There has been a lot of speculation around whether or not Terry Waya, a Nigerian billionaire and socialite, is the owner of the famous luxury fashion brand Versace. However, after thorough investigation and research, it has been confirmed that Mr. Waya is not the owner of Versace.
Who is Terry Waya?
Terry Waya is a well-known figure in Nigeria’s high society. He gained fame in the 1990s for his lavish lifestyle and extravagant spending habits. Mr. Waya was known for throwing lavish parties and owning expensive properties around the world.
Mr. Waya made headlines again recently when his son Kiddwaya participated in the popular reality show Big Brother Naija (BBNaija) in 2020.
The Connection to Versace
Rumors about Terry Waya’s supposed ownership of Versace began to circulate after he posted a picture of himself with Donatella Versace, the Vice President and Chief Designer of Versace, on his Instagram page.
However, this picture alone does not prove that Mr. Waya is the owner of Versace. In fact, it is common for celebrities and high-profile individuals to take pictures with designers and other industry insiders at events.
Moreover, upon further research it was discovered that Gianni Versace founded the company in 1978. After his death in 1997, his sister Donatella took over as Creative Director and Vice President of the company. The company was later sold to Capri Holdings Limited (formerly known as Michael Kors Holdings Limited) in 2018.
The Truth About Terry Waya’s Wealth
While Mr. Waya may not be the owner of Versace, he is still a wealthy individual with an impressive net worth. According to reports, he made his fortune through various business ventures such as real estate development and oil trading.
In conclusion, despite the rumors and speculation, Terry Waya is not the owner of Versace. It is important to fact-check information before spreading rumors or making assumptions based on social media posts. Additionally, it is always fascinating to learn about the lives of wealthy individuals and their accomplishments in business and society.
10 Related Question Answers Found
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