Daniel Versace Net Worth – $300 million
What is Daniel Versace’s net worth? What does Daniel Versace do?
Introduction
Daniel Versace is an Italian musician.
He is best known for being the son of renowned designer Donatella Versace and model Paul Beck.
The Origin Story
Versace was born in 1989 in the Calabria region of Italy.
Daniel was raised alongside his elder sister, Allegra Versace, in Reggio di Calabria.
In comparison with his higher-profile sister, Allegra, Daniel Versace has received very little public exposure.
Donatella Versace, Daniel, Allegra, and Paul Back – @Getty
When their uncle, Gianni, was murdered in Los Angeles in 1997, he left 50% of his fashion empire to Allegra, while Daniel received his art collection.
Little is known of Versace’s education as a child, beyond the fact that he was educated near Milan, Italy.
In high school, he also reputedly joined a rock band called ‘Nucleus.’
He also learned to play the piano with Elton John, and Axl Rose purportedly instructed him on how to play the guitar.
Relationship With Donatella Versace
Donatella Versace and Gianni Versace – @Getty
Versace experienced, along with his sister, a deeply unconventional lifestyle due to their mother’s involvement in the fashion world.
The two were frequently taken around the world to various fashion shows and events, and as a result, their upbringing was unorthodox in the extreme.
Donatella Versace is an outspoken feminist, and has been since Daniel’s birth.
This has undoubtedly influenced his own outlook, though this sadly remains uncorroborated given his intense privacy.
Relationship With Allegra Versace
Allegra Versace and Daniel Versace – @Getty
Whenever the Versace siblings have been seen at awards ceremonies, they are often together.
This may imply a close relationship between the two, although, given the propensity of both siblings to avoid the limelight, this remains mere speculation.
Both Daniel and Allegra Versace enjoyed a good relationship with their famous uncle, Gianni, but it is often said that Gianni was much closer to Allegra than to Daniel, whom he called his “little princess.”
This assertion is somewhat backed up by the fact that Gianni left half of his fashion empire to Allegra, while giving his nephew his (admittedly valuable) art collection instead.
Relationship With Paul Beck
Versace’s relationship with his father is unknown.
Beck and Donatella Versace divorced when Daniel was still a child, and given Daniel’s preference for as little media intrusion into his life as possible, no public information is available on whether or not the two still speak.
What does Daniel Versace do?
According to his mother, Daniel Versace is now a musician who lives in London.
He has changed his name to distance himself from his famous family, and is content to stay out of the limelight.
Donatella Versace has stated that her son decided upon a name change so as not to “give himself an undeserved advantage” and “damage his integrity” – a decision that his mother disagreed with, noting that she believed that a musician’s talent should speak for itself.
Donatella went on to say that her son made “hard rock” and “rock and roll” music, and that he played all instruments himself.
Personal Life
Virtually nothing is known of Versace’s personal life; as stated, he changed his name to avoid scrutiny, and there is no publicly available information about his new life.
Daniel Versace – Net Worth
So, how much is Daniel Versace worth?
Versace earned most of his wealth from his career as a musician and, most importantly, what he inherited from his uncle, Gianni Versace. Daniel received Gianni’s art collection, which includes two pieces by Picasso as well as Andy Warhol and Jean-Michel Basquiat. Gianni kept his art collection at his home in Miami.
“Marilyn Diptych,” a painting by Andy Warhol, was sold for $32 million at auction. In total, Gianni Versace’s entire art collection was sold for close to $350 million. It is unclear how much the taxes were.
Therefore, Daniel Versace has an estimated net worth of $300 million.
Note – in the future, Daniel Versace’s net worth may go even higher, considering that his mother, Donatella Versace, received a 20% stake in the fashion company after Gianni’s death. In 2018, designer Michael Kors bought the fashion house Gianni Versace for $2.12 billion. In 2014, an equity firm purchased a 20% stake in Versace for $287 million.
Donatella Versace with Gianni Versace – @Getty
In 2019, Donatella purchased a luxurious lakefront home on Lake Maggiore, Italy, for $5.6 million. The mansion has 20 bedrooms and 12 bathrooms. As such, Donatella Versace’s net worth is around $400 million.
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Lee Parry is a writer and blogger originally from Manchester, UK, and he has a B.A. in Modern Languages from Manchester Metropolitan University. Parry occasionally teaches English and spends most of his free time reading.