A fashion empire, mansions, luxury yacht… Who shall inherit Valentino’s riches?

Valentino Garavani, iconic Italian fashion designer, has died at age 93 in Rome, prompting tributes from celebrities and industry leaders. Valentino built a billion-dollar global fashion empire, dressing Hollywood stars, royals, and First Ladies, and was known for his signature "Valentino Red." His estate, reportedly worth $1.5 billion, is believed to be managed through private trusts with longtime partner Giancarlo Giammetti playing a key stewardship role.