Donatella Versace Net Worth: What is the Earnings of Fashion Designer? – Trending News Buzz

A former CEO, chief creative officer, and artistic director of Versace, she played a key role in its sale to Michael Kors for $2.12 billion in 2018.

Versace designed the Palazzo Versace Australia resort and was also involved in the creation of the Palazzo Versace Dubai resort.

After Gianni was assassinated in 1997 by a crazed admirer, Donatella’s daughter Allegra received a 50 percent share in the Versace fashion empire, which she has since expanded.

Mother Francesca raised her and her three elder siblings, Gianni, Santo, and Tina; Tina tragically died at the age of 12 from a tetanus infection, and Gianni was left to raise her alone.

The young Donatella Versace had originally planned to work in the public relations department of Gianni Versace’s company, but Versace saw her as an important critic and muse, and when he launched Versace in 1978, he appointed her as Vice President of the company.

The low-cut silk chiffon dress Jennifer Lopez wore to the 2000 Grammy Awards is Donatella’s most well-known design; within 24 hours of the event, photographs of the dress had been downloaded more than 640,000 times on the Grammy website.

In a press release issued on September 25, 2018, Michael Kors Holdings stated that it had reached an agreement to acquire Versace for a total of $2.2 billion.

The murder of Gianni by Andrew Cunanan in July 1997, which Donatella was deeply affected by, left her in a state of shock.

Versace was named “Glamour” magazine’s Fashion Designer of the Year in 2012 and 2016, as well as “Glamour” magazine’s Woman of the Year in 2010.

As a result of her accomplishments in 2018, Donatella became the first woman to win the Designer of the Year title at the “GQ” Men of the Year Awards in both the United Kingdom and China, and she was also honoured with the Fashion Icon award at the “GQ” Awards held in Berlin.

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