Fashion is a vigorous as well as a flamboyant industry which offers extraordinary opportunities and fortunes to those who wants to earn big. People generally think that there is not a big deal to design clothes and establish one’s brand. This is a myth, in fact, it takes a lot of labour and constancy to build a badge of your company. There is a vigorous demand for clothes in today’s modern world. Everyone wants to look perfect and try to walk with the ongoing fashion. So certainly, there’s a lot of opportunities to be made in the fashion industry.
The big celebrities clothes and costumes are mainly focussed as ‘who is she or wearing’? That becomes the most applauding moment for the fashion designer. Though their shines moment is when they go and have a look at their account. Still, every fashion designer is not so rich in the fashion world while some of them touched the zenith.
Here I have listed top 10 names of the fashion designer from all over the world who earns in billions from their invention:
10. Tory Burch – Net worth- $1 billion
Tony Burch was born in the very rich family and got her education from the Pennsylvania University in Arts. From the year 2004, she started distributing her designed costumes in the entire world with the self-titled label. Her journey was not that difficult as compared to other designers. She worked with great designers like Polo Ralph Lauren and Vera wang until 2004. She sells her brand collection to 3000 stores over the world. She was engaged to Pierre Yves Roussel in the year 2016 who is the head of famous LVMH fashion group. This group handles big brands such as DKNY, Marc Jacobs. It is pretty sure her net worth will get increased once she gets married.
9. Sara Blakely- Net worth- $1 billion
Sara has grown from nothing to a very big personality. Before she used to sell her fax machines going door to door in Georgia. She has solved the problem by inventing simple and sober products that can be worn commonly. Her journey started from redesigning her own pantyhose as she doesn’t like it and got an idea to invent something that will solve the problems of the people wearing pantyhose. This idea blows her to towards incredible success path. She is one of the influential people for the people who are still struggling to find a worthy place in the world.
8. Michael Kors- Net worth- $1 billion
Michael Kors started his career selling dresses at the age of 10. Looking his dresses the fashion school of technology, new york enrolled him at the tender age of 18. However, he thought that the school will do no good if he wants to do something big. He left his school and opened a small shop until fashion director of Bergdorf Goodman saw his work and designs. He immediately made a contract to sell Michael clothes. Koras ended up being bankrupted in 1993 but despite it, he continued to work hard and eventually today he is one of the successful billionaire designers in the world.
7. Aerin Lauder- Net worth- $1.3 billion
Aerin is a grand daughter of a very famous brand designer Estée Lauder. She paved a way to his grand father brand and continued to build it as her grand father wanted to. She got her education from the University of Pennsylvania where she studied communications and business. She then launched her brand Aerin which have perfumes, jewelry, clothing, makeup and other accessories.
Recently she started on expanding her business of furniture with Lauder name. She has a very luxurious estate in New York and a grand home in Aspen Colorado where she loves to stay hustle free from city life.
6. Stefano Gabbana- Net worth – $1.6 billion
In the year 1980, Stefano began to show the world his self-made designs. He met Dolce at the bar through the latter’s employer and within the time of 2 years they did something big. They jointly founded the company and named it Dolce&Gabbana; in the year 1983. Their exuberant designs are very much fascinating and have the presence of the previous tradition. The 2 pairs had better incorporating sales than Prada or Armani. their biggest achievement was when they designed clothes for the great movie- Romeo and Juliet. They both were sent to jail in 2013 for 20 months imprisonment when found convicted of tax evasion.
5. Domenico Dolce- Net worth- $1.6 billion
This is the elder of the two pair Dolce and Gabbana. He was a fabric maker and a tailor in his initial years. He had a dream to work in Armani and so he studied fashion designing. He jointly worked with Giorgio Correggiari before he met Gabbana and luckily, Dolce met Gabbana in Milan, Italy. They started with their brand and never looked back. Their brand made clothes for big celebrities like Madonna and Angelina Jolie. The pair won many awards for the Best fragrance perfumes in 1990’s.
4. Renzo Rosso- Net worth- $3.1 billion
Renzo was born in Veneto, far away from the world of fashion. During the oil crises in 1970 diesel was used by the people as an alternative fuel and that eventually was the name given by Rosso to his brand- Diesel. This brand is of very splendid quality and can be found easily in malls in the entire world. He is the owner of another group who produces brands Viktor &Rolf; and Marni Known as – the brave fashion group which is the another source responsible such an inconceivable net worth.
He holds a magnificent diesel farm near the company main headquarters where he owned great olives and grapes vineyard. Renzo also owns one of the worlds beautiful hotel -‘The Pelican’ which is a masterpiece of an Art Deco on the beach of Miami.
3. Miuccia Prada- Net worth- $4.2 billion
Miuccia is the youngest grand daughter of Mario Prada and held the firms of the company in her own hands in the year 1978. She made the future of the company to its marvelous success. She recently launched her another brand named Miu Miu.
Initially, she wanted to become a mime but later joined her grandfathers business and within 10 years she made her own brand of luxurious bags. However, she had to move her company headquarters from Netherlands to Luxembourg due to badly hit with tax evasion.
2. Ralph Lauren- Net worth- $6.9 billion
He was born in Bronx, New York and known by the name Ralph Lifschitz. He used to sell ties to his schoolmates. After his high school he decided to join the army but inspired by the new opportunity of making wider ties and his designs were luckily caught by Neiman Marcus team. They started with him with a brand name known as polo and it swiftly finds its place in every corner of the world.
1. Giorgio Armani- Net worth – $7.5 billion
The world richest designer according to the research. He is a man to be considered as a pioneer of the fashion world. He joined the army in his native Italy in the year 1953. He became the sales person later on and started firstly with Nino Cerruti before starting his own brand.
Most of these designers starting from nothing and with their skills and credence to develop something big has made them billionaires. Yet most designers are struggling to find a place in this glamor and alluring fashion world but to turn billionaire over a night is not granted in everyone’s destiny.
“Building a brand is hard but not impossible”. Maybe decades after you will hear your name on this list.