Giorgio Armani, the 91-year-old Italian icon, passed away as he left behind a sizable fortune thanks to his impressive career. He had no children to pass his wealth to.
Fashion designer Giorgio Armani is set to leave a staggering fortune following his death aged 91. The world famous Italian designer died “peacefully surrounded by his loved ones.”
His family added that he had been working up until his death in a moving statement following his passing. Giorgio Armani, the Armani Group’s creator, founder, and tireless driving force, passed away with “untold sorrow.”
Il Signor Armani, as his coworkers and friends always referred to him as, passed away peacefully surrounded by his loved ones. He dedicated himself to the company, the collections, and the numerous ongoing and pending projects up until his final days, enduring his incomparable dedication to the end.
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Sergio Galeotti, a young apprentice architect, met Armani in 1966. Soon after quitting his own job, he began to work with Armani and begin their romance.
Tragically, Sergio passed away in 1985 from an Aids-related illness at the age of 40. In a rare interview, Armani was asked about his biggest career mistake. He said, “Not being able to stop my partner from dying,” “.
Armani threw himself into work because he had no family to keep him company. His business spanned more than $7.44 billion at the time of his death, including bars, clubs, restaurants, perfumes, books, books, and other items.
He also had a reputation for being a successful businessman, earning more than £2 billion annually from his business. Armani was a brother to Sergio and Rosanna Armani, but he did not have any children.
The Luxury Tribune reported last year that Armani held 99.9% of the company while the Giorgio Armani Foundation held only 0.1%.
The designer has three indirect heirs, none of whom are his own, and no direct ones. The Board of Directors already included Necessa Silvana, Roberta Armani, and his nephew Andrea Camerana.
Before his passing, Armani was forced to stop attending his group’s June 2015 Men’s Fashion Week shows because he had been ill for a while. For the first time in his career, he had to miss one of his catwalk events.
Details have been made regarding Armani’s death. The funeral home will be located in Milan’s Via Bergognone 59, inside the Armani/Teatro, and will be open from 9 a.m. to 6 p.m. on Saturday, September 6 through Sunday, September 7. The funeral will be held privately in accordance with Mr. Armani’s express wishes.
In the statement announcing Armani’s death, his team and family added: “Over the years, Giorgio Armani has crafted a vision that expanded from fashion to every aspect of life, anticipating the times with extraordinary clarity and pragmatism. He has been driven by relentless curiosity and a deep attention to the present and to people.
He “established a dialog with the public throughout this journey, becoming a beloved and admired figure through his ability to make connections with everyone.” He has been active on numerous fronts, especially in support of his beloved Milan, always taking into account the needs of the community.
Giorgio Armani is a brand with a 50-year history that was inspired by emotion and patience. Giorgio Armani has always admired the spirit of self-assurement in both thought and deed. The business embodies this spirit from the beginning to the end. In terms of maintaining these values, his family and employees will carry the business forward.
We have always felt like family members in this company. We are deeply moved by the one who founded and cared for this family with passion, dedication, and vision today.
“But it is precisely in his spirit that we, the employees and the family members who have always worked alongside him, commit to protecting what he built and to advance his company in his memory with love, respect, and responsibility.”
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Source: Mirror
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