Guccio Gucci: Career, Children, and Net Worth

Quick Facts

Guccio Gucci was a well-known fashion designer from Florence, Italy, and the creator of the ‘Gucci’ fashion house. His father worked as a leatherworker in a small town. Moreover, Guccio Gucci established the company in 1921 in Tuscany. When it comes to fashion, Gucci is one of the most well-known names in the world.

Career

Guccio Gucci worked as a lift boy at the Savoy Hotel in London as a teenager in the early 1900s. The stylish upper-class guests, as well as baggage firms like H.J. Cave & Sons, inspired him.

He returned to Florence after that and began creating travel bags and accessories. Moreover, in 1921, he launched the House of Gucci as a small family-owned leather saddlery firm in Florence.

Furthermore, he began selling leather bags to horse riders the same year.

He quickly established a reputation for quality as a young man, hiring the greatest craftsman he could find to operate in his workshop. As a result, Gucci expanded his business to Rome in 1938.

When his sons Aldo, Vasco, Ugo, and Rodolfo, a former actress, came on board, his one-person operation became a family affair.

Gucci founded their first store in Milan in 1951, and two years later, the company expanded internationally with the opening of a location in Manhattan.

Guccio Gucci Personal Life

His wife was Aida Calvelli, with whom he had six children. Moroever, his sons are named Vasco, Aldo, Ugo, and Rodolfo.

Moreover, his children are also a part of the organization.

Furthermore, Guccio Gucci lived at his family mansion near Rusper, West Sussex, England, until he died in 1953.

Death and Legacy

Following his death, his sons took over the company, with Rodolfo in charge of operations in Milan, Vasco in charge of operations in Florence, and Aldo in charge of the overseas branch in New York.

Even after his demise, the brand he founded flourished and produced famous designs yearly. Moreover, Guccio’s sons altered the company’s logo to a double interlocked “G” that represents Guccio Gucci’s name.

Furthermore, in the mid-1960s, the company opened stores across Europe and America. By the 1970s, the company had expanded throughout Asia, Australia, and the rest of the world.

In response to consumer demand, they expanded their offering to include ready-to-wear clothing and accessories.

In the 1980s, Rodolfo handed over the company’s administration to his son, Maurizio. As a result, Gucci transformed it into a public limited business.

Later, it had to be sold to Investcorp, an international investment firm that bought the majority of the company’s shares in 1993.

The company eventually went public and employed several well-known CEOs. In addition, it was awarded the world’s most coveted luxury brand by ‘Nielsen’ in 2007.

Furthermore, the brand is currently engaged in a war against counterfeits to maintain its exclusivity.

Guccio Gucci Net Worth and Awards

According to a poll, Guccio Gucci is among the most powerful individuals in the fashion sector, with a net worth of $58 million.

Guccio’s brand has received multiple accolades, even though he hasn’t won any.

Also Read: Top 10 Richest People in the world with full biography and details.