Andre de la Valle net worth
Andre de la Valle Net Worth: Andrea Della Valle is an Italian businessman with a net worth of $1.6 billion. Andrea and his brother Diego became billionaires after inheriting the Italian luxury shoe and wallet maker Tod’s from their father Dorino de la Valle. In fact, it was Andrea’s grandfather, Filippo Della Valle, who started the shoe business in the 1920s.
Andrea’s father, Dorino, only kept the shoe workshop, while Diego and Andrea turned it into a factory. The two siblings opened stores around the world, including the US, Europe, China, Japan, Singapore, Hong Kong and Indonesia, resulting in an explosive business growth. Today, Andrea is Vice Chairman and his brother is Chairman of the group, which employs around 3,100 people to create lifestyle brands called Tod’s, Roger Vivier, Hogan and Fay, all at Della Valle two hands. Speaking of Tod’s alone, they collectively own 56 percent of the luxury leather goods maker. One of the largest shareholders, Andrea’s net worth rose by $250 million from a year ago, thanks to a rise in Tod’s stock price. In addition to this, the brothers also hold shares in other prestigious companies such as Italian luxury eyewear company Marcolin and Italian magazine and newspaper publisher RCS MediaGroup. Andrea and Diego are married and have children, and a younger sister, Gisela, who is not involved in the family business.
