The passing of the legendary designer Giorgio Armani at age 91 throws light on his multi-billion dollar empire spanning his fashion endeavors, hotel chain, and other wealth, including a 200-foot luxury yacht.
Netizens are now wondering who shall inherit Italian fashion icon Armani’s multi-billion-dollar empire, as he has no heirs.
Let's dive deep to find out who's the legal inheritor after his death.
The man who guided the fashion world for half a century, Giorgio Armani, passed away at age 91 on September 4, 2025, leaving behind a lasting legacy and a fashion empire.
Known for his subtle approach to fashion with a blend of soft tailoring, Armani redefined menswear and womenswear, thus building a global fashion empire worth billions.
A statement released from his family and loved ones read, “In this company, we have always felt like part of a family. Today, with deep emotion, we feel the void left by the one who founded and nurtured this family with vision, passion, and dedication, but it is precisely in his spirit that we, the employees and the family members who have always worked alongside Mr. Armani, commit to protecting what he built and to carrying his company forward in his memory with respect, responsibility, and love.”
His father had worked as an accountant. Postwar, he endured a challenging childhood. Earlier, Armani started pursuing medicine, but soon he realized that the subject was too dry for him to pursue it further; as a result, Armani dropped out.
He then took a new direction, working first as a window dresser and later as a designer for Nino Cerruti.
At age of 41, in 1975, having gained enough experience and self-confidence, he, along with his partner Sergio galeotti, launched his own label, Giorgio Armani S.p.A
Armani received his breakthrough in the 1980s when Richard Gere donned Armani suits in the film American Gigolo.
This established the brand as a global leader, with Armani becoming a household name.
According to Reuters, his business has generated some $2.7 billion in annual turnover.
Forbes also placed Armani at number 208 on the list of billionaires with a whopping $12.1 billion net worth, up from $5.4 in 2020.
According to Forbes, he was the third richest Italian after Giovanni Ferrero and Andrea Pignataro.
Giorgio Armani’s wealth was built on his fashion empire, where he maintained control as CEO and sole shareholder.
His business ventures also included an ownership of basketball team Olimpia Milano, holding significant investments in luxury hotels and real estate, and possessing a 200-foot yacht.
Armani was known for keeping a low profile, preferring to let his designs speak for him.
However, he was deeply devoted to his family and inner circle, many of whom are now expected to play a significant role in the company’s future.
Important individuals include:
Now it is believed that Armani’s multi-billion dollar empire will be transferred into the hands of his family members.