VENICE – Another record year and almost 900 million in dividends already in the safe of the heirs of Leonardo Del Vecchio. Dolphin, the Luxembourg holding company that holds the shares of Essilorluxottica (32.2%), Covivio (27.2%, does real estate), Mediobanca (19.9%), Generali (9.8%) and Unicredit (1.9 %) as well as other smaller shareholdings, saw the value of the shareholdings grow to 40 billion and reported total revenues, in the form of dividends from investees, of 890 million, an increase of 23% compared to the previous year. And it didn’t end here. For the current year, based on the good performance of its holdings, Delfin estimates that it will receive over 1 billion in dividends by December 31st.
A figure never seen before in its history and which will only partly go into the pockets of the eight heirs. By statute, Delfin distributes a maximum of 10% of the undisclosed profit to its members, while 5% of the profits goes to the Del Vecchio foundation which deals with projects with an economic and social impact. The numbers were released after the meeting which was held in Luxembourg under the presidency of Francesco Milleri, and served to unanimously approve the 2023 budget, “another record year for profitability and growth in the value of the various shareholdings” .
