Giorgio Armani (Italian pronunciation: [ˈdʒordʒo arˈmaːni]; born 11 July 1934) is an Italian fashion designer, particularly noted for his menswear. He is known today for his clean, tailored lines. He formed his company, Armani, in 1975, and by 2001 was acclaimed as the most successful designer that Italy has produced, with an annual turnover of $1.6 billion and a personal fortune of $8.5 billion as of 2013. He is credited with pioneering red-carpet fashion.