Francesco Milleri Net Worth: Salary, Shares, And Influence
Francesco Milleri Net Worth covers his 2026 compensation, EssilorLuxottica bonuses, vested shares, and Delfin leadership role.
Apr 28, 20261.5K Shares20K Views
Francesco Milleri’s total compensation as EssilorLuxottica’s Chairman & CEO combines fixed salary, annual bonuses, and long-term incentive awards. EssilorLuxottica filings set his base salary at €2.1 million per year.
His annual bonus target is 150% of base salary, or about €3.15 million, with a maximum of 300%, or €6.3 million, if targets are exceeded. Milleri’s annual bonuses have moved with performance. The board approved a €3.15 million bonus for 2023, equal to 140% of target, and €3.73 million for 2024, equal to 118% of target.
In early 2026, the board reported a €5.66 million bonus for Milleri, equal to 179.6% of target, based on 2025 results. His fixed pay and bonus structure were confirmed for 2024–2027: fixed salary of €2.1 million, a 150% target bonus, and a 300% maximum bonus.
Milleri’s long-term incentive plan can deliver up to 100,000 performance shares per cycle, with an even split of those awards typically paid out only if multi-year performance conditions are met. In 2026, the board introduced a parallel “performance unit” cash award under the same long-term plan. The mix of fixed salary, annual bonus, and stock-based incentives has otherwise remained consistent.
| Fact | Details |
| Net Worth | Not publicly disclosed; linked to salary and shares. |
| Shares | ~2.15M shares (~0.5%), ~€340M value. |
| Salary | About €2.1M annually. |
| Bonus | Performance bonus ~€3.73M (2024). |
| Incentives | Up to 100K performance shares. |
| Position | Chairman & CEO (since 2022). |
| Key Role | Led Essilor–Luxottica merger. |
| Strategy | Focus on AI, smart glasses, health tech. |
| Acquisitions | Nuance, Supreme, Heidelberg stake. |
| Leadership | Practical, innovation-driven approach. |
Equity-Linked Awards Tied To EssilorLuxottica Stock Performance
Milleri’s long-term pay is closely tied to EssilorLuxottica’s stock and financial performance. The company’s performance-share plan vests awards only when ambitious targets are met.
Vesting depends on three multi-year goals: share price growth, adjusted earnings per share (EPS), and a CSR sustainability metric. No shares vest if EssilorLuxottica’s stock does not grow by at least 2% per year, compounded, over the three-year period.
Once the 2% threshold is exceeded, vesting scales with share outperformance. Annualized growth of at least 7%, or about 22% total over three years, would vest 100% of the granted shares, while slower growth results in proportionally fewer shares. If EssilorLuxottica underperforms its Euro Stoxx 50 index peer group, vesting would be capped at 50%.
For Milleri and his deputy, an additional EPS target with a 40% weight and a CSR target with a 20% weight were added in 2024 to balance long-term growth with profitability and sustainability.
Those conditions have been met. In October 2025, EssilorLuxottica announced that a 21.3% annualized stock gain, well above the 2% hurdle, had fully satisfied the share-price condition and that the company’s gain had outperformed the Euro Stoxx 50.
That year, 50,000 performance shares vested for Milleri, along with 35,000 for his deputy. EssilorLuxottica says about 80% of Milleri’s potential pay is conditional on company results or stock metrics, aligning his incentives with shareholder returns.
Delfin Chairmanship Over The Del Vecchio Family Holding Structure
Milleri also assumed a leadership role within the Del Vecchio family’s corporate holding structure. After founder Leonardo Del Vecchio died in June 2022, Milleri was appointed Chairman of EssilorLuxottica and soon afterward became Chairman of Delfin S.p.A., the family’s holding company.
Delfin controls Del Vecchio’s investments in finance and insurance and has entrusted Milleri with managing its strategic interests. He has publicly led Delfin’s decisions on stakes in Italian banks and insurers, including votes on major mergers and divestments.
Alongside running the eyewear group, Milleri chairs Delfin, oversees the Del Vecchio family’s holding structure, and guides board decisions in areas such as financial-sector investments and corporate governance.
Smart-eyewear Partnerships Tied To Meta And Wearable Technology
Milleri has positioned EssilorLuxottica at the forefront of smart eyewear. The group has deepened its long-term partnership with Meta to develop AI-enabled glasses.
