Billionaire Leonardo del Vecchio dies and leaves a net worth of 25,000 million dollars

At the time of his death, his net worth was estimated at US$24.1 billion, making him the second-richest person in Italy and the 54th-richest in the world.

Leonardo Del Vecchio (22 May 1935 – 27 June 2022) was an Italian billionaire businessman, founder and president of Luxottica, the world’s largest producer and retailer of eyeglasses and frames, with 77,734 employees and more than 8,000 stores.

Leonardo del Vecchio, executive chairman of EssilorLuxottica, has died at the age of 87 in his native Milan, as confirmed by the company itself.

Placed at number 52 on the Forbes list of billionaires, Leonardo Del Vecchio is leaving a fortune estimated at 25,000 million dollars.

“Today, the world has lost a visionary”

A fortune that he has amassed as the visible face of the largest production and distribution company in the optics sector, with brands such as Oakley or Ray-Ban.

Italy’s second fortune

Only surpassed by Giovanni Ferrero (Ferrero Group – 36,200 million dollars), Italy’s second fortune leaves a multimillion-dollar legacy that will fall into the hands of the six children he had in three different marriages, as forbes collects.

Absolute poverty

However, beyond a multimillion-dollar empire, Leonardo del Vecchio leaves a story of overcoming a self-made man from the humblest origins.

It all started in an orphanage

As Forbes recovers, the businessman spent seven years of his life at the Martinitt orphanage, where his parents left him to work.