HomeBusinessBillionaire Ray-Ban inheritor eyes $33B takeover of household agency: report

Billionaire Ray-Ban inheritor eyes $33B takeover of household agency: report

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Leonardo Maria Del Vecchio – the billionaire Ray-Ban inheritor recognized for his love of Ferraris and nightclubs – has reportedly launched a roughly $33 billion bid for the household’s holding firm.

The 31-year-old nightclub proprietor outlined his proposal for Luxembourg-based Delfin Sarl in a letter on Monday. The deal is backed by a practically $25 billion mortgage from Citigroup, according to Bloomberg and Italian newspaper Corriere della Serra.

Leonardo Maria – one of the heirs to the late EssilorLuxottica founder Leonard Del Vecchio – lately advised The Post that his ex-fiancée, cleaning soap opera star Jessica Serfaty, advised him she was pregnant but didn’t know whether he was the father.

Leonardo Maria Del Vecchio (above) is vying to take over his household’s holding firm. Getty Images for AWGE

The billionaire claimed he chartered personal jets to fly Serfaty and a group of docs for paternity assessments, including one aboard his yacht, that in the end indicated he wasn’t the father. 

The prodigal son also said on a podcast look with Italian rapper Fedez that he’s been addicted to medication and slept with over 2,000 girls. 

He is providing 3.7 billion euros, or about $4 billion, to purchase out each of his seven co-owners in Delfin, including his 5 siblings, half-brother and mom, Corriere della Serra reported. 

It’s the newest growth in the real-life “Succession” household feud to decide future management over the EssilorLuxottica eyewear fortune, which consists of Oakley, LensCrafters and Ray-Ban, as effectively as stakes in banking and insurance coverage corporations like UniCredit and Monte dei Paschi di Siena. The agency’s publicly disclosed stakes are valued at roughly $50 billion, according to Bloomberg.

Michal Strnad – a Czech arms tycoon value an estimated $13.5 billion, according to Forbes – has also thrown his hat in the ring with a roughly $33 billion proposal to takeover the firm.

EssilorLuxottica did not instantly reply to The Post’s request for remark.

The household owns stakes in the EssilorLuxottica eyewear fortune, as effectively as banking and insurance coverage corporations. Getty Images

Leonardo Maria has emerged as his household’s most outspoken critic of EssilorLuxottica CEO Francesco Milleri, who he has blamed for the inventory’s flailing efficiency – down more than 32% so far this 12 months. The firm has a market worth of 86.91 billion euros, or over $97 billion.

The billionaire inheritor is searching for a dominant place over the household dynasty, angling to enhance his stake from 12.5% to 37.5% and arguing it will present larger stability for the firm. The elder Del Vecchio – who died in June 2022 – left a 12.5% stake in Delfin to each of his heirs. 

But Leonardo Maria lately failed to win board support for loans wanted to purchase out a mixed 25% stake held by siblings Luca and Paola for 10 billion euros, or about $11.2 billion.

Jessica Serfaty (left) and Leonardo Maria Del Vecchio (proper) at a gala in Venice, Italy, on Sept. 3, 2023. Getty Images for amfAR

His more current try to purchase out half-brother Rocco Basilico was also rejected by the board. 

In his Monday letter, Leonardo Maria wrote that his new proposal consists of monetary backing from an unidentified worldwide establishment. He said he will be prepared to current the deal phrases to stakeholders on Nov. 7.

The Citigroup mortgage bears a 1.75% rate of interest, according to Corriere.

Leonardo Maria said the car shopping for the stakes would have strengthened governance guidelines and a binding statute, including that he’ll be joined by two professionals “with long managerial, legal and financial experience” who will present binding recommendation on the most vital choices.

His provide is reportedly just beneath the worth proposed by Strnad on Oct. 20.

In 2023, Leonardo Maria grew to become engaged to Jessica Serfaty – an American mannequin and former girlfriend of actor Ed Westwick, influencer Logan Paul and former One Direction bandmate Niall Horan. 

The pair broke off the engagement in 2024, with Serfaty accusing Del Vecchio of bodily assault. She shortly withdrew the allegations, but later advised the New York Times she only did so because she was pressured by Del Vecchio and his lawyer, insisting that her then-fiancé did hit her. Del Vecchio did not remark on the abuse allegation at the time.

Del Vecchio advised The Post that the allegations have broken his fame and sophisticated enterprise dealings involving EssilorLuxottica and Delfin. He said he hopes the paternity-test outcomes will assist clear his identify, although he declined to elaborate on which enterprise dealings have been affected.

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