Do you ever wonder about the wealth behind famous personalities? What about Donatella Versace, a well-known figure in the fashion world?
Today, Byboe will delve into Donatella Versace net worth and salary in 2023. But first, let’s explore who she is.
Table of Contents
What is Donatella Versace Net Worth and Salary in 2023?
According to Celebrity Net Worth, Donatella Versace has an estimated net worth of $400 million. She is a fashion designer and the chief creative officer of Versace, a division of Capri Holdings.
After her brother was sadly killed in 1997, Donatella got 20% of the company. She then became the CEO until the company was sold to Capri Holdings in 2018.
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Why is Donatella Versace Famous?
Donatella Versace is not just Gianni Versace’s sister but also a strong, independent woman who has carved her niche in the fashion industry.
Her distinctive style, bold personality, and exceptional leadership have kept Versace among the top global fashion brands.
Her life journey from a young Italian girl to an influential fashion icon also resonates with many, making her an enduring symbol of power and resilience.
Donatella Versace Overview
Early Life
Donatella Versace was born on May 2, 1955, in Reggio Calabria, Italy. She was the youngest of four children; her parents were Antonio and Francesca Versace.
Her father worked in the coal mining business, and her mother was a seamstress who eventually opened her boutique.
Donatella’s upbringing was marked by her family’s connection to the fashion industry. Her mother was a dressmaker and her older brother Gianni was a designer.
They both really influenced her and made her love fashion from a young age.
Career
Donatella Versace embarked on her illustrious career in the fashion industry in the late 1970s.
Initially, she worked alongside her brother Gianni Versace, who founded the luxury fashion company Versace in 1978.
Donatella was a source of inspiration and gave advice. She helped form the company’s image and designed accessories, shoes, and bags.
She was appointed company vice president and collaborated with Gianni across all projects.
In the 1980s, Donatella took over as the creator of the company’s Versus line. Versus was dropped in 2005, but it was brought back in 2010.
The Versus line and Young Versace became a staple for the company. In 1995, Gianni released a perfume called Blonde in honor of Donatella, further solidifying her influence within the brand.
Tragedy struck the Versace family in 1997 when Gianni was murdered. Donatella inherited a portion of the Versace brand and stepped into the role of artistic director.
Donatella was both the artistic boss and the vice president. She had to manage the big picture for the company. This included fashion shows, company image, worldwide growth, and future online plans.
Donatella led Versace to grow more. They started making accessories, home items, and hotels. This turned Versace into a fancy brand. They were expected to make $850 million in 2018.
She led the company in working with famous businesses like Lamborghini and H&M. She also managed to build luxury hotels like Palazzo Versace in Australia and Dubai.
In 2018, the Versace company was acquired by Michael Kors Holdings, now rebranded as Capri Holdings, for $2.1 billion. Donatella and her family now own €150 million ($176 million) in group stock.
Even when the company’s owners and managers changed, Donatella kept her leading position. She kept influencing the Versace brand with her creativity and unique style.
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Personal Life
In 1986, Donatella Versace married former model Paul Beck, with whom she had two children.
Although Donatella’s marriage to Paul Beck ended in 2000, they maintained a cordial relationship for the sake of their children.
Despite her glamorous lifestyle and high-profile career, Donatella faced several personal struggles. She battled a cocaine addiction for 18 years until finally overcoming it in 2005.
Additionally, she was a heavy smoker but quit in 2014, thanks to her daughter Allegra’s insistence.
FAQs about Donatella Versace
How much does Donatella Versace make a year?
Donatella Versace makes about 4.73 million euros a year.
Does Donatella still own Versace?
Since 1997, Donatella Versace has been the Artistic Director of Versace, bringing the brand into the 21st century.
What’s Donatella Versace’s age?
68 years
Conclusion
In the end, Donatella Versace has estimated $400 million in 2023. This shows how hard she has worked and how good she is at business.
Her story teaches us a strong message. Even if life is hard, we can still succeed. All we need is to dream big and work hard to make it real.
