Allegra Versace was eleven years old when her uncle Gianni Versace was fatally shot outside his Miami mansion in July 1997. Her mother immediately sought counseling for her. On her 18th birthday, she received 50% ownership of Gianni Versace S. p. A. . Allegra's uncle Santo Versace already owned 30% of the fashion empire, and her mother already owned 20%, but due to a long-standing disagreement between the two, the remaining 50% of the Versace empire was willed by Gianni to Allegra. Allegra instantly became worth hundreds of millions of dollars, and now has an estimated net worth of US$800 million.