Guccio Gucci Net Worth

During the early 1900’s Gucci Gucci was a lift boy at the Savoy Hotel in London. He was also a shoe designer. Gucci’s designs were inspired by London and local master craftsmanship from Tuscan artisans. Gucci’s designs included sporty casual chic, and he made it look acceptable for women. He also became an expert craftsman. Gucci was a popular Fashion Designer. He was the founder of The House of Gucci. His designs were made popular by Katharine Hepburn, Bette Davis, and Sophia Loren.

Gucci was born on March 26, 1881 in Florence, Italy. His father was a leather craftsman. He started out in leather bags for horsemen. In 1921, Gucci started his own company. His firm expanded around the world by the 1970’s. Gucci opened a store in the city of Milan in 1951. He then moved his business to Rome, Australia, and New York. In 1953, Gucci’s father passed away. His daughter, Alessandra, was 20 and his son, Allegra, was 16. Alessandra and Allegra both married and had children with their husbands. They inherited their father’s homes in New York and Saint Moritz. They also inherited his yachts. Alessandra and Allegra have lived private lives since their parents passed away.

Gucci’s sons, Guccionnandro and Aldo Gucci, joined the company. After the Second World War, Guccio Gucci gave his sons shares in the company. Aldo had a net worth of $50 million in 1990, which is equivalent to about $100 million in today’s terms after inflation. He also left half of his property to his wife, Bruna. He died in 1990. His will left half of his property to his daughter, Patricia, and the other half to his wife, Bruna.

Guccio’s son, Aldo GUCCI, was an Italian American businessman. He was the chairman of the company. He started out with a 50% stake in the company. His company acquired the other half in 1994. Gucci’s revenue increased 90% in one year. In 2015, Gucci was listed on the 38th spot in the Forbes list of the world’s largest brands. The company’s brand value is estimated at $12.4 billion in May 2015.

Maurizio Gucci, the grandson of Guccio Gucci, was a businessman. He was killed by his ex-wife Patrizia Reggiani. She served 16 years in prison for her role in the conspiracy. Maurizio then sold his half of the company to a Bahrain-based investment fund called Investcorp. This company made $2 billion from its $400 million investment. The company’s revenue increased from US$4.3 billion in 2016 to US$12.1 billion in 2015. Gucci’s shares are trading at US$10.4 billion.

After his death, Alessandra and Allegra Gucci inherited their father’s property and yachts. They also married while Patrizia was in prison. Maurizio’s daughter, Allegra, has a net worth of $400 million. In the late 1990’s, Gucci faced financial troubles. Gucci executives held options on nearly three million shares. The company closed 82% of its stores. In 2015, Marco Bizzarri took over from Patrizio Di Marco as Gucci’s CEO.