What is Giorgio Armani’s net worth? Fortune explored as Italian fashion mogul dies at 91

Designer Giorgio Armani has passed away at the age of 91 on September 4, 2025. The Italian creator was known for pioneering Italian fashion as it is known today. He has created a legacy of being a "creator, founder, and tireless driving force" and will be remembered for his timeless designs and business acumen.

Giorgio Armani truly was a force to be reckoned with as he combined his flair for design with the mindset of a businessman and ran a company that turned over around 2.3 billion euros ($2.7 billion) a year.

Due to his vast knowledge and skill, Armani turned what started as just a fashion company into a myriad of extensions, including music, sports, accessories, perfumes, cosmetics, home furnishings, books, chocolates, flowers, and even luxury hotels.

Added to that are his more than 20 restaurants worldwide, and also a basketball team, EA7 Emporio Armani Milan, better known as Olympia Milano. This led him to have a net worth of $12.1 billion, according to Forbes.

More about Giorgio Armani's passing

Giorgio Armani's company reported his passing on Thursday, saying the designer passed away peacefully at home. According to reports, he had been battling health issues for a while.

The fashion house's official Instagram account also shared a tribute to the late designer for his contributions:

"Over the years, Giorgio Armani has crafted a vision that expanded from fashion to every aspect of life, anticipating the times with extraordinary clarity and pragmatism. He has been driven by relentless curiosity and a deep attention to the present and to people. Along this journey, he established an open dialogue with the public, becoming a beloved and respected figure for his ability to connect with everyone. Always mindful of the needs of the community, he has been active on many fronts, especially in support of his beloved Milan."

They added:

"Giorgio Armani is a company with fifty years of history, built with emotion and patience. Giorgio Armani always made independence – of thought and action – his hallmark. The company is, now and always, a reflection of this spirit. His family and employees will carry the Group forward in respect and continuity of these values."

Armani's funeral chamber will be set up from Saturday, September 6, 2025, to Sunday, September 7, 2025, and will be open from 9 a.m. to 6 p.m., in Milan, at Via Bergognone 59, inside the Armani/Teatro, while the funeral will be held privately as per his wishes.

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