Italian fashion designer, Giorgio Armani has a net worth of $7.5 billion as of May 2015 according to Forbes.
He spent 2 years in medical school at the University of Piacenza before dropping out in 1957 to take a job as a department store buyer. He went on to become a seller for the menswear department, in which capacity he gained valuable experience in the marketing aspect of the fashion industry.
In the mid-1960s, Armani moved to the Nino Cerruti company, for which he designed menswear. He is known today for his clean, tailored lines. He formed his company, Armani, in 1975, and by 2001 was acclaimed as the most successful designer to come out of Italy, with an annual turnover of $1.6 billion. The designer to the stars also markets perfume, baby clothes, home decor and expensive watches. The designer has licensed his name for a string of hotels; Dubai’s Burj Khalifa hotel opened in 2010 and the 96-room Hotel Armani Milan opened in November 2011.