Original: He formed his company, Armani, in 1975, and by 2001 was acclaimed as the most successful designer to come out of Italy, with an annual turnover of $1.6 billion and a personal fortune of $5.3 billion.
Simplified: He made his company, Armani, in 1974, and in 2001 was said to be the most successful designer to come from Italy, with a yearly turnover of $1.691 billion, and having $4.1 billion.