Gianni Versace Net Worth
Gianni Versace had an estimated net worth of $1 billion at death. A designer to celebrities and royalty such as Princess Diana, Gianni Versace brought vitality and art to an industry considered out of touch with street culture. He earned most of his income from his fashion business.
Gianni Versace was a top fashion designer in the 1980s and 1990s. In 1978, he launched his first clothing line in Milan, Italy. Versace debuted his first couture collection in 1989.
He expanded his fashion empire to include home furnishings and perfumes. Versace designed for celebrities such as Madonna, Princess Diana, Elton John, and Tina Turner throughout his career. In 1997, he was shot and killed outside his home in South Beach, Florida.
To calculate the net worth of Gianni Versace, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he 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 his net worth:
|Net Worth:||$1 Billion|
|Monthly Salary:||$1 Million|
|Annual Income:||$50 Million|
|Source of Wealth:||Fashion designer, Designer, Costume designer, Actor, Production Designer|
Early Life and Career
Versace was born in Reggio di Calabria, Italy, on December 2, 1946. He was raised in the design world, learning his trade from his mother, who ran her own dressmaking business. After graduating from high school, Versace went to work for his mother.
Versace relocated to Milan in 1972 and began freelance designing for Italian labels Genny, Callaghan, and Complice. Versace debuted his own women’s ready-to-wear collection in 1978. His brother Santo and sister Donatella had always worked for him in the business.
The Versace Style
Versace became well-known for his glamorous looks, creating a line of siren gowns that became his trademark. He frequently fused leather and rubber using innovative materials such as aluminum mesh or cutting-edge techniques such as “neo-couture” laser technology.
Medusa’s head was also a recurring image on many of his clothing and accessories. In 1989, he debuted his first couture collection, and by the 1990s, he had expanded his business to include two clothing lines, Versus and Instante.
Elizabeth Hurley Versace Dress
One of his most famous designs was a black dress held together at the sides by gold safety pins, which was worn by Elizabeth Hurley at a movie premiere in 1994, and which helped launch her career. Versace formed close friendships with a number of celebrities and supermodels, including Elton John, Madonna, and Naomi Campbell.
Versace, according to Anna Wintour, “was the first to recognize the value of celebrity in the front row, and the value of the supermodel, and put fashion on an international media platform.” He was also a leading designer who demonstrated the power of combining the worlds of fashion and music.
Versace’s illustrious career was peppered with honors, including four L’Occhio d’Oros and an American Fashion Oscar in 1993. Some of his most imaginative works were found in theaters; the designer was frequently praised for his costume designs for ballets such as Richard Strauss’ Josephlegende in 1982, Gustav Mahler’s Lieb und Leid in 1983, and Bejart’s Chaka Zulu in 1989.
Versace received the Maschera D’Argento award for his contributions to theater in 1987. He also designed stage costumes for pop stars such as John, Madonna, and Turner.
Expanding the Versace Empire
Versace’s designs have been displayed in a number of museums, including the National Field Museum in Chicago, the Royal College of Art in London, the Kobe City Museum in Japan, and the Kunstgewerbemuseum in Germany. Aside from clothing, the designer expanded his brand in other areas.
In 1991, he debuted his classic Signature fragrance line, and in 1993, he debuted his furniture and home goods line. Versace also wrote books such as Rock and Royalty, The Art of Being You, and Men Without Ties.
Personal Life & Boyfriend
Gianni Versace was openly gay. In 1982, he began a relationship with his longtime partner and model Antonio D’Amico, which lasted until his death in 1997. He also loved his nieces and nephews and enjoyed spending time with them.
Versace was only 50 years old when he was murdered on July 15, 1997, outside his South Beach home in Miami, Florida. Andrew Cunanan, a 27-year-old spree killer who was found dead in a Miami Beach boathouse eight days later, gunned down the beloved fashion designer.
Versace was survived by his longtime partner Antonio D’Amico. The couple even worked together, with D’Amico designing for the Versace Sport line.
Several memorial services for Versace were held, including one at New York’s Metropolitan Museum of Art. A who’s who of the fashion world gathered to bid farewell to Versace, from Anna Wintour and Ralph Lauren to Calvin Klein and Marc Jacobs. Among the performers at the memorial were Whitney Houston, Jon Bon Jovi, and John.
Versace, who designed for celebrities and royalty such as Princess Diana, is remembered for bringing vitality and art to an industry that was thought to be disconnected from street culture.
He amassed a $807 million fortune in less than ten years. After his death, his sister took over the creative reins of the company as head of design, while his brother Santo became CEO.
Gianni Versace Quotes
That is the key of this collection, being yourself. Don’t be into trends. Don’t make fashion own you, but you decide what you are, what you want to express by the way you dress and the way to live.
It is nice to have valid competition; it pushes you to do better.
Designing came to me. I didn’t have to move.
I think it’s the responsibility of a designer to try to break rules and barriers.
I have a fantastic relationship with money. I use it to buy my freedom.
I try to contrast; life today is full of contrast… We have to change.
I like the body. I like to design everything to do with the body.
Even Michelangelo got paid for doing the Sistine Chapel. To those artists who say they’re doing it for the love of art, I say: Get real.
I want to be the joy to people through my work.
I don’t license everywhere. I take care of my name.
I am a typical Italian; I love the clan. But I don’t think about getting married.
Fashion needs incredible women, alive, stimulating, with style like Diana Vreeland. She is the most. The way she talks expresses all her values.
At the beginning of my career, it was very hard to go up. Now, it’s very hard to stay on top. You have to stay there, and I want to stay there so badly. I’m still standing.
The environment was so strong, so dramatic. Tragedy is all over Calabria; it’s in the air. All this corresponds to my temperament.
Comfort is very important to me. I think people live better in big houses and in big clothes.
Women are more sure of themselves today. They don’t have to emulate the way men dress.
View our larger collection of the best Gianni Versace quotes.
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