Gianluca Vacchi Net Worth $200 Million

 

What is Gianluca Vacchi's net worth?

Gianluca Vacchi is an Italian social media personality, entrepreneur, DJ, and author who has a net worth of $200 million. Gianluca earned his fortune as a large stock holder in an Italian manufacturing business called IMA. As on of the company's largest individual shareholders, Vacchi earns tens of million in dividends every year. More on that in a moment.

Gianluca became famous thanks to his Instagram account which has over 20 million followers as of this writing. He is sometimes called "the real life most interesting man in the world" thanks to his luxurious lifestyle. 

Real Estate

Speaking of that Miami apartment. Gianluca purchased this apartment in 2015 for $7.5 million. In his videos he often referred to this condo as the "Sunrise to Sunset Penthouse" for obvious reasons. The condo has 111 linear feet along Biscayne Bay and a private 1,600 square-foot rooftop.

He listed it for sale in April 2020 for $10.9 million. He sold it in August 2020 for $7.7 million. The buyer was Italian-born high-end real estate developer named Valerio Morabito. Valerio is married to Russian supermodel Vita Sidorkina.

Early Life and Family Business Gianluca Vacchi was born on August 5, 1967 in Bologna, Italy. His father Marco Vacchi was the president of the Bank of Bologna and later a member of the Board of Directors of IMA Group. Gianluca's first brush with fame came in his teen years thanks to his talents on the ski slopes.

At the age of 25 Gianluca joined the IMA Group. The IMA Group, Industria Macchine Automatiche S.p.A., was founded in Ozzano dell'Emilia, Italy in 1961. Today the company is a leader in manufacturing and designing machines that process and package cosmetics, food, tobacco, tea, coffee and even pharmaceuticals.

Gianluca and his cousin Alberto eventually helped the business go public and still maintain a large ownership stake. IMA employs 5,000 people, roughly half of which work overseas.

The company's market cap is over $3 billion. IMA generates over $1 billion in annual revenue and around $100 million per year in profit.

Between several holding companies, primarily one called Cofiva, Gianluca either directly or indirectly owns an estimated 50% of the business. Assuming $100 million per year in profits, that would mean Gianluca receives around $50 million per year in pre-tax dividend distributions.

Gianluca continues to serve on IMA's board of directors while his cousin Alberto Vacchi is the president and CEO. Alberto's father, Marco, is the company's honorary Chairman.