If you are a fashion enthusiast, you must have heard of the name Versace. The Italian luxury fashion brand has been a symbol of glamour, elegance, and high-end fashion for decades.
And, as with any successful company, there is always someone at the top who is reaping the benefits of that success. In this article, we will take a closer look at how much money the CEO of Versace makes.
Who is the CEO of Versace?
The current CEO of Versace is Jonathan Akeroyd. He has been holding this position since 2016 and has played an instrumental role in the brand’s growth and expansion. Before joining Versace, he was the CEO of Alexander McQueen for over a decade.
What is Jonathan Akeroyd’s Salary?
As with most high-ranking executives in luxury brands, Jonathan Akeroyd’s salary is not public information. However, according to some sources, he reportedly makes around $2 million per year.
It’s important to note that this figure only takes into account his base salary and does not include other forms of compensation such as bonuses or stock options. Additionally, it’s worth mentioning that his compensation package may vary from year to year depending on how well the brand performs financially.
How Does Jonathan Akeroyd’s Salary Compare to Other Luxury Brand CEOs?
When we compare Jonathan Akeroyd’s salary to other luxury brand CEOs, it’s clear that he falls somewhere in the middle range.
For instance, Bernard Arnault – the CEO of LVMH (which owns brands like Louis Vuitton and Dior) – reportedly makes around $12 billion per year. On the other hand, Ralph Lauren – founder and former CEO of Ralph Lauren Corporation – made approximately $66 million in 2020.
While these figures may seem staggering to most people, it’s important to consider the size and scope of each brand. The bigger the brand, the more money its CEO is likely to make.
Conclusion
In conclusion, Jonathan Akeroyd – the CEO of Versace – reportedly makes around $2 million per year. While this figure may not be as high as some other luxury brand CEOs, it’s still a significant amount of money. It’s clear that being at the top of a successful luxury fashion brand comes with its own set of perks and rewards.