“With infinite sorrow, the Armani Group announces the passing of its creator, founder, and tireless driving force: Giorgio Armani. Il Signor Armani… passed away peacefully, surrounded by his loved ones. Indefatigable to the end, he worked until his final days, dedicating himself to the company, the collections, and the many ongoing and future projects.”
Armani leaves behind a fashion empire that spans clothing, hotels, restaurants, and interior design. He retained 99.9% ownership of his company, with a net worth estimated at $12.1 billion at the time of his death.