From her days as her late brother Gianni's 'muse and critic' back in 1993, through to Lady Gaga's inspiration in 2015 (Gaga wrote the song Donatella from her 2013 album Artpop for her), her image is one that has stood the test of time.
Yet she revealed to Harpers Bazaar the pain and worry of that time.
Yet while Donatella is the undisputed queen of her fashion empire, it is her daughter Allegra, 28, - with model and Versace executive Paul Beck - who holds the power, as when Gianni Versace died he left his shares in the company (50 per cent) to his niece.
An older sister, Tina, died at the age of twelve from an improperly treated tetanus infection.
In the mid-1970s, Donatella followed her older brother, Giovanni ("Gianni"), to pursue knitwear design in Florence, Italy.
She was born in the Italian city of Reggio Calabria, the youngest of four children in her family.
Her father was a personal financier to the Italian aristocracy.
New York does feature as a filming location in the film but it is believed Allen has tired of filming in New York, hence the existence of European locations in his recent work.
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Gianni Versace introduced the world with an iconic fashion line series with her own name labeled on it which is a global fashion statement till today's date.
After a long journey of her career, Donatella became the vice-president of Versace.
After the graduation from Florence University in the Seventies, Donatella joined Gianni's fledgling fashion company as a fashion designer.
When Donatella's late brother, Gianni Versace started his own fashion company in Milan, she was right there by his side and organized many fashion shows and advertising campaigns.
She had planned to work for her brother in the public relations department, but was more valuable to Gianni as a "muse and critic", according to her during an interview with Vogue.