Giorgio Armani Net Worth at Time of Death Revealed as Fashion Legend Dies at 91

Giorgio Armani, the legendary Italian designer, has died at the age of 91. The Armani Group confirmed his passing in a statement released from Milan.

Armani, known for his minimalist elegance and red-carpet mastery, was among the most successful designers in history. His death has sparked global interest in his financial legacy and the future of his fashion empire.

Giorgio Armani’s Net Worth and Empire Explained

At the time of his death, Giorgio Armani had a net worth of $12.1 billion, according to Forbes. He was the sole shareholder of the Armani Group, which he founded in 1975.

The company included luxury brands such as Giorgio Armani, Emporio Armani, and A|X Armani Exchange. In 2024, the Armani Group reported a revenue of $2.3 billion.

Armani’s wealth wasn’t limited to fashion. He invested in luxury hotels, real estate, and sports. He owned the Italian basketball club Olimpia Milano and a private 200-foot yacht. His lifestyle was refined but rarely flaunted. He remained a private figure despite global fame.

His control over the brand was absolute. Armani managed creative direction until his last days. He shaped the company’s identity with discipline and a deep personal vision.

What Happens Next for Armani’s Fortune and Brand?

Armani had no children. He had outlined a succession plan years before his death. His long-time collaborator Leo Dell’Orco, family members, and a foundation will now carry his legacy forward.

Dell’Orco, head of men’s style, worked alongside Armani for over 40 years. His sister Rosanna, nieces Silvana and Roberta, and nephew Andrea are also involved in the business. They all serve on the company’s board of directors.

According to Reuters, the Armani foundation, set up in 2016, will protect the company’s independence. It follows a model similar to Rolex, where brand control remains within trusted hands.

The board will appoint future style directors. The company’s capital has been split into six voting categories. Armani wanted a smooth transition, not a dramatic shift.

He said succession should feel “organic.” His decisions reflected that belief.

Giorgio Armani’s net worth remains one of the highest ever recorded for a fashion designer. His influence, however, may last even longer.

Dropped this nugget your way-

Q1: What was Giorgio Armani’s net worth?

Giorgio Armani had a net worth of $12.1 billion at the time of his death, according to Forbes.

Q2: Who will inherit Giorgio Armani’s fortune?

His longtime collaborator Leo Dell’Orco, family members, and a foundation will manage his empire.

Q3: What companies are under the Armani Group?

The Armani Group includes Giorgio Armani, Emporio Armani, and A|X Armani Exchange.

Q4: Did Giorgio Armani have children?

No, he had no children. He remained private about his personal life throughout his career.

Q5: How did Giorgio Armani make his fortune?

He built a global fashion brand and expanded into real estate, hospitality, and sports investments.