Luciano Benetton
$3.7B
Born
May 13, 1935
Age
90
Source of Wealth
Fashion retail, investments
Residence
Ponzano Veneto,
Citizenship
Italy
Marital Status
Married
Children
4
Education
- Luciano Benetton started the Benetton Group in 1965 with his three siblings, Carlo (d.2018), Gilberto (d.2018) and Giuliana.
- Known for their colorful sweaters, Benetton won over parts of the world, opening its first store in Paris in 1969 and reaching New York in 1980.
- The brand hit some turbulence at the turn of the century amid falling demand for its sweaters and has continued to struggle in recent years.
- In 2018, 12 years after leaving and allowing outside managers to take on greater roles, Luciano returned to help revive the ailing company.
- The family has invested in Italian businesses including Atlantia, a highway infrastructure company that accounts for more than half their fortune.
- Luciano was elected to the Italian Senate in 1992 and served until 1994.
- At age 14 Luciano's father died. Soon after he started working at a clothing store to help his family make ends meet.
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