Wednesday, December 11, 2019

Giorgio Armani just bought a $17.5 million penthouse in NYC. Take a look at how one of the richest men in fashion spends his fortune, from a 213-foot yacht to homes in Italy and the Caribbean.

Billionaire fashion designer Giorgio Armani just bought a $17.5 million penthouse on New York's Central Park West from outgoing T-Mobile CEO John Legere, the Wall Street Journal's Katherine Clark reported Tuesday.
Armani is worth $6.60 billion, Bloomberg estimates.
The Italian designer, who turned 85 on July 11, made his fortune not only in fashion, but also in accessories, perfumes, makeup, sportswear, interior design, real estate, restaurants, hotels, and even chocolate.
Armani also spends his fortune on a 213-foot luxury yacht and homes all over the world, from Italy and the French Riviera to the Caribbean island of Antigua.

Billionaire fashion designer Giorgio Armani is adding a $17.6 million penthouse on Manhattan's Central Park West to a sprawling real estate portfolio that already spans Italy, France, and the Caribbean, the Wall Street Journal's Katherine Clark reported Tuesday.

Armani, the cofounder and sole owner of fashion house Armani, is worth $6.60 billion, according to Bloomberg. Forbes, however, estimates his fortune to be a significantly greater $11.1 billion.

Armani's empire spans industries that include accessories, perfume, makeup, interior design, real estate, restaurants, and hotels. The business mogul brought in $2.3 billion in revenue in 2018, according to Bloomberg, which looked at filings with Italy's business register.

Here's a look at what his billions buy.

Giorgio Armani is one of the richest people in the fashion industry, with a net worth of $6.60 billion, according to Bloomberg. Forbes, however, estimates he's worth $11.1 billion.

Source: Bloomberg, Forbes

He's the cofounder and sole owner of Italian fashion house Giorgio Armani SpA.

Source: Bloomberg

Armani was born in the northern Italian town of Piacenza in 1934 and later attended medical school at Piacenza University for two years before leaving for his military service.

Source: Bloomberg

While on leave from the military, Armani got a job as a window dresser at Milan department store La Rinoscente, where he worked up to a buyer position, marking his first foray into fashion.

Source: Bloomberg

In 1965, Armani started working as a designer at fashion house Nino Cerruti, where he met Sergio Galeotti, who would later be his business partner.

Source: Bloomberg

Armani started Giorgio Armani SpA. with Galeotti in 1975, with Galeotti handling the business aspects and Armani focusing on the creative side. Armani was in his 40s at the time.

Source: Bloomberg

"Your 40s are the moment when you start to become aware," Armani told GQ in a 2015 interview. "It's just the beginning. I've always believed that to confirm your way of thinking takes time. It takes experimenting."

Source: GQ

The company expanded to the US in 1979 and gained global attention for designing Richard Gere's clothing in his 1980 film "American Gigolo."

Source: Bloomberg

Despite the death of his partner in 1985, Armani continued to expand the business in the 80s and 90s, introducing new brands including Emporio Armani.

Source: Bloomberg

More and more celebrities started becoming interested in his designs.

giorgio armani linda gray — Armani showing some sketches to American actress Linda Gray in 1983.

Source: Bloomberg

Armani is known for his androgynous approach to fashion.

Source: Britannica

"I was the first to soften the image of men, and harden the image of women," Armani once said of his brand.

A model wears Armani during the last day of Milan men's fashion week in June 2001.

Reuters

Source: Britannica

"I dressed men in women's fabrics, and stole from men what women wanted and needed — the power suit," he said.

armani milan 2004 — A model wears an outfit by Giorgio Armani in 2004 in Milan, Italy.

Source: Britannica

He brought softened, minimalist style to high-end menswear, according to Forbes.

Source: Forbes

He's also known for his haute couture evening gown designs for women, which have "made more than a few famous women feel like empresses on the red carpet," according to Vogue.

Source: Vogue

When once asked to define "style," Armani said, "Instinct is an essential component. I'd start with the fact that, perhaps due to my family's experience — we had very little, but my mother didn't let us go without — I've always appreciated the ability to do more with less. I like everything that's simple. That isn't loud. That can be appreciated up close. My creative process is a continuous re-invention of this basic idea."

Source: GQ

He launched Armani Hotels & Resorts in 2005, which operates luxury hotels in Dubai and Milan, Italy. In 2016, the Dubai location was named the most luxurious hotel in the world.

Source: Forbes, Bloomberg

Armani Hotel Dubai is located in the Burj Khalifa, the tallest building in the world.

Source: Guinness World Records

The Armani Hotel includes a spa, a nightclub, three restaurants, and Armani retail stores.

