How Much Is Donatella Versace Worth?
Thanks to FX's controversial series The Assassination of Gianni Versace: American Crime Story, the Versace family has been in
In the years since the late designer's untimely death, his sister Donatella (who is played by Penelope Cruz in the show) has become the face of the brand, serving as both its chief designer and vice president. Prior to taking the helm in 1997, she was known as her brother's "muse and critic."
Gianni and Donatella Versace, circa 1996.
The 62-year-old native of Calabria, Italy led the fashion brand to new heights with a was last reported at around $1.4 billion in 2014, when Blackstone Group purchased a 20-percent stake in the company, according to the New York Times. (Versace is privately owned and thus does not release its financials.)
Donatella, who now serves as vice-president of the Versace Group and is the brand's chief designer, owned a 20 percent share of the business prior to the Blackstone investment. A representative for celebritynetworth.com estimates that her current net worth is approximately .
She launched her own fragrance, Versace Woman, in February 2001, and under Donatella's watch, Versace became more than just a clothing brand, expanding into accessories, hotels, home decor, and more.
Her brother, Santo Versace, reportedly owned 30 percent of the company before the Blackstone sale, and her daughter, 31-year-old Allegra, had the remaining 50 percent of the company stock. (She also has a son, Daniel, with her former husband, Paul Beck, whom she married in 1983 and divorced in 2000.)
*This story originally appeared on Townandcountrymag.com
*Minor edits have been made by the Townandcountry.ph editors