Donatella Versace Net Worth: How She Became Successful as an Italian Fashion Designer?

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Donatella Versace Net Worth

Donatella Versace Net Worth: Donatella Versace, full name Donatella Francesca Versace, (born May 2, 1955, Reggio Calabria, Italy), was an Italian fashion designer who served as vice president and artistic director of Gianni Versace SpA and whose commercial and aesthetic efforts bolstered the company’s sophisticated high-end image.

Versace improved the company’s image as artistic director and vice president by using her public relations abilities and bold design direction. Following her brother’s death, she considerably increased the company’s global visibility and improved its reputation.

Versace’s advertising efforts surged in Europe and the United States as Madonna, Jennifer Lopez, Lady Gaga, Beyoncé, and other celebrities lent their faces to the Versace brand. Versace also collaborated on designs with celebrities. People like Sir Elton John, Kate Moss, and Prince Charles have all attended her events as a result of her relationships.

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Donatella Versace Early Life

Donatella Versace Net Worth

Donatella Versace was born Donatella Francesca Versace in Reggio di Calabria, Italy, on May 2, 1955. She grew up with her mother Francesca (a dressmaker), father Antonio (a salesman), and three elder siblings, Gianni, Santo, and Tina; Tina died from a tetanus infection when she was just 12 years old.

Donatella and Gianni learned about fashion design from Francesca, and Versace began coloring her hair blonde at Gianni’s request when she was 11 years old. Donatella began studying foreign languages at the University of Florence in 1973, with the intention of becoming a teacher. She frequently traveled to Milan throughout her academic years to assist Gianni with his clothing business.

Donatella Versace Personal Life

Donatella married American model Paul Beck in 1983 and had two children, Allegra Versace in 1986 and Daniel Versace in 1989, before divorcing in 2000. Versace married Manuel Dallori in 2004, but the couple divorced the following year.

Donatella was close to Gianni and was heartbroken when he was murdered in July 1997 by Andrew Cunanan. After the death of her beloved brother, she struggled with drug addiction and entered rehab in 2004.

Donatella Versace Career

Donatella Versace Net Worth

Versace had intended to work in Gianni’s company’s public relations department, but he saw her as a critic and muse, and when he launched Versace in 1978, he made Donatella Vice President.

Donatella was in charge of planning Versace’s fashion presentations and advertising campaigns, and Gianni granted her a fashion label, Versus, and a perfume, Blonde, in her honor in the 1980s.

When Gianni was diagnosed with cancer in the mid-1990s, Donatella became more active in the company, and after his death in 1997, she became Versace’s head of design. Madonna, Demi Moore, Courtney Love, and Nicki Minaj are among the celebrities who have appeared in Donatella Versace’s advertising campaigns.

The Victoria and Albert Museum in London held a special exhibit named “Versace at the V&A” from October 2002 to January 2003 that featured Gianni and Donatella’s most well-known designs.

Donatella’s most famous design is the low-cut silk chiffon gown Jennifer Lopez wore to the 2000 Grammy Awards; photos of the gown had been downloaded more than 640,000 times on the Grammy website within 24 hours of the event.

Trey Parker, the creator of “South Park,” wore a replica of the iconic gown at the Academy Awards later that year. Maya Rudolph (“Saturday Night Live”), Gina Gershon (“House of Versace”), and Penelope Cruz (“American Crime Story: The Assassination of Gianni Versace”) have all played Donatella in pop culture, and Lady Gaga penned a song for her, “Donatella,” which features on her 2013 album “Artpop.”

Donatella published the book “Versace” in 2016, which details her career as well as the company’s history.

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Donatella Versace Awards and Achievements

Donatella Versace Net Worth

“Glamour” magazine honored Versace Fashion Designer of the Year in 2012 and 2016, as well as Woman of the Year in 2010. In 2008, she got the FGI Superstar Award, and in 2017, she was named Fashion Icon of the Year by the British Fashion Council.

In 2018, Donatella became the first woman to receive the Designer of the Year title at the “GQ” Men of the Year Awards in both the United Kingdom and China, as well as the Fashion Icon award at the “GQ” Awards in Berlin.

In 2018, she received the International Award from the Council of Fashion Designers of America, as well as the CNMI in Recognition for Sustainability Award from the Green Carpet Fashion Awards.

Donatella Versace’s Net Worth

Donatella Versace is an Italian fashion designer with a $400 million fortune. Donatella Versace is the younger sister of the late fashion designer Gianni Versace, and she inherited his company, Versace, after his sad death in 1997. She was the CEO, chief creative officer, and artistic director of Versace, and she was pivotal in the company’s $2.12 billion sales to Michael Kors in 2018.

Versace designed the Palazzo Versace Australia resort and was also involved in the design of the Palazzo Versace Dubai, as well as a MINI Cooper Cabrio for the Life Ball charity event in 2005.

Donatella‘s daughter Allegra gained a 50% ownership position in the Versace design firm after Gianni was murdered by a psychotic fan in 1997. Donatella received 20% of the company, while her uncle Santo (Gianni’s brother) received 30%. Donatella and Santo assumed charge when Allegra was just eleven years old at the time of her uncle’s awful murder.

Versace sold a 20% ownership in the company to private equity firm Blackstone in 2014. Versace was valued at $1.4 billion after the investment. Allegra’s 50 percent ownership was valued at roughly $700 million, while Donatella’s was valued at $280 million. Michael Kors Holdings announced on September 25, 2018, that it had reached an agreement to buy Versace for $2.2 billion.

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Conclusion

Donatella Francesca Versace is an Italian fashion designer, businesswoman, socialite, and model. She is the younger sister of Gianni Versace, the founder of the Versace luxury fashion house, which she inherited a piece of after her brother died in 1997. In 2018, she sold the company to Capri Holdings (Michael Kors), but she remained the company’s chief creative officer.

Donatella Versace is an Italian fashion designer with a $400 million fortune. She is Gianni Versace’s daughter. She was the former CEO, chief creative officer, and artistic director of Versace, and she was instrumental in the company’s $2.12 billion sales to Michael Kors in 2018. She also held the positions of chairman and CEO of the corporation.

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