D’Amico now runs his own fashion design company. Versace’s will left D’Amico with a pension of 50 million lira a month for life, and the right to live in any of Versace’s homes in Italy and the United States.
Who inherited Gianni Versace’s fortune?
In his will, Versace left 50% of his fashion empire to his niece, Allegra Versace. She and her younger brother, Daniel, inherited Versace’s rare artwork collection. Allegra inherited her stake, worth approximately $500 million, when she turned 18 years old in 2004.
How much is D Amico worth?
The site Net Worth Post estimated D’Amico’s net worth to be around $19 million, though there was no additional information on how that number came to be.
How did Gianni Versace get started?
Versace went to work for his mother after completing high school. In 1972, Versace moved to Milan, where he began freelance designing for Italian labels Genny, Callaghan and Complice. Versace launched his own ready-to-wear collection for women in 1978.
How much of Versace does Donatella own?
In the aftermath of the highly publicized crime and manhunt, most of the Versace family, including Donatella, moved temporarily to a secluded private resort in the Caribbean. Her brother, Santo Versace, inherited 30% of Versace upon Gianni’s death and her daughter, Allegra Versace, inherited 50%.
How did Donatella inherit Versace?
While Donatella already had a 20% stake in the company at the time of Gianni’s death and 30% belonged to their brother Santo Versace, Gianni bequeathed his 50% stake to Donatella’s daughter and his own beloved niece, Allegra Versace.
Does Donatella own Versace?
After a lengthy leave from Gianni Versace SpA, Donatella reemerged to assume the roles of chief designer and vice president of the board. She also obtained a 20 percent stake in the company, while Allegra Versace Beck—her daughter with Paul Beck—received 50 percent.
Did Michael Kors buy Versace?
The company announced the acquisition of the Italian fashion house Versace for more than $2 billion in September, less than two years after acquiring Jimmy Choo, the shoemaker that rocketed to fame on the high heels of “Sex and the City.”
Why did Michael Kors buy Versace?
“We believe that the strength of the Michael Kors and Jimmy Choo brands, and the acquisition of Versace, position us to deliver multiple years of revenue and earnings growth.” The company said it would increase the number of Versace shops from 200 to 300, and would increase the share of revenue raised from accessories
Who is Louis Vuitton named after?
The world knows that some brands provide high quality fashion products and one such well-known brand is named after the French entrepreneur, Louis Vuitton. He was not only a businessman, but a designer as well. Before establishing this world famous company, he use to make trunks for Napoleon’s wife.