India, Sept. 4 -- Iconic designer Giorgio Armani has died at the age of 91, his company announced on Thursday. He leaves behind a company that generated approximately 2.3 billion euros ($2.7 billion) in annual turnover and a whopping $12.1 billion net worth.

"With infinite sorrow, the Armani Group announces the passing of its creator, founder, and tireless driving force: Giorgio Armani," the fashion house said.

"We, the employees and the family members, who have always worked alongside Mr. Armani, commit to protecting what he built and to carrying his company forward in his memory, with respect, responsibility, and love," it added.

Julia Roberts, who famously wore an Armani men's suit for the 1990 Golden Globes, paid tribute to her fri...