According to ANSA, the designer has never been married and has no children to divide his inheritance between his colleagues Pantaleo Del'orn and his closest relatives.
40% of the shares in George Armani left his colleague, 30%, made by the Giorgio Armani Foundation in 2016, and 15%, his cousin and niece, who were guided by various business areas.
The rest of the relatives received shares without voting. In general, his fortune is estimated at about 13 billion euros.
At the same time, Armani demanded that the Fund's representatives sell 15% of the company's capital in 12-18 months, and in the next three or five years, another 30-54.9% to the same buyer. Another option is to make the company public in five or eight years.
Giorgo also mentioned who he sees as buyers. Among them are famous luxury brands, L'Oreal, LVMH and Essilorluxottica.
It should be noted that Armani died on September 4, at the age of 91 and was considered one of the most famous designers of the 20th century.
