When we think of luxury fashion, one of the first names that comes to mind is Gucci. The Italian brand, founded in 1921 by Guccio Gucci, has become synonymous with high-end status symbols, from its iconic horsebit loafers to its interlocking G logo.
But with all this prestige also comes a hefty price tag. So just how much is the Gucci family worth?
The answer is a bit complicated, as the brand has changed hands several times over the years and is now owned by French luxury conglomerate Kering. However, we can still take a look at the net worths of some of the key players in the Gucci family.
First and foremost is Alessandro Michele, who has been creative director of Gucci since 2015. Michele’s designs have been credited with reviving the brand and making it one of the hottest names in fashion once again. According to Celebrity Net Worth, Michele’s net worth is estimated to be around $8 million.
Next up is Marco Bizzarri, who serves as CEO of Gucci. Bizzarri has been with Kering since 2005 and took over leadership of Gucci in 2015 alongside Michele.
Under his watch, the brand has seen impressive growth; as of 2021, it was valued at $16 billion according to Forbes. Bizzarri’s net worth is estimated at around $10 million.
Of course, we can’t forget about some of the original members of the Gucci family. Maurizio Gucci was one of the last family members to run the brand before it was sold off in pieces in the 1990s due to financial troubles and infighting within the family.
He was tragically murdered in 1995 by a hitman hired by his ex-wife Patrizia Reggiani (who famously said “I’d rather cry in a Rolls-Royce than be happy on a bicycle”). At the time of his death, Maurizio was worth an estimated $170 million.
Other notable members of the Gucci family include Patricia Gucci, daughter of Aldo Gucci (who was once the head of the brand’s American operations), and her children Alexandra and Gabriel de Givenchy. However, it’s unclear what their current net worths are.
In conclusion, while the Gucci family may no longer own the eponymous brand they founded, their legacy lives on through its continued success. And while some members have certainly amassed considerable wealth over the years, it’s clear that the true value of Gucci lies in its cultural cachet and enduring appeal as a symbol of luxury and sophistication.
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