Who Owns Versace Net Worth?

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Versace is a world-renowned brand that has been a symbol of luxury and fashion for decades. The Italian fashion house was founded by Gianni Versace in 1978 and since then, it has become one of the most recognizable fashion brands in the world.

However, after the tragic murder of Gianni Versace in 1997, the ownership of the company has been in question. In this article, we will explore who currently owns Versace net worth.

Gianni Versace

Gianni Versace was the founder of the company and he was an Italian fashion designer who became famous for his extravagant and flamboyant designs. He started his career in fashion at a young age and worked with some of the biggest names in the industry before starting his own brand. Under his leadership, Versace became a global brand with a net worth of over $800 million.

The Aftermath

After Gianni’s death, there was a lot of speculation about who would take over the company. Eventually, control of the company was given to Gianni’s siblings – Santo, Donatella, and Allegra Versace.

Santo became CEO while Donatella took over as Creative Director. Allegra inherited 50% stake in the company when she turned 18.

Santo Versace

Santo is the older brother of Gianni and he has been involved with the company since its inception. He took over as CEO after Gianni’s death and has been credited with expanding the brand globally. Santo is also an Italian politician and served as a Member of Parliament from 2008 to 2013.

Donatella Versace

Donatella is perhaps one of the most recognizable faces associated with Versace net worth today. She took over as Creative Director after her brother’s death and has been responsible for designing some of the most iconic Versace pieces. Donatella is known for her bold and daring designs and has been credited with keeping the brand relevant in the 21st century.

Allegra Versace

Allegra is the daughter of Donatella and she inherited 50% stake in the company when she turned 18. She is a heiress with a net worth estimated to be around $800 million. Allegra has been involved with the company but has mostly stayed out of the public eye.

The Sale

In September 2018, Versace was sold to Michael Kors Holdings Limited for $2.12 billion. After the sale, Santo and Donatella retained their positions as CEO and Creative Director respectively while Allegra inherited a substantial amount of money from the sale.

Conclusion

Versace is now part of Capri Holdings Limited along with Michael Kors and Jimmy Choo. The brand continues to thrive under Santo and Donatella’s leadership, with new collections being released every season. With a net worth estimated to be over $1 billion, Versace remains one of the biggest names in fashion today.

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Gianni Versace, the founder of the Italian luxury fashion house Versace, was tragically murdered in 1997. Since then, the brand has gone through several changes in ownership. Today, the company is owned by Capri Holdings Limited, a global fashion luxury group that also owns Michael Kors and Jimmy Choo.

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