In 1994, he spent five weeks in prison for failing to pay alimony and child support to his second wife Jenny Garwood and their daughter. Paolo Gucci died in London on October 10, 1995, at age 64 of chronic hepatitis in the midst of divorce proceedings.
Paolo Gucci (Jared Leto)
His father, Aldo, had given 10% of his 50% stake in the company to his three sons, allocating 3.3% to each of them.
According to Meaww, Alessandra and Allegra Gucci are worth $400 million after the death of their father, who was worth around the same amount when he died.
Guccio Gucci divided his wealth among his sons. However, only Aldo and Rodolfo ran the company until the 1980s. Then, Rodolfo welcomed Maurizio Gucci, who sold his entire share of the Gucci stock. However, his children Alessandra and Allegra inherited his wealth.
Unfortunately, he was never able to launch the “Paolo Gucci” label. Shortly after he was granted the right to use his name for his line, he left the fashion world. In 1980, he stopped working with the family business altogether, and in 1987, he sold all his remaining shares in the Gucci company for $45 million.
She is alive and works at Bozart
She lives in Milan. However, the celebrity confirmed that she no longer wanted to work at Gucci. However, in 2016, she said that her work at Bozart was advising the design team and reading the fashion magazine to keep up with trends and test drive the creations.
From 1991 to 1993, Gucci's finances were in the red. Maurizio Gucci was blamed for spending extravagantly on the company's headquarters in Florence and Milan. He went on to sell his remaining company stock in 1993 for $170 million to Investcorp, ending the Gucci family's association with the company.
In 1994, she officially divorced Gucci. As part of the divorce settlement, Gucci agreed to pay Patrizia an annual alimony of $1.47 million. By law, she was no longer allowed to use the Gucci surname, but she continued to do so anyway, stating, "I still feel like a Gucci – in fact, the most Gucci of them all."
After Reggiani went free, a Milan appeals court ruled that, despite her conviction for her husband's murder, Reggiani was entitled to receive an annuity of $1.2 million from his estate, as well as back payments for her time in prison, totaling more than $20 million.
The short answer is, allegedly, no. Though the sisters were extremely close to their mother throughout childhood, over the years, their relationship has taken a turn for the worse. In a 2016 interview, Reggiani revealed that her daughters cut ties with her entirely.
According to Meaww, Alessandra and Allegra Gucci are worth $400 million after the death of their father, who was worth around the same amount when he died. The daughters were given control of their father's estate after their mother was found guilty of his murder in 1997.
In reality, the mother of Adam Driver's perfectly cast character was named Sandra. However, in real life, the pair had two daughters. House of Gucci streamlined the story by removing Patrizia and Maurizio's daughter Allegra from the picture. Both Alessandra and Allegra live in Switzerland with their families now.
Gucci left Reggiani in 1985.
Reggiani alleges that their relationship went downhill after Rodolfo's death in 1983, when Maurizio became a 50% shareholder in the family company. By this point, Reggiani was also working at Gucci as Maurizio's chief advisor, and her “constant meddling” put a strain on their marriage.
Gucci is owned by the French holding company Kering, which purchased an $8.8 billion stake in the iconic Italian fashion brand in 2004. Artémis, the investment firm of the Pinault family led by François Pinault, is Kering's leading shareholder and holds a majority share in the company through its parent organization.
Two years after his death, Patrizia was arrested and accused of hiring the hitman that murdered Maurizio. Patrizia's arrest came after an anonymous tip to police in January 1997.
It wasn't enough that Lady Gaga admired how Ridley Scott edited the movie. No matter how well the post-production was, the Gucci family still disapproved of most of the film's narratives. However, the Gucci family did not make massively negative comments about Lady Gaga as they intensely dislike Patrizia.
Paola Franchi quick facts
Did Paola Franchi get any money? No, she did not get any money because she wasn't married to Gucci at the time of his passing.
Most curious might be the life of Maurizio's daughter, Alessandra Gucci, who inherited her father's US$400 million estate along with her sister Allegra.
Patrizia Reggiani was jailed in 1998 after being found guilty of paying a hit man the lire equivalent of $415,000 to murder her 46-year-old ex-husband Maurizio Gucci, the multi-millionaire heir to the fashion business.
Patrizia confirmed at the time that she hadn't spoken to Alessandra and Allegra much since she was released from prison after she was charged for the of their father. “We are going through a bad time now,” she said. “They don't understand me and have cut off my financial support.
In 1987, Paolo sold all his shares in Gucci to Investcorp for $42.5 million. Due to spending extravagant amounts of money and bad business decisions, he filed for bankruptcy in 1993.
Investcorp bought the remaining 50% of Guccio Gucci S.p.A. from Maurizio Gucci in 1993, ending the family involvement in the group. In March 1995, Maurizio Gucci was shot dead in the lobby of Gucci's Milan office. His ex-wife Patrizia Reggiani served 16 years in jail for hiring the hitman to murder him.
The short answer is: yes. Although how much of it will be fictionalized remains to be seen, Maurizio Gucci and Patrizia Reggiani were both real people—and Patrizia, now in her 70s, is still alive today. But the twists and turns of their relationship are nothing short of shocking.