Del Vecchio Heirs to Get Record €1 Billion in Dividends for 2024

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Billionaire Leonardo Del Vecchio’s heirs are expecting record dividends of over €1 billion ($1.1 billion) from their shareholdings by the end of 2024, two years after the death of the founder of eyewear maker EssilorLuxottica.

The value of holdings at the family’s Delfin Sarl now totals €40 billion, following a 50% increase in the last two years, according to a statement Tuesday. Delfin shareholders also said dividends for 2023 totaled about €890 million.