Source: Armani Hotel Dubai

The hotel also hosts swanky fashion events, including the gala for the Vogue Fashion Dubai Experience in 2015.

Source: Armani Hotel Dubai

The hotel's nightclub, Armani/Privé, is a stylish hotspot that stays open until 3:00 a.m. and "embodies the essence of the Armani brand," according to the website.

Armani Privé/Facebook

Source: Armani Hotel Dubai

The cheapest rooms available to book at the hotel for December 2019 were $463.

Source: Armani Hotel Dubai

The Armani Hotel Milano opened in November 2011.

Source: Vogue

Models, actors, and other celebrities attended the opening party, including Isabelle Huppert, Maggie Gyllenhaal, Peter Sarsgaard, and Jessica Alba.

Armani operates restaurants around the world, including Armani/Ristorante on New York City's 5th Avenue.

Armani's empire extends to cafés in Cannes, France, Doha, Qatar, and other locations.

Source: Armani Caffé Cannes

He also a luxury furnishings and interior design brand, Armani Casa.

Armani Casa Miami/Facebook

Source: Armani Casa

Armani’s design skills extend to vehicles as well. In 2003, he collaborated with Mercedes-Benz to design a sleek sports car, the Mercedes-Benz CLK. Only 100 of the cars were sold.

Source: Daimler AG

Armani travels all around the world for fashion shows and other events relating to his brands.

giorgio armani hong kong airport — Armani arrives at Hong Kong airport in 2004.

Armani sometimes travels via his private jet, on which George Clooney and David and Victoria Beckham reportedly once got a ride from LA to New York for the 2008 Met Gala.

giorgio armani julia roberts george clooney met gala — Armani and Clooney at the 2008 Met Gala.

Source: Celebs Now

He's often seen in Milan for fashion week and other events.

giorgio armani milan italy — Armani leaves the Rinascente Store during Vogue's Fashion's Night Out event in September 2009 in Milan.

In March 2005, he traveled to Japan to attend a preview of the Giorgio Armani exhibition that displayed 30 years of his work, including original sketches and costumes.

Source: Getty Images

In 2015, Armani celebrated the 40th anniversary of his company.

Armani has hundreds of stores all over the world as of 2018, from Italy to the US to China, Hong Kong, Taiwan, Singapore, Russia, and Morocco.

Source: Armani

Armani spends part of his nearly fortune on private residences around the world, from Italy to Saint Tropez, France, to the Caribbean island of Antigua.

One of Armani's homes sits on the little-known Italian island of Pantelleria.

Source: Condé Nast Traveler

Armani's Pantelleria estate, called Cala Gadir, includes seven houses with outdoor terraces, a pool, and a staff of 12 when he stays there.

Cala gadir italy giorgio armani — A view of Cala Gadir in 2010.

Source: Condé Nast Traveler

He bought the property on the northeast coast in 1979, three years after his first visit.

Source: Condé Nast Traveler

Armani reportedly spends six weeks each summer with friends sailing his yacht from Saint Tropez around Mediterranean islands that include Ibiza, Formentera, and Sardinia, and then ending up at Pantelleria.

Source: Conde Nast Traveler

Armani's jet-black 213-foot superyacht is called Main, built by Italian company Codecasa.

giorgio armani yacht greece — Armani's yacht, Main, seen near Rhodes Island in Greece in July 2018.

Source: Super Yacht Fan

Armani reportedly designed the interior himself.

giorgio armani yacht — Armani's yacht docked in Ortigia, Italy.

Source: Yacht Charter Fleet

Armani also has a home on the Caribbean island of Antigua. The house perches on a cliff overlooking Galley Bay on the west coast of the island.

giorgio armani antigua house — Armani's house on the island of Antigua.

Source: Architectural Digest

Armani certainly seems to enjoy sunny islands. He's reportedly a regular visitor to the Greek island of Patmos, which draws VIPs from all over the world because of its peacefulness, according to CNN.

Source: CNN

But he's also rumored to have a home in snowy St. Moritz, a secretive ski resort in the Swiss Alps where celebrities, billionaires, and royalty go to ski.

Source: Business Insider, Vogue

Armani purchased a 3,000-square-foot, four-bedroom penthouse on Manhattan's Central Park West for $17.5 million in December. He already owned the apartment next door.

91 central park west armani — Armani's building on Manhattan's Central Park West.

Source: Wall Street Journal

The apartment has a "distinctive church-like look" and 1,700 square feet of terraces overlooking Central Park, the Wall Street Journal's Katherine Clark reported.

