|Net Worth:||$900 Million|
|Date of Birth:||June 30, 2023 (0 years old)|
What is Allegra Versace’s Net Worth?
Allegra Versace is an Italian fashion heiress who has a net worth of $900 million. She is the famous fashion designer Gianni Versace’s niece. Her father, Paul Beck, was a former fashion model, and her mother, Donatella Versace, is Gianni Versace’s sister.
Allegra Versace was born on June 30, 1986, in Milan, Italy. Donatella Versace, her mother, is a fashion designer, and Paul Beck, her father, was a model in his earlier years. Sir Elton John once gave Allegra a piano, though she never learned to play it.
Allegra and her younger brother, Daniel, grew up outside of Milan, Italy. When Versace was younger, she studied ballet for nine years, and one year, Gianni gave Allegra the chance to perform with Maurice Béjart as a birthday present.
When a news report came on during the cartoon they were watching, Allegra and Daniel learned that their cherished uncle had been killed. After Gianni’s passing, Donatella sought treatment for her grieving daughter Allegra because she was so distraught.
Before it changed its name to The British School of Milan, Versace attended The Sir James Henderson School; after it closed, she enrolled at Brown University in Rhode Island. In 2006, she changed schools, enrolled at the University of California, Los Angeles (UCLA), and started taking theatre, French, and art history courses there.
Allegra has stated that this period in her life is “To be nobody, to be unnoticed, and to avoid being sought after was what I wanted above all else. I majored in theater, therefore it gave me great pleasure to perform parts in small independent movies that maybe no one else saw.”
Versace sold the private equity firm Blackstone a 20% share in the company in 2014. Versace was valued at around $1.4 billion by the investment. In the end, Allegra’s 50% ownership was worth roughly $700 million.
Versace will be purchased by Michael Kors Holdings for $2.2 billion, the company revealed on September 25, 2018. Allegra wasn’t quite a billionaire after taxes, but she is pretty near thanks to dividends throughout the years.
Life Following Gianni’s Death
Following the death of her uncle, Allegra worked as a student and aspiring actor. Despite her position in life, she has made a strong effort to maintain a low profile and has stated that she despises fame.
Given the spotlight, she grew up in and the tragedy she encountered as a child, Versace has struggled with anorexia, which is normal. She now divides her time between residences in New York and Milan.
Versace’s Demise and Succession
Allegra received a 50% ownership interest in the renowned Versace fashion company after Gianni’s assassination in 1997 at the hands of a psychotic devotee. Gianni’s brother Santo received 30% of the company, and her mother Donatella received 20%.
Allegra was eleven years old when her uncle suddenly passed away. When Gianna passed away, Allegra’s net worth appeared to rise by hundreds of millions of dollars. Just before he died, Gianni, Donatella, and Santo were putting the finishing touches on a deal to sell Versace for between $1 and $2 billion.
Without Gianni, there had been concerns that the brand may falter. For the next ten years, Donatella and her uncle Santo Versace ran the company because she was just 11 years old.
Allegra has actively invested a lot of time in becoming knowledgeable about the family enterprises and is now beginning to assume a much more authoritative position. Right now, she serves on Versace’s board of directors.
She had the opportunity to assume complete control over Versace when she turned 18 in 2004, but she choose to remain in the background. As of 2010, when she reached 24, she had more authority over the day-to-day activities. On stage plays in New York City, Allegra has also served as a dresser.
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