Domenico Dolce e Stefano Gabbana
If there is one fashion label that has survived challenging times and came out victorious, it would be Dolce and Gabbana. A few years back, the Italian fashion house was sued for tax evasion for failing to file tax declaration but last quarter of last year the duo was cleared out and still continues to be one of the most respected fashion empires.
Domenico Dolce (born August 13, 1958, in Palermo) and Stefano Gabbana (born November 14, 1962, in Milan) met when they were working for the same fashion designer in Milan.
They held their first solo womenswear show in 1986, but it was not until Madonna endorsed one of their shirts a present from her then beau Warren Beatty in her movie Truth Or Dare: In Bed With Madonna, that they started to become known to a wider audience.
Slowly, the pair launched other product lines, including knitwear and accessories, and gained notoriety particularly for their sensual dresses and menswear, which won them the 1991 Woolmark Prize.
In the early 1990s, pop star Madonna selected them as her costume designers for her Girlie world tour, and wore one of their jewel-encrusted corsets to the Cannes Film Festival.
Throughout the ‘90s, the duo were famed for their overtly feminine, colourful garments, which stood in stark contrast to the wave of minimalism that was sweeping across fashion at the time.
“Dolce & Gabbana” is one of the wealthiest fashion houses in the world with an estimated net worth of $5.3 billion. Revenues from the women’s clothing and accessories section forms the backbone of the company’s income stream.
Even the men’s clothing line has shown a healthy revenue growth in the past few years. Domenico Dolce’s individual net worth has been put at $2.2 billion and Stefano Gabbana’s personal bank balance stands at $2.1 billion.
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