Fashion Is a dynamic industry offering high income opportunities to those willing to work hard to build their name. Many people are convinced that you can sell any wardrobe item and get rich right away. This is a myth, although several designers have been fortunate in this way. As a rule, in order to create your own fashion brand and become the owner of a profitable enterprise, you need to work hard and hard.
People always buy clothes, it's true, and it looks like this need will never go away. However, not everyone is as famous and wealthy in the fashion world as the designers listed below. We present you with a list of the 10 richest fashion designers. They are the most successful and make billions from their creations.
10. Sara Blakely
Billionaire Sarah Blakely is the owner of the brand Spanks, representing the collection of shapewear underwear
When she was 29, she sold fax machines from door to door. Since she didn't like the tights she was wearing, she decided to change their design. From that moment on, her journey began to become one of the most successful fashion designers and one of the richest women designers. She is also one of the few self-made billionaires that the world can now be proud of. Her fortune is $ 1 billion.
9. Tory Birch
President, CEO and Designer at Tory Burch LLC / Her journey to fame was much easier compared to others as she was born into a wealthy family. She graduated from the University of Pennsylvania and worked with Polo Ralph Lauren and Vera Wong in New York for a time until she started building her own brand in 2004.
While Oprah's public endorsement has helped her "grow", there is definitely a lot of dedication and quality behind her work. She is now a billionaire and has been named 79th Most Powerful Women by Forbes.
8. Michael Kors
Kors went bankrupt in 1993. Designers have many ups and downs that, unfortunately, many of us are unaware of. Michael Kors started selling dresses at the age of 10 and enrolled in a fashion school at 18. However, he thought the school might be holding him back, so he left it and opened his own small shop across from Bergdorf Goodman.
Despite bankruptcy, he was able to bounce back and is now one of several successful billionaire designers in the world with a fortune of $ 1 billion.
7. Erin Lauder
Erin was the heiress of the famous Este Lauder company, founded by her grandparents. Having inherited the company, she did not settle for just resting on her laurels as a member of the board. She studied public relations at the University of Pennsylvania, but then launched her own brand called Erin.
It includes perfumery, jewelry, accessories, clothing and makeup. Erin Lauder is also the Style and Image Director at Este Lauder. Her income is $ 1.3 billion.
6. Domenico Dolce
As the name suggests, Dolce is half of the world famous and highly regarded design partnership called Dolce and Gabbana. He also dropped out of fashion school and met Stefano Gabbana in Milan, Italy, where he worked as a design assistant. They began to cooperate and since then they have only gone forward, not looking back.
The fashion house has designed clothes for celebrities such as Madonna, and has also designed a costume for the movie Romeo + Juliet. Thanks to the highly profitable company, Dolce's fortune is currently at $ 1.6 billion.
5. Stefano Gabbana
The other half of the above company is Stefano Gabbana, who, together with Dominico Dolce, presented the first collection in 1985, which was a good start. To a large extent, they owe their success to the collaboration with Madonna, who was extremely popular at the time. Their flamboyant designs have been described as captivating and carrying the touch of the previous decade. Gabban's fortune is estimated at $ 1.6 billion.
4. Renzo Rosso
Rosso was born in Venetto, quite far from the center of world fashion in Italy, Milan. During the oil crisis of the 70s, diesel fuel was recognized as an alternative. This definitely sparked a boom in Rosso's denim. His jeans with the Diesel brand were named the alternative jeans for being born in the same era.
Today, Rosso's brands are so much more than jeans, he also owns small boutiques including One the Brave and Marnie. His fortune is $ 3.1 billion.
3. Miuccia Prada
Youngest granddaughter of Mario Prada, who inherited the company in 1978. From that moment on, she led the company to unprecedented success. Miuccia Prada has also launched her own project called Miu Miu, which tries to please everyone looking for the avant-garde in fashion. Her fortune is $ 4.2 billion.
2. Ralph Lauren
The same fashion house that created the dress for First Lady Melania Trump on the occasion of Donald Trump's presidential inauguration. Born in the Bronx, New York, he started small, selling his own neckties to his high school buddies. He continued to do this until the age of 25, when his European style of design caught the eye of Neumann Markus, who became his first important client.
During this time, Ralph Lauren worked as a salesman for a tie company. Lauren dreamed of becoming a millionaire since his youth, and with his fortune of $ 6.9 billion, it seems that this dream has come true.
1.Giorgio Armani
According to research, the richest fashion designer in the world is Giorgio Armani. The Armani brand, created in 1975, and fashion are interchangeable today. The Italian brand is a global superproduction that was originally owned by a medical student. He spent some time in the army, then went to work in a department store in Milan, first as a window designer, then as a salesman. Before starting his own fashion brand, Armani worked for Nino Cerruti. His work at the bottom of the industry gave him an insight into it and proved to be an advantage in building the current $ 8.5 billion empire. Armani's personal fortune is $ 7.5 billion.
Very few fashion brand owners have inherited their fortunes. Most of them started from scratch and had to work hard and hard to get where they are now. There is no doubt that fashion and glamor are very tempting for any entrepreneur, especially if they also have a talent for fashion, but becoming rich overnight is a luxury that fate gives few. Although it is difficult to build a brand from the start, it is not impossible.
We recommend watching:
The video will tell you about ten of the most famous fashion designers on the planet, with a short history of their success and a showcase of their exquisite creations:
