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


  • World
  • Monday, 27 Jun 2022

FILE PHOTO The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4 2016. REUTERSAlessandro BianchiFile Photo

FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi/File Photo

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.

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