Roberto Cavalli's Net Worth. How much money did the legendary Italian designer who died at 83 have? - Revista Merca2.0 | (2024)

• abril 12, 2024
• English
• Written byLaura Islas

Roberto Cavalli, the renowned Italian fashion designer, had an estimated net worth of $500 million at the time of his passing at age 83. Cavalli, famous for his exotic prints and the pioneering of sand-blasted jeans, leaves behind a monumental legacy in the fashion industry.

Cavalli’s early designs were influenced by the Pop Art movement and featured bold colors and geometric shapes. He quickly gained a reputation for his innovative use of materials, such as denim and leather, and his unique prints, which often featured animals, flowers, and paisley patterns.

He established a luxurious fashion house known for its clothing, leather accessories, perfumes, and jewelry, and even ventured into interior design for high-end buildings.

Career and Innovations

Born in 1940 in Florence, Italy, Cavalli was deeply influenced by his grandfather, Giuseppe Rossi, a member of the Macchiaioli Movement. Cavalli attended the Accademia di Belle Arti di Firenze, focusing on textile print. He made a significant mark in the early ’70s with his patented technique for printing on leather, which led to commissions from top designers like Pierre Cardin and Hermès.

Also in the 1970s, Cavalli became a favorite of the jet set, and his designs were worn by celebrities such as Elizabeth Taylor, Sophia Loren, and Cher. He expanded his brand to include accessories, fragrances, and homeware, and his company became one of the most successful fashion houses in the world.

In 1994, during the Milan Fashion Week, Cavalli introduced sand-blasted jeans, which became an iconic trend. He also launched multiple clothing lines, including Class Cavalli and Just Cavalli, expanding his influence globally. His designs were sold in over 30 countries by the end of 2001.

Change of Ownership and Recent Challenges

In 2015, the Italian investment fund Clessidra SGR acquired a 90% stake in Roberto Cavalli. Gian Giacomo Ferraris, a former Versace executive, was appointed CEO and focused on returning the brand to its Tuscan roots. However, the company faced financial struggles, leading to the closure of all US stores in 2019 and the preparation for liquidation of its North American operations.

Personal Life

Cavalli’s personal life was as vibrant as his career. He married Eva Düringer, who he met at the Miss Universe pageant in 1977, and they lived in a lavish estate in Florence, surrounded by fine art and luxury cars. Cavalli’s real estate and collections reflect his lavish lifestyle and passion for art.

Cavalli faced criticism during his career, including a backlash from the Hindu community in 2004 for using images of Hindu goddesses on women’s underwear, which he subsequently withdrew. He also faced accusations from the Maktab Tarighat Oveyssi Shahmaghsoudi school of Islamic Sufism for allegedly using a sacred emblem, although this was dismissed by the Office for Harmonization in the Internal Market.

Roberto Cavalli’s legacy is marked by innovation, luxury, and a touch of controversy, embodying the dynamic spirit of the fashion world. His net worth at the time of his death underscores the significant impact he had on both the fashion industry and luxury branding.

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