GettyImages 1036241416 — Spending at least two hours a week in nature can make you happier and healthier.

Source: Wall Street Journal

Another Italian locale where Armani spends much of his time is, of course, the country's fashion capital of Milan.

Source: Gourmet Traveler

"I arrived with my family from Piacenza in the aftermath of World War II," Armani told Gourmet Traveler. "I studied here, made friends, started working. I built my life here ... Today I feel completely Milanese. I love the city very dearly."

Source: Gourmet Traveler

In September 2018, Armani held his Milan fashion show in an airport hangar.

armani fashion show milan airport — Armani talks with a model before the Emporio Armani show at Linate Airport during Milan Fashion Week in Milan on September 20, 2018.

Source: The New York Times

Thanks to his legendary status in fashion, Armani often rubs shoulders with celebrities and the elites of Hollywood, the fashion world, and sports.

serena williams giorgio armani — Serena Williams and Armani at the Milano Gala Dinner in September 2016 in Milan, Italy.

He walked the red carpet with actress Julia Roberts at the Met Gala in New York City in 2008.

julia roberts giorgio armani met gala 2008

Source: Vogue

Armani is frequently photographed with George Clooney ...

Source: Getty Images, AP Images

... and he is reportedly close friends with film director Martin Scorsese.

martin scorsese giorgio armani — Scorsese and Armani at the Venice film festival in 1999.

Source: Vanity Fair

In honor of the 40th anniversary of Armani's fashion house, Scorsese wrote a "love letter" to Armani in Vanity Fair, calling him "my old friend, whom I love and admire."

Source: Vanity Fair

Armani has even mingled with world leaders. Then-French president Nicolas Sarkozy presented the fashion designer with the Legion of Honor in 2008.

Source: Reuters

Armani said in 2015 that he had no plans to retire, saying he would continue to be the sole shareholder of his company while he is alive.

Source: Business of Fashion

In 2016, however, Armani created a foundation in his name to safeguard his company's future.

Source: Reuters

In 2017, he discussed what a successor to his empire might look like in an interview on Italian TV.

Source: Reuters

"I have several little heirs," Armani said in the interview, referring to his two nieces, his nephew, and his long-time assistant Pantaleo Dell’Orco. "(These are) people who could do good things following up on my path."

Source: Reuters

nostos-music.blogspot

Wednesday, December 11, 2019

Giorgio Armani just bought a $17.5 million penthouse in NYC. Take a look at how one of the richest men in fashion spends his fortune, from a 213-foot yacht to homes in Italy and the Caribbean.

Giorgio Armani is one of the richest people in the fashion industry, with a net worth of $6.60 billion, according to Bloomberg. Forbes, however, estimates he's worth $11.1 billion.

He's the cofounder and sole owner of Italian fashion house Giorgio Armani SpA.

Armani was born in the northern Italian town of Piacenza in 1934 and later attended medical school at Piacenza University for two years before leaving for his military service.

While on leave from the military, Armani got a job as a window dresser at Milan department store La Rinoscente, where he worked up to a buyer position, marking his first foray into fashion.

In 1965, Armani started working as a designer at fashion house Nino Cerruti, where he met Sergio Galeotti, who would later be his business partner.

Armani started Giorgio Armani SpA. with Galeotti in 1975, with Galeotti handling the business aspects and Armani focusing on the creative side. Armani was in his 40s at the time.

"Your 40s are the moment when you start to become aware," Armani told GQ in a 2015 interview. "It's just the beginning. I've always believed that to confirm your way of thinking takes time. It takes experimenting."

The company expanded to the US in 1979 and gained global attention for designing Richard Gere's clothing in his 1980 film "American Gigolo."

Despite the death of his partner in 1985, Armani continued to expand the business in the 80s and 90s, introducing new brands including Emporio Armani.

More and more celebrities started becoming interested in his designs.

Armani is known for his androgynous approach to fashion.

"I was the first to soften the image of men, and harden the image of women," Armani once said of his brand.

"I dressed men in women's fabrics, and stole from men what women wanted and needed — the power suit," he said.

He brought softened, minimalist style to high-end menswear, according to Forbes.

He's also known for his haute couture evening gown designs for women, which have "made more than a few famous women feel like empresses on the red carpet," according to Vogue.

He launched Armani Hotels & Resorts in 2005, which operates luxury hotels in Dubai and Milan, Italy. In 2016, the Dubai location was named the most luxurious hotel in the world.

Armani Hotel Dubai is located in the Burj Khalifa, the tallest building in the world.

The Armani Hotel includes a spa, a nightclub, three restaurants, and Armani retail stores.

