HE'S the businessman who took social media by storm under the guise of the The Money King - and recently made over £630million from selling his part of his family company.
And after signing his first record deal with Spinnin’ Records back in 2018, Gianluca Vacchi has now started his own music business.
In an exclusive chat, the Italian DJ said: “My passion for music is more alive than ever, and I’ll continue to immerse myself in this world with a lot of enthusiasm.
“I’m working on lots of new music and I’ve even launched a new record label Mundo Paralelo.
“Over the past years I’ve collaborated with so many amazing artists like Becky G and Luis Fonsi.
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“Now I’m more focused on my new label, Mundo Paralelo, through which we aim to connect with young and cool Latin and Afro artists creating groovy music from around the world.”
His business plans mean Gianluca won’t be back playing Ibiza this summer but during our chat, Gianluca admits he’s taken pride in the legacy he left there.
Gianluca added: “I was among the first to introduce Latin music to Ibiza when it wasn’t considered as cool as today. Now, the entire music world is taking notice. Even though there are opportunities to return to Ibiza this summer, my current priority is to focus on my label and my music production.
“I’ll never forget the events I played and hosted on the island. Some of the best Latin artists came out to join me on stage, and you could really feel the island wanted more.”
Last year Ginluca sold part of his family business – raking in a massive fortune.
Opening up about the move, he explained: “The decision to sell comes after a long journey during which my cousin and I witnessed the company's growth and its ascent to leadership in various sectors of the packaging machinery industry.
“I perceive this as the completion of a phase in my life with the company, and I'm excited for new experiences.
“This move was necessary for me because, at a certain point after a lengthy partnership with your family, you feel the urge to carve out your own path, though we still maintain a strong relationship.
“Letting go of the company isn't easy, but the enthusiasm for embarking on a new phase in my entrepreneurial career outweighs any hesitation. There comes a time when you want to release what you've built and explore new horizons.
“I joined when the company had a turnover of $80 million, and together, we propelled it to nearly $2.8 billion. Selling my stake for more than $800 million, marks the end of a chapter that I can reflect on with satisfaction.”
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