Gianni Versace was an Italian fashion designer who founded the eponymous fashion house, Versace. He was a prominent figure in the fashion industry during the 1980s and 1990s, known for his bold and flamboyant designs that embodied luxury and glamour.
Unfortunately, Versace’s life was cut short by a tragic event that shocked the world. In this article, we will explore what Gianni Versace was worth when he died.
The Life of Gianni Versace
Born on December 2, 1946, in Reggio Calabria, Italy, Gianni Versace grew up in a family of modest means. He showed an early interest in fashion and design and started working as an apprentice at his mother’s dressmaking business when he was just 18 years old.
Versace moved to Milan in the early 1970s to pursue his career in fashion. He worked as a freelance designer for several brands before founding his own company, Gianni Versace S.p.A., in 1978. The brand quickly gained popularity and became known for its bold prints, bright colors, and opulent fabrics.
Over the next two decades, Versace expanded his business to include lines of clothing, accessories, fragrances, and home furnishings. His designs were worn by celebrities such as Princess Diana, Madonna, Elton John, and Naomi Campbell.
The Death of Gianni Versace
On July 15th, 1997 Gianni Versace was tragically shot dead outside his Miami Beach mansion by Andrew Cunanan – a serial killer who had been on the run from police for several months. The news of his death shocked the world and prompted an outpouring of grief from fans and colleagues alike.
What Was Gianni Versace Worth When He Died?
At the time of his death, Gianni Versace’s personal fortune was estimated to be around $1.4 billion. He owned several properties around the world, including a lavish apartment in Milan and a villa in Miami Beach, both of which were valued at over $30 million each.
Versace’s fashion empire was also worth a considerable amount. In 1997, the year he died, Gianni Versace S. reported revenues of $807 million and had over 2,000 employees worldwide. The company continued to thrive after his death under the leadership of his siblings Santo and Donatella Versace.
In Conclusion
Gianni Versace was a fashion icon whose designs continue to inspire and influence designers around the world. His untimely death was a tragic loss for the industry and those who knew him personally. At the time of his passing, he had amassed a vast fortune that reflected his hard work and dedication to his craft.