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Del Vecchio rose from poverty to billions by adding style to spectacles

Iconic brands like Ray-Ban and Oakley were among the scores of targets Del Vecchio snapped up on his way to the top

Leonardo Del Vecchio, Rayban owner
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Leonardo Del Vecchio

Reuters
Businessman Leonardo del Vecchio, who has died aged 87, created the glasses company that owns brands including Ray-Ban and used his billions to become one of the most influential figures in Italian finance.

Del Vecchio rose from a childhood in an orphanage to amass a fortune of tens of billions of euros in one of the most famous rags-to-riches stories in Italy's post-war economic recovery.

At the end of 2021, he was Italy's second richest man, behind only Giovanni Ferrero of the Nutella-making group, according to Forbes.

As is common in Italy, Del Vecchio, the chairman of spectacles maker EssilorLuxottica, did not retire

Disclaimer: No Business Standard Journalist was involved in creation of this content

Topics : Billionaire

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First Published: Jun 27 2022 | 4:57 PM IST

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