Donatella Versace: The Millionaire or Billionaire?
If you’re familiar with the fashion industry, then you must have heard of the iconic brand Versace. The Italian luxury fashion label was founded by Gianni Versace in 1978 and has since become a household name. However, after Gianni’s untimely death in 1997, his sister Donatella took over as the creative director of the company.
Since then, she has been instrumental in taking the brand to new heights. But the question that lingers on everyone’s mind is whether Donatella Versace is a millionaire or billionaire? Let’s find out.
Donatella Versace’s Net Worth
According to Forbes’ list of billionaires, Donatella Versace has a net worth of $1.7 billion as of 2021. This makes her one of the richest women in Italy and the world.
But how did she amass such wealth? Well, for starters, she inherited a significant chunk of Gianni’s fortune after his death. However, that’s not all; she has also been responsible for expanding the brand and making it more accessible to a wider audience.
Versace Today
Under Donatella’s leadership, Versace has undergone significant changes. She has managed to keep the brand relevant while staying true to its roots. In recent years, Versace has collaborated with several brands to create new collections and expand its reach.
In 2018, Michael Kors Holdings Limited acquired Versace for $2.12 billion. This acquisition helped increase Donatella’s net worth significantly.
Donatella Versace’s Philanthropy
Apart from being a fashion icon and successful businesswoman, Donatella is also known for her philanthropic work. She supports various causes such as AIDS research and children’s charities through donations made by the company.
Conclusion
To sum it up, Donatella Versace is indeed a billionaire. She has worked hard to expand the brand and make it more accessible while staying true to its roots. Her success has made her one of the richest women in Italy and the world.
9 Related Question Answers Found
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