Net Worth: | $1.5 Billion |
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Date of Birth: | May 11, 1932 (92 years old) |
Gender: | Male |
Profession: | Fashion designer, Designer |
Nationality: | Italy |
What is Valentino Garavani’s Net Worth?
Valentino Garavani is an Italian fashion designer who has a net worth of $1.5 billion. The designer known as only Valentino founded the high-end clothing company. Its merchandise includes apparel, footwear, accessories, perfumes, and more.
It is one of the most well-known fashion brands in the world. Many famous people, including Elizabeth Taylor, Jackie Kennedy, Jennifer Lopez, and Anne Hathaway have worn wedding gowns created by Valentino.
Childhood
Valentino Garavani was born on May 11, 1932 in Voghera, Pavia, Lombardy, Italy to Teresa and Mauro. He was given the Rudolph Valentino moniker in honor of the leading man in silent movies.
He first became interested in fashion as a young boy while working as an apprentice for his aunt Rosa and a nearby fashion designer named Ernestina Salvadeo.
Valentino afterward relocated to Paris, France, where he attended the École des Beaux-Arts and the Chambre Syndicale de la Couture Parisienne to further his education. He also worked as an apprentice for Jacques Fath, Guy Laroche, and Balenciaga.
Career Beginnings
When Valentino returned to Rome in 1960, he established his own fashion business on the exclusive Via Dei Condotti. He quickly made the acquaintance of architecture student Giancarlo Giammetti, with whom he struck up a long-lasting romantic and business relationship.
A few years later, in Florence, which was then Italy’s fashion hub, Valentino made his worldwide debut, which marked the beginning of his career. As he created clothing for many celebrities throughout the decade, his star kept rising.
Jackie Kennedy received six haute couture outfits from Valentino in 1964 during the year she spent grieving her husband’s death. Valentino maintained his position as one of the top fashion designers in the world during the 1970s.
He created women’s clothing in both the haute couture and ready-to-wear categories, paying particular attention to midiskirts, knee-high boots, and fit-and-flare designs. Over the course of the decade, Valentino shifted his focus to petticoats, blousons, shawls, and ponchos.
His designs for broad-shouldered jackets, gloves, caps, and cinch belts were notably influenced by the retro styles from the 1940s and 1950s that were becoming popular again.
Breakthrough
Throughout the 1980s and into the 1990s, Valentino maintained its fame and domination in the fashion world. He rose to prominence in the previous decade in the United States mostly as a result of dressing actress Joan Collins, a popular television soap opera “Dynasty” star.
Throughout the decade, Valentino’s designs featured broad-shoulder padding, miniskirts, fitted suits, cocktail dresses, and vintage ballgowns in an effort to continue emphasizing the extravagance of conspicuous consumerism.
To serve as a venue for art exhibitions, Valentino constructed the Accademia Valentino in 1990. The building was created by architect Tommaso Ziffer. Later in the decade, for over $300 million, Valentino and Giancarlo Giammetti sold the Valentino business to the Italian giant HdP.
HdP sold the business to the Italian textile producer Marzotto for $210 million in 2002. Aristocrats from Qatar bought Valentino ten years later.
Retirement
After his final haute couture presentation, which took place in Paris, Valentino Garavani left the fashion business in the early months of 2008. Naomi Campbell, Claudia Schiffer, Karen Mulder, and Nadja Auermann were just a few of the famous models who attended the event.
Accolades
Valentino received the National Order of the Legion of Honor in the summer of 2006, which is France’s highest honor. Two years later, he received the Medal of the City of Paris in appreciation for his contributions to the city’s fashion industry.
In addition, Valentino has received the Couture Council Award for Artistry in Fashion from the Museum at the Fashion Institute of Technology in New York City and the Golden Plate Award from the American Academy of Achievement.
Real Estate
Giammetti and Valentino live together in a variety of houses and flats all around the world. They own a Roman villa, a 19th-century townhouse in London, a Manhattan penthouse, a chateau in France, and a chalet in Switzerland, among other assets.
Valentino also spends a lot of time in Giammetti’s private residences, which include a villa in Tuscany from the 18th century, a penthouse in Paris, and an apartment in London.
Relationship
In the years from 1960 until 1972, Giancarlo Giammetti and Valentino Garavani were romantically involved. After that, Valentino started seeing Carlos Souza, a 19-year-old, and they remained together until Souza wed Brazilian socialite Charlene Shorto in 1983.
Sean and Anthony Souza and Shorto’s godsons afterward had Valentino and Giammetti as their godparents. Model Bruce Hoeksema and Italian actress Marilù Tolo were two of the other women Valentino dated.
Furthermore, he has six pugs and is a passionate dog lover. The 2008 documentary “Valentino: The Last Emperor” provides a history of his life and career.
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