How did Gucci get around the inheritance tax?
Gucci was accused of having arranged the falsification of the signature on the documents to avoid paying inheritance taxes by making it appear that his father, Rodolfo, transferred ownership of the shares before his death in 1983. Gucci's ownership of the shares was not in question, only when the transfer was made.
Maurizio Gucci was blamed for spending extravagant amounts of money on the company's headquarters in Florence and Milan. He went on to sell his remaining stock in Gucci in 1993 for $170 million to Investcorp, ending the Gucci family's association with the company.
Ridley Scott's "House of Gucci" has divided critics with its over-the-top performances and Italian accents straight out of "Super Mario." But the soapy, meme-able drama is actually fairly accurate in its depiction of Patrizia Reggiani (Lady Gaga), who was convicted of hiring a hitman to kill her ex-husband Maurizio ...
Most curious might be the life of Maurizio's daughter, Alessandra Gucci, who inherited her father's US$400 million estate along with her sister Allegra. Reggiani revealed that her daughters had cut ties with her in a 2016 interview with The Guardian.
In 1994, she officially divorced Gucci. As part of the divorce settlement, Gucci agreed to pay Patrizia an annual alimony of $1.47 million.
In 1990, Maurizio started dating Paola Franchi, a childhood friend who attended his wedding to Patrizia. Maurizio and Patrizia finalized their divorce in 1994. As part of their settlement, Maurizio agreed to pay Patrizia an annual alimony of $1.47 million.
Patrizia's arrest came after an anonymous tip to police in January 1997. According to prosecutors, Patrizia—who was nicknamed the “Black Widow” in the media—had a motive to kill her husband due to the believed jealousy and resentment she had toward him at the time.
Patrizia had been rich all her life, living in extravagant homes in Milan, San Moritz, and New York City, but it wasn't enough, and she hired a handful of blue-collar workers to do her barbaric bidding. On November 3, 1998, Patrizia and her accomplices were found guilty, and she was sentenced to 29 years in prison.
The short answer is, allegedly, no. Though the sisters were extremely close to their mother throughout childhood, over the years, their relationship has taken a turn for the worse. In a 2016 interview, Reggiani revealed that her daughters cut ties with her entirely.
Patrizia Reggiani Goes To Prison
Authorities wiretapped their phones and caught them chatting about the hit, leading to the arrest of four people and a highly-publicized trial in 1998. While she denied it in court, Reggiani had paid her friend Giuseppina Auriemma $365,000 to find a hitman.
Does the Gucci family still get money from Gucci?
The case went to Italy's Supreme Court and Patrizia won. The judge ruled that Patrizia will continue to receive her annual alimony of $1.47 million because, before his death, Maurizio had signed documents n which he agreed to pay her the sum for the rest of her life.
The Gucci family has not been involved with the Gucci fashion house since 1993, when Maurizio sold his remaining stake to the Bahrain-based company, Investcorp. It was later bought by the French group PPR, which is now Kering.
In reality, Guccio Gucci had five sons and one daughter named Grimalda. Grimalda spent years working for Gucci; however, upon her father's death all of her brothers were given a share of the Gucci inheritance, and she was left out.
Since Paola and Maurizio weren't married at the time of his passing, she didn't inherit any of his fortune. She was branded a glamorous gold digger by the media, but according to her, the relationship was always genuinely about love rather than finances.
With the authorities tipped off by his own son Paolo, Aldo was sentenced to one year and one day for tax evasion in an American prison in 1986 at the age of 81. In 1989, he sold his shares in Gucci and died one year later.
In 1992, not long after her divorce from Gucci, Reggiani began suffering from debilitating headaches. She was diagnosed with a malignant brain tumor and underwent surgery to remove it—but the tumor turned out to be benign.
The Gucci family has not been involved with the Gucci fashion house since 1993, when Maurizio sold his remaining stake to the Bahrain-based company, Investcorp. It was later bought by the French group PPR, which is now Kering.
Patrizia's arrest came after an anonymous tip to police in January 1997. According to prosecutors, Patrizia—who was nicknamed the “Black Widow” in the media—had a motive to kill her husband due to the believed jealousy and resentment she had toward him at the time.
Alessandra and Allegra Gucci are still living large
Alessandra and Allegra Gucci were 18 and 14 years old when their father, Maurizio Gucci, was killed by a hitman who was hired by their mother, Patrizia Reggiani.
While they were still together, Maurizio had a yearslong affair with a woman named Sheree McLaughlin, which, in part, prompted to him leave Reggiani. Allegedly, Maurizio packed his bags, told Reggiani he was going on a business trip, and never returned.
