How Much Did Versace Leave His Niece?

Gianni Versace, the renowned Italian fashion designer, left a significant inheritance for his family members after his untimely death in 1997. One of the beneficiaries of his estate was his niece, Allegra Versace Beck.

The Life of Gianni Versace

Born in Reggio Calabria in southern Italy in 1946, Gianni Versace was one of the most influential and celebrated fashion designers of the 20th century. He founded his eponymous fashion house in 1978 and quickly rose to fame with his bold and colorful designs. Versace’s creations were worn by some of the biggest names in Hollywood, including Madonna, Princess Diana, and Elton John.

The Tragic Death of Gianni Versace

On July 15, 1997, Gianni Versace was fatally shot outside his Miami Beach mansion by Andrew Cunanan, a serial killer who had been on a killing spree for several months. The news of Versace’s death shocked the fashion world and beyond.

The Inheritance

After Gianni Versace’s death, it was revealed that he had left a considerable portion of his estate to his beloved niece Allegra. At the time of her uncle’s death, Allegra was just 11 years old and had inherited a 50% stake in her uncle’s fashion empire.

It is estimated that Allegra inherited around $800 million worth of shares from her uncle’s estate. This made her one of the richest teenagers in the world at that time.

Allegra’s Relationship with Her Uncle

Gianni Versace was known to have a close relationship with Allegra, who was often seen sitting on his lap during fashion shows and events. The designer considered her to be like a daughter to him and reportedly doted on her.

After her uncle’s death, Allegra became more involved in the family business and eventually took on a more prominent role in the company. She currently serves as the director of Gianni Versace S.r.l. and is actively involved in the brand’s creative direction.

Conclusion

In conclusion, Gianni Versace left a significant inheritance for his beloved niece Allegra after his tragic death. The young heiress inherited a 50% stake in her uncle’s fashion empire, which was estimated to be worth around $800 million at the time. Allegra has since become an important figure in the fashion industry and continues to carry on her uncle’s legacy through her work with the brand.