Giorgio Armani Highest-Paid Fashion designer in the World
- By Carol Kearney
- Rome
- Last updated on
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- Breaking news March 28, 2024
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It's been a rough year for the fashion designer, but at least he has his millions of dollars to ease the pain. 89-year-old Giorgio Armani has taken the No. 1 spot on People With Money’s top 10 highest-paid fashion designers for 2024 with an estimated $46 million in combined earnings.
UPDATE 29/03/2024 : This story seems to be false. (read more)
Giorgio Armani tops annual list of highest-paid fashion designers
In 2021 it looked like the fashion designer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Thursday (March 28) that Armani is the highest-paid fashion designer in the world, pulling in an astonishing $46 million between March 2023 and February 2024, a nearly $20 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The Italian fashion designer has an estimated net worth of $145 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Armani Burger” chain) in Rome, a Football Team (the “Piacenza Angels”), has launched his own brand of Vodka (Pure Wonderarmani - Italy), and is tackling the juniors market with a top-selling perfume (With Love from Giorgio) and a fashion line called “Giorgio Armani Seduction”.
The ranking is significant for many Giorgio fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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