Rags Brought Riches To Guess Co-Founder Georges Marciano, But Now He Faces Ruin

03/18/2010 05:12 am ET | Updated May 25, 2011

The buses that ferry tourists past the homes of celebrities used to slow to a roll outside a Beverly Hills mansion with 11 Ferraris parked just inside the gates. Georges Marciano lives here, the gawking customers were told. You know, Guess Jeans.

A knowledgeable guide might have gone on to describe Marciano as a classic American success story -- a poor immigrant who amassed a fortune through hard work and business savvy. The guide might have noted Marciano's two other palatial residences on Sunset Boulevard, his Boeing 737, the art collection boasting works by Marc Chagall and Ed Ruscha, the cellar of priceless wines, the homes in Utah and France, and his self-financed if little-noticed campaign for governor.

These days, there is no reason for the buses to stop. The Ferraris are gone. Creditors have laid claim to Marciano's assets. The gubernatorial campaign is dormant, and the great man himself has disappeared.


Suggest a correction