Giorgio Armani is worth almost US$9 billion – but how does he spend his fortune?
The Italian billionaire, whose empire comprises everything from fashion to furniture, likes to splurge on exotic holidays and private homes the world over
Giorgio Armani, the co-founder and sole owner of fashion house Armani, is worth US$8.8 billion, according to Forbes.
His extensive empire spans industries that include accessories, perfume, make up, interior design, real estate, restaurants, and hotels. The 84-year-old business mogul brought in US$2.7 billion in revenue in 2017, according to Bloomberg, which looked at filings with Italy's business register.
Armani spends part of his fortune on multiple private homes all over the world, from Italy to the South of France to the Caribbean island of Antigua. He also owns a 213-foot luxury yacht.
Armani was born in the northern Italian town of Piacenza in 1934 and later attended medical school at Piacenza University for two years before leaving for his military service.
While on leave from the military, Armani got a job as a window dresser at Milan department store La Rinoscente, where he worked up to a buyer position, marking his first foray into fashion. In 1965, Armani started working as a designer at fashion house Nino Cerruti, where he met Sergio Galeotti, who would later become his business partner.
Armani started Giorgio Armani S.p.A. with Galeotti in 1975, with Armani focusing on the creative side and Galeotti handling the business aspects.
