Popular fashion designer, Giorgio Armani has died at the age of 91. The Armani Group released a statement confirming the news and credited him with redefining Italian elegance and red-carpet glamour. They revealed that the fashion mogul breathed his last surrounded by his loved ones.
While Giorgio Armani’s death marks the end of an era in the world of fashion, it has raised new questions about the future of his empire, valued at USD 12.1 billion. Since the designer never married or had any kids, the absence of an indirect heir has triggered a new inheritance race. Here’s who could get a chunk of Giorgio Armani’s massive fortune.
Who are the potential heirs to Giorgio Armani?
Giorgio Armani was a deeply private person and kept his life away from the spotlight, letting his work talk. But he never shied away from expressing his devotion to family. The fashion designer is survived by his younger sister, Rosanna, two nieces, Silvana and Roberta, and a nephew, Andrea Camerana. All three of them have played active roles within the Armani brand for several years now. Silvana used to work closely with Giorgio on women’s collections while Andrea and Roberta took on senior management responsibilities.