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Fortune of Donatella Versace
Donatella Versace net worth – Donatella Versace, an Italian fashion designer, is said to be worth $400 million. Besides being a fashion designer, Donatella is also senior artistic director of Versace, a subsidiary of Capri Holdings. She is the sister of murdered Gianni Versace, who founded Versace. Donatella had originally planned to work with her brother in public relations, but Gianni saw her as a much bigger asset. She eventually became his muse and critic, which helped prepare her for a bigger role.
As a child, she grew up in Reggio di Calabria with her grandmother, Donatella Versace, born May 2, 1955. A key decision that ultimately helped her in fashion was the decision to explore knitwear design with her brother. She has also made appearances in a number of films, including Zoolander and The Devil Wears Prada. To further increase her wealth, she has a thriving jewelry business and manages a hotel network.
ShareFacebookTwitterTelegramDonatella Versace net worth: Donatella Versace is an Italian fashion designer who has a net worth of $400 million. Donatella is the younger sister of legendary designer Gianni Versace, who took over the management of his company Versace after his brutal assassination in 1997. She served as CEO, creative director and artistic director of Versace and played a key role in the sale company to Michael Kors for $2.12 billion in 2018.
Donatella Versace net worth: €350m (estimated)
Versace designed the Palazzo Versace Australia complex and helped build the Palazzo Versace Dubai. In 2005 she designed a MINI Cooper Convertible to benefit the Life Ball charity event. After Gianni was murdered by a psychotic admirer in 1997, Donatella’s daughter Allegra received a 50% stake in the company of Versace design. Donatella inherited 20% of the company and her uncle Santo 30%. As Allegra was only eleven years old at the time of her uncle’s sad murder, Donatella and Santo took over.
Donatella Francesca Versace, the future Donatella Versace, was born on May 2, 1955 in Reggio di Calabria, Italy. She grew up with her mother Francesca, her father Antonio and her three older siblings Gianni, Santo and Tina; Unfortunately, Tina died of tetanus when she was only 12 years old. Francesca coached Donatella and Gianni in fashion design, and with Gianni’s encouragement, Versace began dyeing her hair blonde at age 11. Donatella enrolled at the University of Florence in 1973, where she studied foreign languages and aspired to become a teacher. During her studies, she often traveled to Milan to help Gianni in his clothing store.
Career: Versace originally intended to work in the public relations department of Gianni’s company, but he liked her as a critic and muse, and when he founded Versace in 1978 he named Donatella vice – president of the company. Donatella helped organize fashion presentations and Versace advertising campaigns, and Gianni granted her a fashion company, Versus, in the 1980s and produced a perfume in her honor, Blonde. When Gianni was diagnosed with cancer in the mid-1990s, Donatella became more involved with the brand, and after his assassination in 1997, Donatella became Versace’s chief designer. Several celebrities have participated in Donatella’s Versace marketing campaigns, including Madonna, Demi Moore, Courtney Love and Nicki Minaj.
Fortune of Donatella Versace
Donatella’s most famous creation is the low-cut chiffon dress worn by Jennifer Lopez at the 2000 Grammy Awards; Within 24 hours of the event, photos of the garment on the Grammy’s website were downloaded more than 640,000 times. Later that same year, South Park designer Trey Parker wore a copy of the iconic dress at the Oscars. In contemporary culture, Donatella has been played by Maya Rudolph, Gina Gershon and Penelope Cruz, and Lady Gaga created a song for her, Donatella, which debuted on her 2013 album Artpop. In 2016, Donatella published the book “Versace” in which she describes her career and the legacy of the organization.
Versace Acquisitions: In 2014, Versace sold a 20% stake in the company to private equity firm Blackstone. Versace was valued at $1.4 billion based on the investment. Donatella’s involvement was estimated at $280 million, while Allegra’s was estimated at $700 million. Versace was acquired by Michael Kors Holdings on September 25, 2018 for $2.2 billion.
The couple, who married in 1983 and had children named Allegra Versace in 1986 and Daniel Beck in 1989, divorced five years later in 2000. Following their divorce in 2005, Versace married Manuel Dallori. In July 1997, Andrew Cunanan murdered beloved family member Gianni, leaving Donatella heartbroken. Her brother’s death left her with a drug addiction, which she battled until entering rehab in 2004. Glamor magazine named Versace Woman of the Year in 2010 and Fashion Designer of the Year in 2012 and 2016. FGI Superstar Award 2008 and British Fashion Council Fashion Icon of the Year Award in 2017 are two of the awards she has received.
At the 2018 “GQ” Men of the Year Awards in the UK and China, Donatella was voted “Designer of the Year” in both countries, and she also received the Fashion Icon Award in Berlin. She also received the 2018 International Award from the Council of Fashion Designers of America and a 2018 Sustainability Award from the Green Carpet Fashion Awards.
Fashion designer Donatella Versace is worth $400 million. Gianni Versace’s younger sister Donatella acquired ownership of Versace after his tragic assassination in 1997. Versace was sold to Michael Kors for $2.12 billion in 2018 because she was CEO, creative director and artistic director of the company.
Her fashion career began in her mother Francesca Versace’s studio in her hometown. Among the studio’s regular clients are the wives and girlfriends of prominent Calabrian businessmen and government officials, to name a few. As a child, Gianni enjoyed helping his mother sew clothes and buy accessories.
Fortune of Donatella Versace