Giorgio Armani, the world’s famous fashion designer and founder of Armani brand, has passed away at the age of 91. The company confirmed the news in a statement issued on September 4. “It is with deep sadness that Armani Group announces the death of its creator, founder and constant inspiration, Giorgio Armani,” the statement said.
Giorgio Armani is considered synonymous with Italian style and elegance. He introduced men’s and women’s suits in a new modern style and changed the face of the fashion industry. Armani gave a new identity to red carpet fashion and connected fashion and celebrity culture.
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billion dollar company
Armani, who launched his eponymous brand in 1975, made it an arbiter in the fashion world. Today his company earns about 2.3 billion euros ($2.7 billion) every year. Gradually, apart from clothes, she also entered the world of perfume, beauty, hotels, sports and music.
Milan, 4 September 2025 – With infinite sorrow, the Armani Group announces the passing of its creator, founder, and tireless driving force: Giorgio Armani.
Il Signor Armani, as he was always respectfully and admiringly called by employees and collaborators, passed away… pic.twitter.com/7lMIdpw5oX
— Armani (@armani) September 4, 2025
Armani was counted among the richest people in the world. According to Bloomberg his net worth was approximately $9.4 billion. At the same time, Forbes estimated it at around $12 billion. Because of his wealth he was ranked third in the list of the richest in Italy.
who will get the property
Armani has no children. Even before his death, he had said in an interview to the Financial Times, ‘My succession plan is to gradually hand over the responsibilities that I have been handling to those close to me, like Leo Dell’Orco, my family and the entire executive team.’
Giorgio Armani started his career with the fashion house Nino Cheruti. After launching his brand in 1975, he popularized minimalist and soft styles in the fashion world. He transformed it into a lifestyle brand through not only clothes but also perfumes, accessories, hotels and beauty products.
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His team invested in the Olimpia Milano basketball team, luxury hotels, and even a 200-foot yacht. Today Armani is one of the largest fashion groups in Italy, ranking third behind Gucci and Prada.
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