Luciano Benetton (born 13 May 1935) is an Italian billionaire businessman and one of the co-founders of Benetton Group, an Italian fashion brand.
Luciano Benetton was born on 13 May 1935 in Treviso.
His father had a small business and following his death, Benetton dropped out of school at the age of 14 to work in a clothing shop.
He saved money to buy a $200 knitting machine and teamed up with his sister to produce a collection of twenty pieces of yellow, green and pale blue sweaters.
1965
In 1965, together with his siblings Giuliana, Carlo and Gilberto, he founded Benetton Group.
1978
He served as the chairman of Benetton from 1978 to 2012.
1992
In 1992, he was elected to the Italian Senate.
2003
In 2003, he announced that his family is stepping down from running the company, due to decreasing sales and increased competition.
2006
In 2006, he founded the Imago Mundi Collection, a collection of contemporary art in 10 by 12 cm format from around the world.
2012
His son Alessandro chaired Benetton Group from April 2012 to May 2014.
2015
In May 2015, Forbes estimated the net worth of Luciano Benetton and each of his three siblings at US$2.9 billion.
He is married with four children and lives in Treviso.