Building names through fashion industry are very common, as it provides the lucrative opportunity for hard workers. Some believe that by selling clothes, you become rich.
Merely sounds a myth, many people worked hard and got this; it also depends on their luck. Building own fashion brand needs consistency that pays to the entrepreneur later. Demand for clothing never goes down, but only a few dress designers get fame. Some of the richest fashion designers, who earned billions from their fashion brands, you will see here:
Giorgio Armani
He is the world’s wealthiest fashion designer. Armani and fashion go side by side, the Italian label is a powerhouse and the founder, at the start was a medical student.
He went to the army for some time and then worked as a window dresser and salesman in Milan. Nino Cerruti was the first person, Armani worked for. Later, he started his brand, and fashion industry offered him the opportunity to build $8.5 billion Empire and his wealth is about $7.5 billion. By this, he is in the richest fashion designers.
Sara Blakely
A self-made billionaire, Blakely was 29, when she used to sell fax machines. Her thoughts to redesign pantyhose made her a designer since she did not like its design.
She is the wealthiest female designers, and the idea she floated was not just crazy but also eccentric. She did not use stylized tactics like hanging over cobweb and cotton stuffed snakes. With the implementation of her thoughts, she became so lucky that her net worth reached to $1 billion.
Michael Kors
Who does not know about Michael Kors? In 1993, he went bankrupt. In every legend’s life, some unfortunate situations occur, and less of us acknowledge that.
At the age of 10, he started selling dresses and at the age of 18 admitted in fashion school. Later, he left school and launched a small store at Bergdorf Goodman 57th street. There, director of Big name’s eyes found his work, so he bounced back. He is a billionaire with net earnings $1 billion. The big name is in the richest fashion designers list.
Tory Burch
Rich people, if work hard, find it easy to get fame as compared to the rest. Same is the case with Burch. Her graduation was from Pennsylvania.
Later, she worked some time with Vera Wang and Polo Ralph Lauren in New York. In 2004, she started her fashion label, and Oprah acclamation helped her nurture. With sound quality as well as hard work, she became the billionaire and ranked 79th dominant ladies under Forbes.
Aerin Lauder
She is the heir of renowned Estee Lauder, led by her ancestors. She was not contented with this inheritance and involved as a board member.
She went to Pennsylvania University in communications and prepared her brand, named Aerin. It was about jewelry, perfume, clothing, accessories, and makeup. She is the image director at Estee Lauder, and net worth is $1.3 billion. Working in fashion industry with devotion made her fall in the richest fashion designers list.
Stefano Gabbana
The Company above’s half is Stefano Gabbana, who along with Domenico Dolce launched the first collection in 1985 and got the great response.
By that time, Madonna was extraordinarily famous and was in partnership with them. The flamboyant designs contain last decade’s touch. The net worth of a company is $1.6 billion.
Renzo Rosso
He was born in a faraway place in Milan, Veneto, which was a famous fashion hub. When the oil crises occurred in 1970, diesel nominated as the substitute fuel.
This accelerated the creation of Rosso, denim. That jeans brand got the label of Diesel in the same era. Rosso’s brands have taken place larger than jeans and ruling on high-end stores such as Marni and Brave. The net worth of brand is $1.3 billion.
Domenico Dolce
He is a world famous and highly commended partner at Dolce and Gabbana. He dropped out of a fashion school and in Milan, he saw Stefano Gabbana, who worked as the assistant of a designer in Italy.
The partnership made their ways, and in their design house, celebrities’ costumes designed such as Romeo Juliet movie and for Madonna. With highest earnings, the company’s worth is $1.6 billion.
Ralph Lauren
The credit holder of making a dress for Melania Trump for the presidential inauguration ceremony is the design house by Lauren. In the Bronx, he born and in New York, he started selling ties to the classmates.
Till the mid-twenties, he worked, until this European style noticed by Neiman Marcus and he became his first client. He was working as the salesman by that time. This was the way of becoming a millionaire, a dream that Lauren saw, fulfilled . Now, the net earnings are $6.9 billion. This made him as the richest fashion designers in the world.
Miuccia Prada
She belonged to Maria Prada and took over the company in 1978. By that time, business gained unbeatable success. She has launched her fashion label known as Miu Miu that serves avant-garde fashion. The net worth of the company is $4.2 billion.
A few famed designers have owned wealth, and most of them worked hard to stand a better position today. Glamour & Fashion fascinate everyone and mostly to entrepreneurs, but it is destiny that turns someone rich overnight. However, hard work is imperative for building a brand and in case of inspiration, you can standout from the rest and dream big. World’s richest fashion designers are a source of inspiration for those who want to do something productive in life.
