[2] His father had a small business and following his death,[3] Benetton dropped out of school at the age of 14 to work in a clothing shop.

[2] 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.

[4] In 1965, together with his siblings Giuliana, Carlo and Gilberto, he founded Benetton Group.

[6] In 2003, he announced that his family is stepping down from running the company, due to decreasing sales and increased competition.

[8] In May 2015, Forbes estimated the net worth of Luciano Benetton and each of his three siblings at US$2.9 billion.