Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business
Valentina Za and Claudia Cristoferi

What happens to Italian tycoon Del Vecchio's $29 billion Ray Ban fortune?

FILE PHOTO: Ray-Ban sunglasses are pictured for sale in a Sunglass Hut, both brands owned by EssilorLuxottica SA, in Manhattan, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo

Leonardo Del Vecchio leaves a business empire worth 27 billion euros ($29 billion), ranging from the eyewear company that was his life's work to the stake in merchant bank Mediobanca he built in his 80s.

Del Vecchio, who died aged 87 on Monday, was Italy's second-richest man, according to Forbes. His departure raises questions about the future of the various businesses in which his Delfin holding company was a leading investor.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.