Following the tragic murder of founder Gianni Versace in 1997, his estate and financial fortune were distributed primarily among his family members according to his final will. His niece, Allegra Versace (daughter of Donatella Versace), inherited a massive 50 percent controlling stake in the Versace fashion empire upon turning 18, while her brother Daniel inherited an extensive collection of valuable art, and his sister Donatella inherited a significant corporate share alongside her executive responsibilities.