It really is a luxury Italian shoe- and purse-manufacturing company that he founded in 1978. The sales in China and Hong Kong have grown to almost 14% in 2011 and were up 7% in the initial nine months of 2012. It amounted to $990 million (750 million Euros). Alongside his brother Andrea who can be a billionaire, Diego owns a 56% stake in the firm. Jointly together with his brother, Della Valle additionally owns positions in the U.S. retailer Saks and eyewear business Marcolin. As of March 2013, his brother is #965 in The Forbes Billionaires List and #20 in Italy.
Diego Della Valle Net Worth $1.9 Billion
Born on December 30, 1953 in Sant’Elpidio a Mare, Italy, he is the older son of Dorino and grandson of Filippo Della Valle. Filippo began his shoemaking business in the 1920s that Dieo expanded to the now famed Tod’s brand. He studied Law in the University of Bologna but left the career to be part of the advertising of your family’s shoemaking business. He turned to stars to popularize his product. He got his friend Luca di Montezemolo, who had been a protg of Gianni Agnelli, to present Agnelli having a set of Tod’s driving moccasins. He got the FIAT boss to wear the shoes when he attended Juventus soccer matches which were widely televised. This prompted a rise in sales of the item.
Della Valle once openly attacked Silvio Berlusconi for the overtaxing of big business and his failure to support smaller Italian business. Berlusconi, on the other hand, needed to sue Della Valle of defamation. Diego now sits on the board of numerous companies including Ferrari, Maserati, Banca Nacionales del Lavoro and LVHM. In 2002, he purchased the Tuscan football club, ACF Fiorentina.