Gianluca Vacchi is reported to be drowning in a sea of debt

By August 11, 2017

Italian millionaire Gianluca Vacchi, who has recently been seen dating Colombian bombshell Ariadna Gutiérrez, has been plagued by persistent rumors with regard to his debts.  According to Italian magazines “Corriere Della Sera” and “News X”, Vacchi has lost several properties with values in excess of several million dollars, and still owes more than 60 million euros in bank loans.

In addition to his properties, BMP bank seized several of Vacchi’s yachts, villas, and stocks valued at $10 million dollars. He still owes more than $30 million to the bank, in addition to other debts.

Vacci is known for living a lavish lifestyle, frequently posting photos and videos on his Instagram account for his more than 11 million followers. Critics however have alleged that many of these are fake, paid followers, citing as evidence the small portion of likes that his posts receive given the number of followers.

Many have also questioned how Vacchi can afford to live such a lavish lifestyle, given that his yearly income is reported to be less than $5 million dollars.

Vacchi is a popular figure in Colombia, in part due to his relationship with former Miss Colombia Ariadna Gutiérrez. He also boasts a strong friendship with Colombian reggaetón singer J. Balvin.

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