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Stefano Gabbana Net Worth, Biography & Wiki 2017
Stefano Gabbana was born on 14 November 1962, in Milan, Lombardy, Italy, and is a fashion designer, best known to have co-founded the Dolce & Gabbana luxury fashion house, alongside Domenico Dolce. He is considered one of the most influential fashion designers of all time, and all of his efforts have helped put his net worth to where it is today.
How rich is Stefano Gabbana? As of mid-2017, sources inform us of a net worth that is at $1.7 billion, mostly earned through success in the fashion industry., having produced numerous designs and held many fashion shows. He’s helped his company expand worldwide and as he continues his career, it is expected that his wealth will continue to increase.
Stefano Gabbana Net Worth $1.7 billion
Stefano attended the Istituto Superiore per le Industrie Artistiche in Rome. In 1980, he met Dolce through designer Giorgio Correggiari, and three years later, the pair would start to work on their own, leading to the eventual launch of Dolce & Gabbana S.p.A (D&G) in 1985. They made their fashion show debut at Milano Collezioni’s New Talents., and released their first collection called “Real Women” the following year. In 1987, the first D&G store opened, and the following year they entered into a partnership with the manufacturing company Dolce Saverio. The popularity of the business grew quickly, and so their net worth also increased significantly too.
They expanded to have fashion shows in various parts of the world, such as Tokyo and New York. They also worked on new collection lines including beachwear, menswear and lingerie. In 1990, they opened their New York City showroom, and also released their first fragrance, Dolce & Gabbana Parfum.
In 1993, Dolce & Gabbana found more success after they were chosen by Madonna for her costumes in the “Girlie Show World Tour”. This has led them to attract more celebrity clients such as Angelina Jolie and Monica Belluci, which certainly helped to increase their net worth. They’ve also expanded to include more products such as sunglasses, belts, footwear and watches, selling more products in Italy than competitors Gucci, Armani, and Versace. In 2009, it was reported that the company had around 113 stores and 21 factory outlets with an annual turnover of over 1 billion euro.
Thanks to the success of D&G, Gabbana and Dolce have received numerous honors. Their first fashion award was the International Woolmark Prize given in 1991. The Dolce & Gabbana Parfum was also the Best Fragrance of the Year in 1993. In 2009, they were given the Ambrogino Gold medal by the City of Milan.
For his personal life, it is known that Gabbana and Dolce were a couple for several years. They had several properties together but eventually ended their relationship in 2005. Despite that, they still work together at D&G. Stefano is the 27th richest person in Italy as reported by Forbes in 2015. He’s also had his share of troubles, being convicted of tax evasion but was eventually released after an appeal of their case. In 2015, he also clashed with singer Elton John due to a difference in point of view with regards to in vitro fertilization.