Donatella Versace Net Worth

How much is Donatella Versace worth?

Net Worth:$500 Million
Profession:Fashion designer
Date of Birth:2 May 1955
Country: Italy
Height:
1.65 m

About Donatella Versace

Donatella has said that she knew she was going to work in fashion; and really didn’t think of anything else. During her entire life, she was only ever interested in pursuing a profession in the fashion industry. Donatella and Santo moved to Milan to be with their brother Gianni in the year 1976. In anticipation of launching the Versace brand, the three embarked on a three-week tour of the United States in the year 1977. Their mission was to meet with members of the press and prospective customers from other countries.

Donatella Versace has an estimated net worth of $500 million dollars, as of 2023. During the Fire & Ice Ball in California, Versace put on a charity fashion show to collect money for the Revlon/UCLA Women’s Cancer Research Program. The charity received $1.8 million from the ball.

Donatella Versace was hired as vice president of the Versace brand in 1978, despite the fact that she worked closely with Gianni Versace on all projects, particularly in terms of style, developing the company’s image, and designing the brand’s accessories, shoes, and handbags.

In the year 1982, Gianni sent Donatella to an auction so that she could place the winning offer on a palace in Milan located at Via Gesù 12, which would later serve as the headquarters and showroom for the Versace fashion house.

Donatella Versace was the youngest of four children, along with her siblings Santo, Gianni, and Tina. She was born in Reggio di Calabria, Italy. Before opening her own fashion boutique, her mother, Francesca, worked as a seamstress for a fashion firm. Her father, Antonio, was involved in the operation of the family’s coal mining business. Her older sister, Tina, passed away at the age of 12 as a result of a tetanus infection that was not appropriately treated. Donatella’s brother Gianni, who was always very close to her, was the one who suggested that she dye her hair blonde when she was 11 years old.

Many people believe that Donatella served as Gianni’s creative partner as well as his muse during their time together. In 1989, Gianni presented Donatella with a yellow diamond ring to commemorate the occasion of her being entrusted with the Versus diffusion line and having the new Blonde perfume named after her. Gianni also dedicated the new Blonde perfume to Donatella. Donatella Versace took over the majority of decision-making responsibilities for the Versace brand in 1996 and early 1997 while her brother Gianni Versace was recovering from cancer that had developed in his left ear.

Donatella Versace has participated in a number of charitable causes over the years. Donatella and Gianni Versace released the book South Beach Stories in 1993 and gave the entire revenues to ANLAIDS at the time of the book’s release. The Elton John AIDS Foundation still counts her as a patron of the organization.

She has said that she does not look at the clothes with her eyes but rather looks through images, such as a picture or a movie, and she is frequently credited with establishing the Versace aesthetic. Versace has described her approach to design as being anchored in visuals. Donatella collaborated closely with renowned fashion photographer Richard Avedon during the shoot for the Spring-Summer 1980 campaign, which was Avedon’s debut for the brand. Donatella would later art direct Avedon for the Spring-Summer 1993 campaign.

Gianni was killed on July 15, 1997, in Miami, Florida, outside of the reconstructed Casa Casuarina, commonly known as the Versace Mansion. After the widely publicized crime and subsequent manhunt, most of the Versace family, including Donatella, relocated temporarily to a remote private property in the Caribbean. This was done in an effort to get some peace and quiet. After Gianni’s passing, her brother Santo Versace got thirty percent of the Versace company, and her daughter Allegra Versace received fifty percent.

Posthumously released in 1997, Gianni Versace’s book The Art of Being You includes a dedication to the late fashion designer written by his sister Donatella and brother Santow. It reads, “This book is a tribute to a great artist himself, to someone who lived with an incredible love for art, to a very special person who was always fascinated by art and artists and always supported them, our brother Gianni” Donatella and Santow had written the dedication after Gianni’s death.

In 1998, Versace hosted a benefit fashion show in support of the Nelson Mandela Children’s Fund. The presentation, which featured appearances by supermodel Naomi Campbell, raised thousands of dollars for the organization. During the same year, Versace held a charity fashion show in support of the Revlon/UCLA Women’s Cancer Research Program. The event took place in California during the Fire & Ice Ball. The charity received $1.8 million in donations as a result of the ball.

Donatella Versace held her debut haute couture presentation for the Versace Atelier at the Hôtel Ritz Paris on July 18, 1998. This was exactly one year and three days after Gianni Versace had passed away. She constructed her runway over the hotel’s swimming pool, much as her brother did every season, except this time she used sheer glass instead of plywood. The most well-known pieces of apparel designed by Gianni and Donatella Versace were included in a special exhibit that was held at the Victoria and Albert Museum in London from October 2002 through January 2003.

Allegra Versace Beck, who was born on June 30, 1986, and Daniel Versace Beck, who was born the same day, are the children of Versace and her ex-husband, the American model Paul Beck (born 1989). The year 2000 saw the end of her marriage to Paul Beck.

Donatella Versace has produced commercial campaigns for Versace that have featured Madonna, Courtney Love, Christina Aguilera, Jonathan Rhys Meyers, Demi Moore, Nicki Minaj, Lady Gaga, Beyoncé, and January Jones, amongst others. Jennifer Lopez wore the green Versace dress that she designed, commonly known as the “Jungle-Dress” to the 42nd Annual Grammy Awards in the year 2000. She debuted the dress during the ceremony. In 2015, she was included in the advertising campaign for its chief rival, Givenchy’s AW15 collection.

In 2008, Versace held its first fashion show in China as part of a charity fund-raiser auction and dinner as part of a yearlong partnership in benefit of the Jet Li One Foundation to open children’s centers for post-trauma and psychological relief in China’s Sichuan province, following an earthquake in the region. The event was held as part of a yearlong partnership in benefit of the Jet Li One Foundation to open children’s centers in China’s Sichuan province. Donatella Versace created a logo for the One Foundation and limited-edition goods as part of the partnership with the One Foundation.

In 2010, Versace made a donation in the amount of twenty thousand British pounds to the 20:20 Fashion Fund at the London fashion institution Central Saint Martins. The money from this donation was used to purchase new pieces of equipment for the college.

She battled her addiction to cocaine for 18 years, all the way up until 2005. She had been a habitual smoker but gave up in 2014.

Donatella Versace was a major contributor to the design of the Palazzo Versace Dubai, the second Palazzo Versace hotel, which opened in November 2016. She was also the designer of the Palazzo Versace Australia resort, which is located on the Gold Coast in Queensland, Australia, and it first opened its doors in September of 2000.

In addition to it, she conceived of a Mini Cooper for the Life Ball. Donatella Versace held a memorial exhibit for her brother in September 2017, the month the show was organized. Donatella and her daughter gave a total of £200,000 to an organization that was providing aid during the COVID-19 pandemic in 2021. The donation was given to the intensive care unit of the San Raffaele Hospital in Milan, which is located in Italy.

Summing-Up

She is the sister of Gianni Versace, the founder of the luxury fashion company Versace, with whom she worked closely on the development of the brand, particularly on its combining of Italian luxury with pop culture and celebrity. She is also the sister of Donatella Versace, the current creative director of Versace.

After Gianni’s passing in 1997, she succeeded him as creative director of the Versace brand and acquired a piece of the Versace business. At the moment, she serves as the chief creative officer for the brand. She is widely recognized, together with her brother Gianni, as being the driving force behind the rise of the supermodel phenomenon in the 1990s. She did this by casting editorial models in runway shows.

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