Gianni Versace Net Worth 2020, Biography, Early Life, Education, Career and Achievement
Gianni Versace Net Worth – Versace was founded by Gianni Versace in 1978. Known best for its innovative designs and flashy, colorful prints, Versace constantly produces high-quality fashion and clothing.
Early Life and Career
Fashion designer Gianni Versace was born on December 2, 1946, in Reggio di Calabria, Italy.
He was raised in the world of design, learning his trade at the hands of a mother who ran her own dressmaking business. 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. The business was always a family affair, with his brother Santo and sister Donatella working for him.
Gianni Versace was born in December of 1946 in Reggio Calabria, Italy. He enjoyed a fairly quiet upbringing, although most of Italy was still rebuilding following the complete destruction and decimation of World War 2.
As a child, Gianni Versace was fascinated with Greek culture, which would eventually manifest in his creation of the Versace brand. He was also influenced by popular artists at the time, the most critical of which was Andy Warhol.
Gianni Versace began his sewing apprenticeship at his mother’s sewing business, although he would follow an education path to become an architect.
However, in 2016, he moved to Milan to follow his mother’s footsteps in fashion design. In 1973, he was the head designer of Byblos, which was an Italian footwear company. He found great success and even presented a signature collection at the Milan Art Museum.
Versace opened his first boutique in Milan, which is still thriving and serves as an important tourist stop today.
The designs utilized bold prints, vivid colors, and drastic cuts which were all a stark contrast for muted colors and more conservative simplicity.
Versace and Giorgio Armani soon took to a heated rivalry, with the phrase going “Armani dressed the wife, Versace dresses the mistress.”
From there, Versace took off and found great success until it became deeply ingrained in popular culture and synonymous with anything meaning “high-end fashion.”
Gianni Versace was killed on July 15, 1997, just outside of his Miami Beach home. He was murdered by Andrew Cunanan, who eventually committed suicide a few days later.
Versace left half of his fashion empire to his niece, which was worth approximately $500 million when she turned 18 in 2004.
Gianni Versace Net Worth\Achievement
As of 2017, the brand and company have been valued at $1.7 billion. At the time of his death, Versace had a 50 percent stake in his company, which would’ve given him a personal net worth of about $800 million today.
Versace’s illustrious career was decorated with numerous awards, including four L’Occhio d’Or’s and an American Fashion Oscar in 1993.
Some of his most imaginative creations could be found in theaters; the designer was often applauded for his costume designs for such ballets as Richard Strauss’ Josephlegende in 1982, Gustav Mahler’s Lieb und Leid in 1983 and Bejart’s Chaka Zulu in 1989.
In 1987, Versace was awarded the Maschera D’Argento prize for his contributions to the theater. He also created stage costumes for such pop performers as Elton John, Madonna, and Tina Turner.
Versace was only 50 years old when he was murdered outside his South Beach home in Miami, Florida, on July 15, 1997.
The beloved fashion designer was gunned down by 27-year-old spree killer Andrew Cunanan, who was found dead in a Miami Beach boathouse eight days later.
Versace was survived by his longtime partner Antonio D’Amico. The couple even worked together, with D’Amico designing for the Versace Sport line.