The Versace family is one of the most prominent and successful families in the fashion industry. The brand was founded by Gianni Versace in 1978 and has since become a household name for luxury fashion.
Today, the company is run by his siblings Donatella and Santo Versace. With such an iconic brand, it’s natural to wonder just how rich the Versace family is. In this article, we’ll explore their wealth and how they’ve managed to maintain their success.
The Early Years
Gianni Versace was born in Reggio Calabria, Italy in 1946. He showed a passion for fashion from a young age and began working in the industry as a designer’s apprentice at the age of 17. In 1978, he founded his own fashion brand which quickly became popular with celebrities and high-end clients.
The Rise of the Brand
The Versace brand continued to grow throughout the 1980s and 1990s with Gianni at the helm. He was known for his bold designs that often incorporated bright colors and intricate patterns. His designs were worn by some of the biggest names in entertainment including Princess Diana, Elton John, and Madonna.
Gianni’s Death
Tragically, Gianni Versace was murdered outside of his Miami Beach home in 1997. His death shook the fashion world but his siblings Donatella and Santo took over as creative director and CEO respectively to continue his legacy.
The Current State of the Brand
Under Donatella’s leadership, Versace has continued to be a successful luxury brand. In 2018, Michael Kors Holdings bought Versace for $2.12 billion which helped to increase their net worth significantly.
The Family’s Wealth
It’s difficult to determine exactly how much the Versace family is worth, but it’s safe to say they are multi-millionaires. The family’s net worth is estimated to be around $1.7 billion, with Donatella and Santo each having a net worth of around $800 million.
Conclusion
The Versace family has undoubtedly had a significant impact on the fashion industry, with their bold designs and iconic brand. Despite the tragic loss of Gianni, the family has managed to maintain their success and remain one of the wealthiest families in fashion today.
8 Related Question Answers Found
Gianni Versace was an Italian fashion designer, born on December 2, 1946, in Reggio di Calabria, Italy. He was the founder of the iconic luxury fashion house Versace. His life and work have been the subject of much interest and speculation, with many wondering about his wealth and financial status.
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