The villa belonged to the Mondadori family, owner of the editorial group of the same name, who bought it in the 1920s.
The residence received the visit of many celebrities such as Walt Disney, George Simenon or Thomas Mann, who left their signature on the wall above the fireplace.
The 1,400-square-meter property is located on the lake in northern Italy and has a large garden with a swimming pool and 50 rooms, of which 20 rooms and 12 bathrooms, said the real estate agency Engel & Valkers, which acted as a consultant in this transaction.
The Versace family sold its fashion house to American group Michael Kors in September for $ 1.83 billion ($ 2.1 billion).
Donatella Versace remains an artistic director of the house founded in 1978 by her brothers Gianni and Santo, but also a shareholder of Capri Holdings Limited, the new name of Michael Kors’ company. The Versace family actually reinvested the 150 million euros received from the sale in this company.
Versace has so far owned 20% of the American fund BlackRock, the rest of the shares remaining in the family.
Known for its luxurious collections, Versace is an emblem of Italian fashion.