Rank #714
Giuseppe De'Longhi & family
Net worth $5.8B
Coffee makers · Italy
- Born
- Apr 24, 1939
- Age
- 87
- Source
- Coffee makers
- Residence
- Treviso
- Citizenship
- Italy
- Marital status
- Divorced
- Children
- 2
- Education
- Bachelor of Arts/Economics, Università Cà Foscari di Venezia
Net worth over time
Biography
- Giuseppe De'Longhi is chairman of De'Longhi SpA, which produces high-end coffee makers and espresso machines.
- De'Longhi's son, Fabio, is the CEO of the company, which pulls in over $2 billion in annual revenue and sells products in more than 100 countries.
- The company was founded in 1902 in Treviso, Italy as a small industrial manufacturing workshop. A century later, its headquarters remain in Treviso.
- The company makes portable heaters, air conditioners, appliances for food preparation, cleaning tools and coffee machines.
- In 2015, De'Longhi sold his majority stake in Italian industrial heating company DelClima to Mitsubishi Electric for $551 million.
- In the late 2000s after portions of The Plaza Hotel in Manhattan were redesigned as luxury condominiums, De'Longhi was reportedly one of the first to buy a condo.
Financial assets
| Exchange | Ticker | Shares | Price |
|---|