxottica, was widely expected to take a leadership role within Delfin. Milleri was appointed chairman of EssilorLuxottica after the billionaire’s death.