He said that “glasses are poised to become the central device in people’s lives, possibly replacing smartphones.” He has also expanded smart-glasses production, noting that Ray-Ban Meta capacity is expected to reach 10 million units annually by 2026.
Milleri indicated that this capacity can support additional wearable products, including hearing-assistance eyewear. The Oakley Meta collection launched in 2025 is another result of this strategy.
His smart-eyewear strategy is part of a broader expansion into wearables and medical technology beyond traditional lenses and frames. The Meta partnership has already become a significant business stream, with more than one million connected frames sold in 2024 and the category identified as a major revenue driver.
Luxury Eyewear Licensing Scale Behind Leadership Compensation
EssilorLuxottica’s portfolio extends beyond its proprietary brands through licensing agreements with numerous luxury fashion labels. Milleri has described these partnerships, together with the company’s global retail network, as part of a vertically integrated business model.
Licensing revenue adds to EssilorLuxottica’s scale and profitability, while Milleri’s compensation is tied to overall group performance rather than individual brand contracts. Revenue from licensed brands contributes to financial results that directly affect executive bonuses and long-term incentive outcomes.
The breadth of the licensing portfolio strengthens the company’s earnings base and supports leadership compensation without tying it to any single agreement.
Ray-Ban And Oakley Growth As Indirect Earnings Drivers
Core brands remain central to EssilorLuxottica’s financial performance under Milleri’s leadership. In early 2026, the company reported that Ray-Ban and Oakley were its top-performing frame brands, supported by strong demand for AI-enabled eyewear.
Their performance continued a period of sustained growth momentum driven by innovation across traditional and smart product categories. Ray-Ban and Oakley contribute significantly to group revenue and operating results.
Because executive compensation is closely tied to financial performance and strategic targets, the continued success of Ray-Ban and Oakley indirectly strengthens Milleri’s earnings potential by helping the company meet its performance benchmarks.
Francesco Milleri Net Worth
Francesco Milleri’s net worth remains private as of 2026, with no officially confirmed public figure. He is Chairman and CEO of EssilorLuxottica and Chairman of Delfin, with income tied to those executive roles.
At EssilorLuxottica, he receives a fixed annual salary reported at about €2.1 million, along with substantial performance-based bonuses, including €3.726 million for 2024 and €5.657 million for 2025. He also participates in the company’s long-term stock award programs, including 50,000 performance shares that vested in 2025.
In addition, he was granted 2.15 million EssilorLuxottica shares, valued at about €340 million, under Leonardo Del Vecchio’s estate plan. No other personal income or wealth figures have been made public.
FAQs
What Is Francesco Milleri’s Educational Background?
Francesco Milleri graduated with honors in Law from the University of Florence. He also studied business administration at Bocconi and specialized in corporate finance at NYU Stern.
When Did Francesco Milleri Become CEO Of EssilorLuxottica?
EssilorLuxottica appointed Francesco Milleri as CEO in December 2020. He later became Chairman and CEO on June 28, 2022.
What Did Francesco Milleri Do Before Joining EssilorLuxottica?
Before his EssilorLuxottica leadership role, Milleri worked in business consulting. He founded Abstract, a strategic digital consultancy, in 1996.
Did Francesco Milleri Work In Academia?
Yes. He worked as a teaching assistant in Political Economy at the University of Florence from 1984 to 1986.
Who Is Francesco Milleri’s Deputy At EssilorLuxottica?
Paul du Saillant serves as Deputy CEO of EssilorLuxottica. The company’s board appointed Milleri as CEO and du Saillant as Deputy CEO in 2021.
Is Francesco Milleri Part Of EssilorLuxottica’s Board?
Yes. EssilorLuxottica lists Francesco Milleri as Chairman and Chief Executive Officer on its board of directors.
Jump to
Equity-Linked Awards Tied To EssilorLuxottica Stock Performance
Delfin Chairmanship Over The Del Vecchio Family Holding Structure
Smart-eyewear Partnerships Tied To Meta And Wearable Technology
Luxury Eyewear Licensing Scale Behind Leadership Compensation
Ray-Ban And Oakley Growth As Indirect Earnings Drivers
Francesco Milleri Net Worth
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