Gianni Versace founded the luxury fashion brand Versace in 1978. The Italian fashion designer created a name for himself by designing bold, vibrant, and daring clothes that were worn by some of the biggest celebrities in the world.
After his untimely death in 1997, his sister Donatella took over as the creative director of the brand. Today, Versace is one of the most recognizable and successful fashion brands in the world.
But how much is the owner of Versace worth? Well, it’s a bit complicated.
In 2018, Michael Kors Holdings acquired Versace for $2.1 billion USD. However, Donatella and her brother Santo still own 20% of the company through their family’s holding company, Givi Holding S.p.A.
According to Forbes’ Billionaires list, Donatella and Santo are both billionaires themselves. As of April 2021, Donatella’s net worth is estimated to be $1.6 billion USD while Santo’s net worth is estimated to be $2 billion USD.
But that’s not all. The late Gianni Versace also had a significant impact on the fashion industry during his lifetime and amassed a considerable fortune before his death. According to Celebrity Net Worth, Gianni was worth $800 million USD at the time of his death.
So while it’s not entirely accurate to say that someone “owns” Versace anymore since it is now part of a larger corporation, it’s safe to say that the Versace family has done quite well for themselves over the years.
Conclusion
In conclusion, while it may be difficult to determine exactly how much “the owner” of Versace is worth since it is now part of a larger corporation owned by Michael Kors Holdings, we know that Donatella and Santo Versace are both billionaires themselves thanks to their ownership stake in Givi Holding S. And let’s not forget the late Gianni Versace, who was worth $800 million USD at the time of his death and left behind a legacy that continues to influence the fashion industry today.