Donatella Versace Net Worth 2022 – Salary, Income, Husband

Donatella Versace Net Worth

Donatella Versace has an estimated net worth of $400 million. Fashion icon Donatella Versace has been the artistic director of the Versace Group since 1997. She earns most of her income from her fashion business. 

Donatella Versace grew up in a household with two major fashion influences: her mother, a dressmaker, and her older brother, Gianni Versace, a budding designer. In the late 1970s, she went to work for her brother as his muse and adviser.

Donatella Versace became the Versus line’s designer in the 1980s. She became artistic director of the Versace Group after her brother was murdered in 1997.

To calculate the net worth of Donatella Versace, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of her net worth:

Name: Donatella Versace
Net Worth: $400 Million
Monthly Salary: $1 Million
Annual Income: $30 Million
Source of Wealth: Fashion designer, Costume designer

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Early Life

Donatella Versace, who was born on May 2, 1955, in Reggio Calabria, Italy, is one of the most well-known names in fashion today. She is the late designer Gianni Versace’s younger sister.

Donatella and Gianni were taught to design by their mother, who ran a dressmaking business. “I was the family’s baby,” she later told The New Yorker. “I was completely spoiled. I was the most fashionable little girl in town.”

Versace developed her signature look as a teenager, when she dyed her hair platinum blonde and used dark eyeliner.

She was unusually close to her older brother, Gianni, who would take her out at night and make her outfits. Donatella briefly attended a university in Florence before returning to support Gianni’s clothing business.

Donatella: Gianni’s Fashion Muse

Donatella was by Gianni’s side when he launched his own fashion company in Milan in 1978. Santo, their brother, was also involved in the business.

Gianni relied on Donatella for design advice, and she was instrumental in organizing many Versace fashion shows and advertising campaigns. Through her friendships with Madonna and Elizabeth Hurley, she helped bring some rock ‘n’ roll spirit and celebrity cache to the line.

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Taking Over Versus Line

Versace was also the company’s Versus line’s chief designer. She learned even more about the business when she took on a larger role while Gianni was battling cancer in the mid-1990s.

Gianni’s illness prompted the Versace siblings to devise a business succession plan. Gianni defeated cancer, but he died tragically in 1997 when he was shot outside his home in Miami, Florida. Andrew Cunanan, the murderer, had gone on a cross-country killing spree before fatally shooting Versace and committing suicide.

Artistic Director of Versace Empire

Donatella was devastated by her brother’s death, but determined to continue his legacy. A few days after Gianni’s death, Donatella was appointed Versace’s artistic director.

By then, however, she had already taken a leading role in the company. “In the last two years of Gianni’s life,” Donatella explained to New York Magazine, “I went to his apartment, showed him the work, got his approval, but I ran the company because he stopped showing himself. It was about a year and a half that I did everything.”

Since then, Donatella has led the company’s design vision and helped revitalize its product lines over the years. In 2009, she brought Christopher Kane in to design for Versus and reinvent the brand.

After his departure, Versace collaborated with other emerging designers and also revamped the company’s Atelier Versace haute couture line. Today, Versace sells a variety of product lines, from housewares and perfume to clothing and furniture, and operates two hotels.

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Versace’s Husband & Family

Versace married Paul Beck, a former model, in 1986. Before divorcing, the couple had two children: Allegra (born in 1986) and Daniel (born in 1989). Their son was named after a song by a close family friend, Elton John.

Versace, known for her wild partying lifestyle, struggled with drug addiction after her brother died. “I couldn’t take the pain any longer,” she told Vogue. “I had to keep my emotions hidden. What better way to conceal your emotions than with drugs?” Versace sought treatment in 2004 after struggling with cocaine addiction for many years.

Allegra Versace

Donatella’s daughter Allegra received 50% of the company as part of Gianni’s will. Allegra inherited her claim, worth an estimated $500 million, when she turned 18 in 2004. She is currently a company director as well as a theatrical dressmaker in New York City.

Donatella Versace in Pop Culture

Versace, a fashion icon, was parodied on Saturday Night Live in a series of sketches portrayed by actress/comedian Maya Rudolph.

Versace appeared to have a sense of humour about herself, even calling Rudolph for advice. Gina Gershon portrayed Versace in the Lifetime television film House of Versace in 2013.

Ryan Murphy’s The Assassination of Gianni Versace: American Crime Story premiered in January 2018 and starred Oscar winner Penelope Cruz as Versace. The second installment of the anthology series focused on her brother Gianni’s death.

Further Reading

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