Everybody loves fashion. The new social media age is about showing off fashion by wearing high-end brands and labels and posting your pictures on Instagram.
Fashion, like time, is the only constant that keeps on changing. The latest trends, styles, and other elements in the market are the products the leading fashion designers give us every season. These designers work hard and explore the elements of fashion in depth. Their creative genius is everything that makes them the best in the business. Such creativity also brings them a lot of money.
Who are the Richest Fashion Designers in the World?
The hard work and dedication of these fashion designers have made them what they are today. A single design released by them becomes the talk of the town. These designers rule the fashion industry. Their outfits and accessories go straight into the closets of your favorite celebrities. They are the wealthiest fashion designers in the world today.
Kate Spade is one of the well-known labels in the fashion world. The fashion designer has a net worth of $200 million. Interestingly, Kate started her career in journalism and worked for Mademoiselle.
Five years later, she became the senior fashion editor and head of accessories. Her experience and passion for fashion convinced her to introduce her own fashion line to the world. She is the epitome of how hard work leads to success. Her bags are highly fashionable.
Jena-Paul Gaultier is known for his runway designs. He did not pursue education in the fashion industry. Instead, he shared his sketches with many couture designers. Another renowned designer, Pierre Cardin, was amazed to see them and offered him a job as an assistant.
He released his first-ever collection in 1976, and since then, there has been no going back. Today, he is known as the enfant terrible in French fashion and is the sole owner of $300 million.
3. Tom Ford
The well-known American fashion designer and film director Tom Ford has a net worth of $500 million. He earned a big portion of his wealth when he was associated with YSL and Gucci as a creative director and from his own fashion brand with the same name.
He turned around the Gucci fashion house when they were experiencing difficult times. His designs are expensive. Not everyone can buy them.
Roberto Cavalli is a popular name in the fashion world. He owns a label of the same name. This Italian designer has a net worth of $500 million, making him one of the richest fashion designers worldwide.
His career began in 1970 but started attaining fame in the 1990s. Many Hollywood stars are seen wearing his label in the prestigious award shows and events. His most recent work includes quality tailoring and leopard prints.
Owning an MK bag is nothing lesser than owning a luxury. Michael Kors is one of the wealthiest designers worldwide, living his dream of designing the best apparel and accessories for clients around the planet.
His net worth is a whopping $600 million. He started his career when his mother introduced him to the fashion world. This college dropout has been recognized by Time Magazine as one of the 100 most influential people in the world.
Vera Wang’s net worth is $650 million. She grew up in New York. She had an artistic streak in her since her very childhood. After completing her degree in art history, she started her career in Vogue.
Vera worked at Vogue for 15 long years before becoming a design director at Ralph Lauren. She soon started her bridal line. Today, she has a boutique at the Carlye Hotel on Madison Avenue, where you will find the most expensive clothes and beautiful designs.
Calvin Klein enjoys a net worth of $700 million, making him one of the affluent designers on our list. He is a famous and well-known name in the fashion industry. He developed a passion for sewing from his grandmother and practiced sketching to master the art.
From beautiful summery dresses to denim, and even innerwear, Calvin Klein is everywhere in the clothing industry.
The boss lady, Tory Burch, is among the few billionaires on our list of the richest fashion designers worldwide. Tory’s net worth ranges up to $1 billion. Such an astronomical figure is the result of her passion, hard work, and dedication.
Throughout her career, Tory has won numerous awards. Her company, Tory Burch, has 120 stores worldwide, including Los Angeles, London, New York, Rome, Seoul, and Tokyo. She is seen advocating girl power and employee women in her company.
We all know Carolina Herrera. She had been passionate about fashion ever since she was a child. During her childhood, she made clothes for her dolls. Her family moved to New York, and she decided to pursue fashion designing as her career option.
Carolina’s net worth is $1.2 billion, one of the highest on the list. In an interview, she stated that her mother was the first influence who taught her the art of transformation into elegance from a tender age.
Aerin Lauder is the heiress to the Estee Lauder fortune. She was not content to live the wealth her ancestors had brought to the company. She wanted to do more by introducing her creative side to the business. Today, Aerin Lauder is the image and style director of the company.
She has launched her own brand, Aerin, which makes perfume, cosmetics, accessories, shoes, jewelry, and clothing. Aerin Lauder’s net worth is $1.3 billion.
With a net worth of $1.5 billion, Valentino Garavani is another affluent fashion designer. He is best known as the founder of Valentino SpA. The Italian designer began his career as an apprentice for his aunt and a local designer. He soon relocated to Paris to study fashion and opened his own fashion house in Rome.
The first glimpse of success for the designer came at his first show at the Pitti Palace. He received numerous orders from foreign buyers. Soon, Valentino became one of the renowned names in the fashion industry.
Stefano Gabbana is the co-owner of the high-end label, Dolce and Gabbana, and one of the wealthiest designers in the world today. His net worth ranges up to $1.7 billion. One thing that sets him apart from his partner is that he never had fashion designing ambitions. He was a graphic design student who wanted to pursue advertising for his career.
However, destiny had other plans for Stefano. He soon realized that he is not happy with his current career choice, which made him switch to modeling. He met his partner in 1980 when they were working in Milan. Dolce and Gabbana launched in 1982 and is still ruling the fashion world.
Ralph Lauren is the founder of the Ralph Lauren Corporation and one of the richest fashion designers in the world. The brand started in 1967 selling men’s neckties, and today it has flourished as one of the high-end labels in the world.
After designing neckties for men for a while, the brand ventured into womenswear. It was 1972 when Ralph Lauren released a short-sleeve cotton shirt in 24 colors emblazoned with his now world-famous logo of a polo player. The company entered the European market in the 80s. Lauren has a chain of restaurants and Ralph Lauren Home and Paint. The net worth of the designer ranges up to $8.2 billion.
Giorgio Armani is another ruler of the fashion world who has taken the whole fashion industry by storm. The label is known as one of the most expensive and sought-after labels worldwide. Whether class, elegance, or style, Armani has it all for both genders.
The owner of the label, Giorgio Armani, enjoys a net worth of $9.6 billion. The Armani couture lines comprise Giorgio Armani, Armani Prive, and Emporio Armani, which markets the brand’s ready-to-wear clothing lines. There is even an Armani Junior for the juniors. The Armani Empire doesn’t stop here. The brand has ventured into housewares, florist service, confectionery, and hotels as well.
Who doesn’t know Prada? The brand has redefined luxury in its truest sense. The wife of Patrizio Bertelli, Miuccia Prada, is the wealthiest fashion designers on the planet today. The woman enjoys an impressive net worth of $11.1 billion. The designer took over her family’s luxury goods manufacturing business in 1978 which was previously owned by the Prada brothers.
She combined her passion for fashion with creativity and started designing waterproof backpacks until she met her husband. From thereon, the couple started acquiring other companies. The business soon turned into a powerhouse. At present, Prada is among the costliest brands in the world.
These fashion designers have built their empires after hard work, dedication, and commitment to their careers. Want to buy their products? Get ready to break your balance.
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