Giorgio Armani Net Worth
Giorgio Armani Net Worth: Giorgio Armani is an Italian fashion designer who has a net worth of $9.6 billion dollars. Born July 11, 1934 in Piacenza, Italy, Giorgio Armani is best known for his popular men's suits. His popularity reached new heights in the '80s when his men's 'power suits' began appearing frequently on the actors in the series Miami Vice and again in the 1980 film American Gigolo. Armani first launched his business empire in the mid-1970s, and it grew substantially. Armani's family was from humble beginnings, experiencing the hardships of World War II firsthand. At an early age, Armani developed an interest in anatomy, "…making dolls out of mud with a coffee bean hidden inside," Armani told the Guardian newspaper. His fascination with the human form led to two years of medical study at the University of Piacenza. After completing his military service he quit the university and went to work at La Rinascente, a famous Milan department store. He then joined the staff of Nino Cerruti as a designer. With the encouragement of his friend Sergio Galeotti, Armani started doing freelance design work for other companies as well. Armani and Galeotti became business partners, founding Giorgio Armani S.p.A. in July 1975 and they launched a line of women's and men's clothing. The clothes were revolutionary at the time, introducing a more natural fit and using a subtle color palette. Armani didn't make a big splash in America until 1980 when his clothes were showcased on major television shows. It wasn't long before many top Hollywood stars were wearing Armani on the red carpet, including Michelle Pfeiffer, Jodie Foster and John Travolta. Armani expanded his operations further, opening his first restaurant in 1989. By the end of the '90s, Armani had over 2,000 stores worldwide and annual sales of roughly $2 billion. His company expanded into the home goods market as well as book publishing. In 2005, Armani debuted his first haute couture line. Hotels were next. In 2010, he opened his first hotel in Dubai, and another one is expected to open in Milan.