Donatella Versace Net Worth
Donatella Versace net worth and salary: Donatella Versace is an Italian fashion designer who has a net worth of $400 million. Donatella Versace was born May 2, 1955 in Reggio di Calabria, Italy. Donatella Versace is the younger sister of slain famed designer Gianni Versace. Gianni cemented their name in the world of fashion as the founder of Gianni Versace S.p.A. in 1978. Even though, she initially wanted to work for her brother in the PR department, it turned out she was more valuable to Gianni as a "muse and critic." As such, Donatella was closely involved with all happenings at her brother's enterprises and she eventually plunged into the fashion world herself. A decade after the launch of the company, Gianni dedicated a perfume, Blonde, to Donatella. He also gave Donatella herown label, Versus. Donatella currently serves as Vice-President of the Versace Group, as well as chief designer, roles that she acquired after Gianni's untimely death in 1997. Upon her brother's death, she inherited a 20% stake in the company. Her daughter Allegra was given a 50% stake which she inherited upon her 18th birthday. Gianni and Donatella's brother Santo was given a 30% stake. Over the years Donatella has kept the Versace name and empire at the fore-front of fashion industry. Donatella also manages a chain of five star hotel and jewelry collection. Furthermore, she tried her hands in car design too. In 2005 she custom designed a MINI Cooper Cabrio in bright yellow and black color with trademark Versace logo on the seats for the Life Ball. In her off-fashion life, she is the wife of American model Paul Beck and a mother of two children (Allegra and Daniel). In 2014, the private equity firm Blackstone acquired a 20% stake in Versace at a valuation of $1.4 billion. On September 25, 2018, Michael Kors Holdings announced it had struck a deal to acquire Versace for $2.2 billion.