This post is one of several on business heirs apparent. Let us know in the comments whether you think Allegra Versace should take up the reigns of Versace, and be sure to check out the other heir apparent posts.

Allegra Versace was eleven years old when her uncle Gianni was murdered at his Florida villa. The fashion industry icon and founder of the Versace empire left half of his fortune to Allegra, with whom he had been especially close. "My children were his children," said Allegra's mother, Donatella Versace. "He was always with Allegra. Since she was nine years old she would go to museums with him. ... She would sit with him and go through art books. ... It was adorable. She was such an amazing, special little girl."

On her 18th birthday, Gianni's "little princess" came into her inheritance, worth $700 million and including real estate holdings worldwide. Donatella had protected Allegra from the media, but even all grown up Allegra has had little to say publicly about how she felt about the loss of her beloved uncle or about what she planned to do with the family firm. The Versace Group made it clear, however, that Donatella and Allegra Versace would bring a new face to the Versace label, which had struggled since the loss of its founder.

Continue reading Heir apparent: Allegra Versace outgrows the fairy tale

Heir apparent: Allegra Versace outgrows the fairy tale originally appeared on BloggingStocks on Fri, 21 Mar 2008 14:40:00 EST. Please see our terms for use of feeds.