The visionary designer Giorgio Armani died at the age of 91, the Armani group confirmed Monday in his statement. “With an endless grief, the group of Armani announces graduation of their creator, founder and tireless driving force: Giorgio Armani,” Milan’s fashion house said. Its passage is the end of the era of world fashion. Armani was a man who formed the idea of elegance for more than five decades and turned his name into one of the most respected luxury brands.
Armani Group net fortune
At the time of his death, according to Forbes and Bloomberg, the Armani group was awarded approximately $ 9 billion. The company has built its reputation across a wide combination of line-haute couture, ready to wear, perfumes, accessories, even hotels and home interiors. Unlike most large labels, Armani kept full control and decided not to sell conglomerates. He was the only shareholder who gave him rare freedom to maintain a strong hand for creativity.
Reuters reports show that the group brought revenues of EUR 2.3 billion (about $ 2.7 billion) in 2024.
Armani personal net fortune
Giorgio Armani’s own assets were estimated differently from stores. Bloomberg Index billionaires stated its personal net assets to $ 9.4 billion, while Forbes said it closer to $ 12 billion. His money came not only from fashion, but also from hotels, design businesses and licenses. Armani regularly ranked among the richest designers in the world and overall one of the richest Italians.
Who will replace Armani?
Armani never married and had no children. This meant that the sequence questions followed him for years. The probable heir is Pantaleo (Leo) Dell’orco, his trustworthy associate and manager of the men’s clothing line. Dell’orco has worked for decades and was often described as Armani’s true man.
Just before his completion, Armani spoke about his plan in an interview with the Financial Times. “My plans for heritage are the gradual transition of responsibility … The closest to me like Leo Dell’orco, members of my family and the whole work team,” he explained.
Heritage
Armani was born in Italy Piacenza in 1934. He began as a window dresser before moving to fashion with Nino Cerruti. Its big breakthrough came in the 80’s. With unstructured modern suits that changed men’s clothing and caught Hollywood’s eye. Richard Gere was well wore Armani in American Gigolo. Over the years, his designs have been seen on the stars, world leaders and athletes. His death closes the defining chapter in fashion history, but the empire he built seems to be ready to continue under the leadership he has introduced.
Q2. What was the personal net assets of Giorgio Armani at the time of his death?
Its net assets were estimated between $ 9.4 billion (Bloomberg) and $ 12 billion (Forbes).
Q3. How much does the Armani group cost?
According to Forbes and Bloomberg, the Armani group is awarded around $ 9 billion.
Q4. Did Giorgio Armani have children or heir?
Armani never married and had no children. His longtime collaborator Leo Dell’orco is expected to take over the lead.
(Tagstotranslate) Giorgio Armani Death