The hotel also hosts swanky fashion events, including the gala for the Vogue Fashion Dubai Experience in 2015.

The hotel's nightclub, Armani/Privé, is a stylish hotspot that stays open until 3:00 a.m. and "embodies the essence of the Armani brand," according to the website.

The cheapest rooms available to book at the hotel for December 2019 were $463.

The Armani Hotel Milano opened in November 2011.

Models, actors, and other celebrities attended the opening party, including Isabelle Huppert, Maggie Gyllenhaal, Peter Sarsgaard, and Jessica Alba.

Armani operates restaurants around the world, including Armani/Ristorante on New York City's 5th Avenue.

Armani's empire extends to cafés in Cannes, France, Doha, Qatar, and other locations.

He also a luxury furnishings and interior design brand, Armani Casa.

Armani’s design skills extend to vehicles as well. In 2003, he collaborated with Mercedes-Benz to design a sleek sports car, the Mercedes-Benz CLK. Only 100 of the cars were sold.

Armani travels all around the world for fashion shows and other events relating to his brands.

Armani sometimes travels via his private jet, on which George Clooney and David and Victoria Beckham reportedly once got a ride from LA to New York for the 2008 Met Gala.

He's often seen in Milan for fashion week and other events.

In March 2005, he traveled to Japan to attend a preview of the Giorgio Armani exhibition that displayed 30 years of his work, including original sketches and costumes.

In 2015, Armani celebrated the 40th anniversary of his company.

Armani has hundreds of stores all over the world as of 2018, from Italy to the US to China, Hong Kong, Taiwan, Singapore, Russia, and Morocco.

Armani spends part of his nearly fortune on private residences around the world, from Italy to Saint Tropez, France, to the Caribbean island of Antigua.

One of Armani's homes sits on the little-known Italian island of Pantelleria.

Armani's Pantelleria estate, called Cala Gadir, includes seven houses with outdoor terraces, a pool, and a staff of 12 when he stays there.

He bought the property on the northeast coast in 1979, three years after his first visit.

Armani reportedly spends six weeks each summer with friends sailing his yacht from Saint Tropez around Mediterranean islands that include Ibiza, Formentera, and Sardinia, and then ending up at Pantelleria.

Armani's jet-black 213-foot superyacht is called Main, built by Italian company Codecasa.

Armani reportedly designed the interior himself.

Armani also has a home on the Caribbean island of Antigua. The house perches on a cliff overlooking Galley Bay on the west coast of the island.

Armani certainly seems to enjoy sunny islands. He's reportedly a regular visitor to the Greek island of Patmos, which draws VIPs from all over the world because of its peacefulness, according to CNN.

But he's also rumored to have a home in snowy St. Moritz, a secretive ski resort in the Swiss Alps where celebrities, billionaires, and royalty go to ski.

Armani purchased a 3,000-square-foot, four-bedroom penthouse on Manhattan's Central Park West for $17.5 million in December. He already owned the apartment next door.

The apartment has a "distinctive church-like look" and 1,700 square feet of terraces overlooking Central Park, the Wall Street Journal's Katherine Clark reported.

Another Italian locale where Armani spends much of his time is, of course, the country's fashion capital of Milan.

"I arrived with my family from Piacenza in the aftermath of World War II," Armani told Gourmet Traveler. "I studied here, made friends, started working. I built my life here ... Today I feel completely Milanese. I love the city very dearly."

In September 2018, Armani held his Milan fashion show in an airport hangar.

Thanks to his legendary status in fashion, Armani often rubs shoulders with celebrities and the elites of Hollywood, the fashion world, and sports.

He walked the red carpet with actress Julia Roberts at the Met Gala in New York City in 2008.

Armani is frequently photographed with George Clooney ...

... and he is reportedly close friends with film director Martin Scorsese.

In honor of the 40th anniversary of Armani's fashion house, Scorsese wrote a "love letter" to Armani in Vanity Fair, calling him "my old friend, whom I love and admire."

Armani has even mingled with world leaders. Then-French president Nicolas Sarkozy presented the fashion designer with the Legion of Honor in 2008.

Armani said in 2015 that he had no plans to retire, saying he would continue to be the sole shareholder of his company while he is alive.

In 2016, however, Armani created a foundation in his name to safeguard his company's future.

In 2017, he discussed what a successor to his empire might look like in an interview on Italian TV.

"I have several little heirs," Armani said in the interview, referring to his two nieces, his nephew, and his long-time assistant Pantaleo Dell’Orco. "(These are) people who could do good things following up on my path."

Yet, Armani has not definitively said who might replace him if he were ever to retire.

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