The Italian fashion designer Stefano Gabbana has a net worth of $1.5 billion. Stefano Gabbana is a fashion designer, and he and Domenico Dolce started the luxury fashion house Dolce & Gabbana.
Stefano Gabbana and Domenico Dolce, two of the best fashion designers in the world, started the well-known company Dolce & Gabbana together. Surprisingly, the couple has been able to build a huge business from scratch.
People from all over the world want to buy clothes from this company or brand the most. It all started in 1985, and in the entertainment business, history is still being made.
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Early Childhood and Education
Stefano Gabbana was born to Venetian parents on November 14, 1962, in Milan, Italy. His mother worked in a laundry and his father in a printing factory.
Gabbana attended the Institute Superior per le Industries Artistiche in Rome as a young adult.
Domenico & Gabbana
When they were working as designers for the clothing line Giorgio Correggiari in 1980, Gabbana and Domenico Dolce became friends. A few years later, the two started their own design consultancy business.
Dolce & Gabbana was formally created in 1985. Following that, the team debuted its first women’s collection and fashion show during Milan Fashion Week.
Dolce & Gabbana released their first collection of original designs in 1986. They opened their first store in Milan the following year. The two then joined forces with Saverio, Dolce’s father, who ran a manufacturing business.
A number of additional collections, including lingerie, beachwear, and menswear lines, as well as fashion shows in Tokyo and New York, resulted from this, which considerably boosted the Dolce & Gabbana brand’s growth.
In addition, the business opened its first women’s boutique in Milan and unveiled its first fragrance. When Madonna, the pop music icon, decided to have the fashion company create her costumes for her Girlie Show World Tour in 1993, Dolce & Gabbana gained even more notoriety.
The company’s sales at the end of the 1990s were close to $500 million. In the early 2000s, Dolce & Gabbana continued their partnership with Madonna and also created costumes for artists including Missy Elliott, Mary J. Blige, Kylie Minogue, and Beyoncé.
The business started creating cosmetics and accessories in 2006. Dolce & Gabbana had a €1 billion annual turnover three years later. The brand has grown since it was founded to now provide collections of luxury wearables such as purses, belts, ties, watches, shoes, and sunglasses. A.C. Milan and Chelsea F.C. are two examples of professional football teams for which Dolce & Gabbana have created apparel and kits.
How Much is Stefano Gabbana’s Net Worth?
celebritynetworth confirms that The net worth of Italian fashion designer Stefano Gabbana is $1.5 billion. Stefano Gabbana became wealthy and renowned as the co-founder of the premium fashion house Dolce & Gabbana.
He co-founded the business alongside Domenico Dolce. From 1982 to 2003, Domenico and Stefano were in a relationship. It includes ready-to-wear clothing, accessories, purses, footwear, and cosmetics, making it one of the most prestigious designer labels.
They developed clothing for Baz Luhrmann’s “Romeo + Juliet” and for many music productions, such as Madonna, Missy Elliott, and Beyoncé’s tours.
Legal Issues of Stefano Gabbana
The Italian government charged Dolce and Gabbana with tax evasion in 2009; they were accused of moving millions of euros in assets to Luxembourg between 2004 and 2006.
Later, in 2013, the two were found guilty of failing to declare to authorities €1 billion in income. As a result, they were sentenced to 20 months in prison each.
A formal appeal was filed, but it was dismissed in April 2014. Later that year, however, the Italian Court of Justice ruled that Dolce and Gabbana were not guilty of tax evasion.
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Disputed Statements
2015 saw controversy surrounding the Dolce & Gabbana company after Dolce referred to youngsters created through in vitro fertilisation as “fake children.”
Among other people, Elton John called for a boycott of the company, which prompted Gabbana to refer to the musician as a “Nazi.” Gabbana made an effort to put himself above his business partner’s point of view.
Gabbana made his own offensive remarks about China on Instagram in late 2018; to make matters worse, Dolce & Gabbana launched a number of social media videos using racial stereotypes.
As a result, numerous celebrities and online retailers cut links with the company, and a significant show in Shanghai was postponed. Later, Dolce & Gabbana defended itself by asserting that its account had been hacked.
Awards and Honors
Dolce and Gabbana have received a number of accolades and awards throughout the years for their contributions to fashion. In 1991, the pair took home their first fashion honor, the International Woolmark Prize.
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The French Parfum Academy awarded them the Oscar des Parfums for having the finest male fragrance of 1996 five years later. The Ambrogino Gold medal was presented to Dolce & Gabbana by the City of Milan in 2009.
Appearances in Movies Stefano Gabbana
In several movies, Stefano Gabbana has made an appearance on his own as well as with Dolce. He and Dolce appeared as extras in “The Star Maker” by Giuseppe Tornatore in 1995. In Rob Marshall’s 2009 film adaption of the musical “Nine,” the two appeared in larger cameos.
In 2012’s “To Rome with Love,” directed by Woody Allen, and 2013’s “Scatter My Ashes at Bergdorf’s,” a fashion documentary, Gabbana later made a cameo.
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Personal Life of Stefano Gabbana
Like Dolce, Gabbana is a homosexual brand. They had an open relationship and dated from 1982 through 2003. They possessed many villas on the French Riviera in addition to a 19th-century villa that they called home in Milan.
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