Ray-Ban’s billionaire owner Del Vecchio dies at 87

Leonardo Del Vecchio, who founded eyewear empire Luxottica in a trailer and turned an everyday object into a global fashion item, becoming one of Italy's richest men in the process, died on Monday. He was 87. Born May 22, 1935 in Milan to a poor family, he spent part of his youth in an orphanage and began working as a teenager. He founded his own company, Luxottica, in 1961, supplying the optical industry with components.