Patrizia Reggiani Net Worth
Patrizia Reggiani has an estimated net worth of $10 million. Patrizia Reggiani is an Italian convicted criminal and former socialite. In a highly publicized trial, she was found guilty of hiring a hitman to kill her ex-husband, Maurizio Gucci. The majority of her wealth was attributed to her divorce settlement with her former husband who agreed to pay Patrizia annual alimony of $1.47 million.
Reggiani was found guilty of arranging her husband’s murder in 1995. She was said to be jealous of a younger woman he planned to marry and enraged at his handling of the $170 million he received after selling the family business to a Bahrain-based investment group, Investcorp, in 1993.
Reggiani, on the other hand, was recently released from custody. A court has ruled that as an heir to the Gucci fashion empire, she is entitled to £900,000 per year from his estate.
To calculate the net worth of Patrizia Reggiani, 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:
|Net Worth:||$10 Million|
|Monthly Income:||$50 Thousand|
|Annual Salary:||$1 Million|
|Source of Wealth:||Inheritance|
Patrizia Martinelli was born in the northern Italian town of Vignola, in the province of Modena. She was raised in poverty and never met her biological father. Patrizia’s mother Silvana was a waitress. But she later married wealthy entrepreneur Ferdinando Reggiani, who later adopted Patrizia, when she was 12 years old.
Marriage to Maurizio Gucci
Patrizia met Maurizio Gucci, heir to the Gucci fashion house, at a party in 1970 when she was about 22 years old. The couple married on October 28, 1972, and moved to New York City. But they eventually fell in love and married in 1972, when they were both 24. They lived lavishly together. “We were a beautiful couple and we had a beautiful life, of course,” she told The Guardian, adding that they had a Manhattan luxury penthouse and a chauffeured car with the license plate “Mauizia” — their couple name combining Maurizio and Patrizia — and socialized with Jacqueline Kennedy Onassis.
They soon had two daughters, Alessandra and Allegra, as well as a ski chalet in Saint Moritz, a vacation home in Acapulco, and a farm in Connecticut. Reggiani relished the high life, telling The New York Times, “I would rather weep in a Rolls-Royce than be happy on a bicycle.”
But the idyllic life was cut short when Maurizio’s father, Roldofo Gucci, died in 1983, leaving his only child with a 50% stake in the Gucci fortune. Reggiani told The Guardian at the time, “Maurizio went insane. Until then, I was his go-to guy for everything Gucci. But he wanted to be the best, so he stopped paying attention to me.”
The impossibly successful fashion brand was “losing prestige from over-licensing its famed double-G logo and from mass production of canvas bags.” Maurizio was working hard to restore the brand’s good reputation while battling his uncle and cousins who owned the other half. He eventually bought them out.
But things were getting worse at home. And, in a shocking move, Maurizio packed his belongings one night and left, never to return.
Reggiani had been dissatisfied with the way he handled business decisions, and her suspicions were confirmed when he was forced to sell his entire stake in the company for $120 million in 1993. Maurizio had reconnected with an old friend from the European party circuit, Paola Franchi, at some point, and both of them were in troubled marriages. “We fell in love right away,” Franchi told The Guardian through tears. “Maurizio always said that we were two halves of the same apple.”
There was clearly a lot to get Reggiani going. “I was angry with Maurizio about a lot of things at the time,” she explained. “But most importantly, this. The family business has failed. It was a blunder. It was a flop. I was enraged, but there was nothing I could do. He had no right to do that to me.”
Murder of Her Former Husband
According to Giuseppe Onorato, the doorman for the building at Via Palestro 20, where Maurizio’s office was located, the fateful day of the crime began with a “lovely spring morning.” When Maurizio arrived with a few magazines, Onorato was sweeping leaves.
“Then I noticed a hand,” Onorato explained to The Guardian. “There was a beautiful, clean hand pointing a gun.”
Three shots were fired at Maurizio’s back, and a fourth was fired at his head. When the shooter saw Onorato, he fired twice more, striking the doorman in the arm.
Nonetheless, Onorato made it to Maurizio. “I was cradling Mr. Gucci’s head,” he explained further. “He passed away in my arms.”
It would appear that a close-range, point-blank murder would be an easy case to solve. However, the Gucci family was embroiled in so much drama over the empire’s fortune that cops suspected the murderer could be one of Maurizio’s blood relatives or someone connected to his casino.
An anonymous tip led to Ivano Savioni, a hotel porter, who had been contacted by Reggiani’s personal psychic Guiseppina Auriemma to assist her in hiring hitman Benedetto Ceraulo and getaway car driver Orazio Cicala nearly two years later in 1997. Reggiani was also charged as a co-conspirator, earning her the moniker Vedova Nera, which translates to “Black Widow.”
There was a lot of evidence against Reggiani. She had expressed her desire for Maurizio’s death to friends and reporters. Despite this, she maintained her innocence throughout the trial, with her lawyers telling the court that the “threats were the ramblings of a mentally disturbed woman,” according to The New York Times. However, a psychiatric panel determined that she was “mentally competent” at the time of the trial.
Instead, she tried to point the finger at her medium, claiming that Auriemma was behind everything and trying to blackmail Reggiani. “Never let a friendly fox into the henhouse,” Reggiani told the jury about Auriemma. “Sooner or later he might get hungry.” Yet she contradicted herself during cross-examination at trial when Reggiani said she paid Auriemma $365,000, commenting, “It was worth every penny.”
Reggiani and Cicala were sentenced to 29 years in prison, Savioni to 26 years, Auriemma to 25 years, and the gunman, Ceraulo, to life in prison.
Heir To Her Husband’s Estate
She was finally released from prison in 2016, after serving 18 years of the sentence, with some time off for good behavior.
An appeals court in Milan has ruled that the 67-year-old is entitled to a large annual salary despite being ordered to kill her husband, based on an agreement Mr. Gucci signed in 1993, two years before his murder. She is also entitled to back pay for her time behind bars, which would amount to more than 16 million pounds.
An Italian court has ruled that Patrizia Reggiani is entitled to a large annual salary from her ex-husband’s estate, even though she ordered his murder by a hitman.
The money is to come from her ex-husband’s estate, which is now administered by daughters Allegra and Alessandra Gucci, the court ruled. Under the terms of the agreement signed in St. Moritz, Switzerland, Mr. Gucci, the grandson of Guccio Gucci, the brand’s founder, agreed to pay his ex-wife an annual allowance of 1.1 million Swiss francs for the rest of her life.
The couple divorced in 1985.
The money will allow the celebrity to resume her extravagant lifestyle. Her extravagant preferences included spending 10,000 euros a month on orchids, and she once said, “I would rather cry in a Rolls-Royce than be happy on a bicycle.”
In its ruling, the appeals court wrote: “The crime committed by Patrizia Reggiani has nothing to do with the agreement with Maurizio Gucci. It is irrelevant. Any other opinion belongs to the moral sphere and not to the purely legal sphere. It cannot have any influence on the interpretation of the agreement”.
“The judgement of the Court of Appeals is clear,” said her counsel, Franco Ceccon. “The settlement for Ms. Reggiani was established in the agreement signed in Switzerland. It was concluded before the murder and has not lapsed despite the murder.”
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