Giuseppe De'Longhi & family
$6.0B
Born
Apr 24, 1939
Age
86
Source of Wealth
Coffee makers
Residence
Treviso,
Citizenship
Italy
Marital Status
Divorced
Children
2
Education
Bachelor of Arts/Economics, Università Cà Foscari di Venezia
- 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.
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