GIANNI VERSACE – MIAMI BEACH, $32 MILLION

Giovanni Maria Versace, or better known as Gianni Versace, was a world-famous Italian fashion designer who founded the luxury brand Versace. His company produces clothes, accessories, fragrances, make-up, fragrances, and home furnishings. As the majority shareholder of Versace, it was estimated that he had a net worth of $800 million back in 2017. Aside from this business venture, Gianni was also credited to be one of the first designers to connect the fashion industry with the music industry as he was a costume designer for theatre and films.

Sadly, on July 15, 1997, Gianni passed away at his Miami mansion. This mansion is reported to be worth $32 million at the time it was acquired and renovated. Nowadays, it is a hotel where tourists and locals can spend the night for $749. The Victor Hotels Group has paid $41.5 million for the acquisition of the property.