What happens to Italian tycoon Del Vecchio's $29 billion 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

MILAN (Reuters) - 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.