Allegra Versace Net Worth

How much is Allegra Versace Worth?

in Richest BusinessDesigners
Allegra Versace Net Worth:
$900 Million

Allegra Versace Net Worth: Allegra Versace is an Italian fashion heiress who has a net worth of $900 million. Allegra Versace was born June 30, 1986 in Milan, Italy. She is the niece of legendary fashion designer Gianni Versace. Her mother is Donatella Versace (Gianni's sister) and her father is a former fashion model named fashion model named Paul Beck. After Gianni was murdered in 1997 by a deranged fan, Allegra inherited a 50% ownership stake in the world famous Versace fashion empire. Her mother Donatella inherited 20% of the company and her uncle Santo (Gianni's brother) inherited 30%. Allegra was eleven years old at the time of her uncle's tragic murder. When Gianna died, Allegra's net worth instantly became hundreds of millions of dollars, on paper. Just prior to his death, Gianni, Donatella and Santo had been arranging to take Versace public at a $1-2 billion valuation. There had been concerns that the brand would not survive without Gianni. Because she was only 11 years old, the company was guided for the next decade by Donatella and the uncle Santo Versace. Allegra has spent much time actively learning the ins and outs of the family businesses and is starting to take a much more authoritative role. She currently is a board member of Versace. She could have taken full control over Versace upon turning 18 in 2004, but she instead chose to stay in background. She took a larger control of the day-to-day operations when she turned 24 in 2010.

Life After Gianni's Death: Allegra spent the 15 years following her uncle's murder working as a student and aspiring actress. She attended Brown University for a period of time, ultimately transferring to UCLA where she studied art history, French and theater. Despite her position in life, Allegra has largely attempted to keep a low profile. Allegra Versace has publicly battled anorexia at times in the past, which is probably understandable considering the spotlight and world she grew up under. She sought treatment for the condition at least once and has been an outspoken candidate on the subject ever since. Today she splits her time between homes in New York, Milan, and Los Angeles.

Versace Acquisitions: In 2014, Versace sold a 20% stake in the firm to private equity firm Blackstone. The investment valued Versace at roughly $1.4 billion. Subsequently, Allegra's 50% stake was worth around $700 million. On September 25, 2018, Michael Kors Holdings announced it had struck a deal to acquire Versace for $2.2 billion. After taxes Allegra wasn't quite be a billionaire, but with dividends over the years she is very close.

Allegra Versace Net Worth

Allegra Versace

Net Worth:$900 Million
Date of Birth:1986-06-30
All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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