8 Richest Fashion Designers in the World – Net Worth Ranking: From US Billionaires Ralph Lauren and Tom Ford to Italy’s Miuccia Prada, Giorgio Armani and Valentino

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Tech bros aren’t like that. Only things that are lying around in billions – Big names in the fashion world are also wealthy people. Many fashion designers have achieved millionaire status during their extensive careers while dressing the stars of the world and dreaming of era-defining styles. Because what would the world be without Armani, Prada, Dolce & Gabbana, and Valentino? It’s true that it’s much less fashionable.

So who is the fashion designer with the highest net worth, according to Forbes magazine? Let’s take a look.

8. Valentino Garavani, 91 years old

Estimated net worth: USD 1.5 billion

Valentino Garavani has designed wedding dresses for the likes of Jackie Kennedy, Elizabeth Taylor and Jennifer Lopez. Photo: @realmrvalentino/Instagram — Valentino Garavani designed wedding dresses for Jackie Kennedy, Elizabeth Taylor, Jennifer Lopez, and more. Photo: @realmrvalentino/Instagram

one founder of most famous fashion brands Italian designer Valentino Garavani creates everything from clothing, bags, shoes, perfumes and accessories to the world. After more than 40 years as an industry leader designing his wedding dresses for Jackie Kennedy, Elizabeth his Taylor, Jennifer his Lopez and others, Valentino celebrated his last haute couture show in Paris in early 2008. announced his retirement after.

These days, the designer and his ex-lover and colleague Giancarlo Giammetti own a vast real estate portfolio of houses and apartments around the world, including Holland Park in London and Chateau de Wideville outside Paris. , Vanity Fair magazine reports. Celebrity Net Worth estimates his net worth to be US$1.5 billion.

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7. Tom Ford, 62 years old

Estimated net worth: USD 2.2 billion

Tom Ford, formerly creative director of Gucci, founded his own brand in 2005. Photo: Handout — Former Gucci creative director Tom Ford founded his own brand in 2005. Photo: Handout

Fashion designer Tom Ford founded his own brand, Tom Ford International, in 2005, but first rose to prominence as creative director of Gucci from 1994 to 2005, and according to Forbes magazine, was responsible for Gucci’s revenue. He helped grow the company’s sales by 12 times to $3 billion.

In November 2022, Ford sold its stake in Tom Ford International Along with his fragrance and cosmetics business, it was acquired by Estée Lauder for a staggering US$2.8 billion, taking his personal net worth to a whole new level.

5 and 6. Domenico Dolce, 65 years old and Stefano Gabbana, 61 years old

Estimated personal net worth: USD 2.6 billion

Fashion designers Stefano Gabbana (left) and Domenico Dolce in Milan, in June 2023. Photo: EPA. — Fashion designers Stefano Gabbana (left) and Domenico Dolce in Milan in June 2023. Photo: EPA.

Stefano Gabbana and Domenico Dolce founded the Dolce & Gabbana label in 1985 after falling in love in a Milan nightclub. Since then, the label’s luxe style and animal print designs have become known worldwide and are now worth an estimated $5.3 USD. a billion.

Despite ending their personal relationship in 2003, the former couple still share ownership of the company and design it together.

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3 and 4. Miuccia Prada, 74 years old and Patrizio Bertelli, 77 years old

Estimated personal net worth: USD 4.2 billion

Patrizio Bertelli and Miuccia Prada in Venice, Italy. The couple has an estimated net worth of US$4.2 billion each. Photo: Getty Images — Patrizio Bertelli and Miuccia Prada in Venice, Italy. The couple each have an estimated net worth of US$4.2 billion.Photo: Getty Images

Italian billionaire businessman Patrizio Bertelli is the chairman and former CEO of the Prada fashion empire, along with his wife Miuccia Prada, who took over the business from her grandfather in 1977.

Prada, once the company’s lead designer, also founded and oversaw miu miu brand, a subsidiary of Prada. This fashion power couple listed his company in Hong Kong in 2011.

2. Ralph Lauren, 84 years old

Estimated net worth: USD 8.1 billion

Designer Ralph Lauren at the Ralph Lauren spring 2023 Fashion Experience in 2022, at The Huntington. Photo: AP — Designer Ralph Lauren attends the Ralph Lauren Spring 2023 Fashion Experience to be held at The Huntington in 2022.Photo: Associated Press

He may have stepped down as CEO in 2015, but Ralph Lauren is still making a fortune as the executive chairman and chief creative officer of the Ralph Lauren Company. Ralph Lauren has fashion brands such as Polo and previously Club Monaco. According to Bloomberg, he is also the company’s largest shareholder with 85% of the voting power.

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1. Giorgio Armani, 89 years old

Estimated net worth: USD 13.4 billion

Italian stylist Giorgio Armani at Milan Fashion Week in January 2023. Photo: AFP

After co-founding fashion retailer Giorgio Armani SpA in 1975, Armani became one of the richest people in the world today, with a whopping 135 at the time of writing, according to Forbes magazine. There is.

The Milan-based fashion retailer’s in-house distribution network has more than 2,980 points of sale in 46 countries, with brands such as Armani Exchange, Armani Jeans and Emporio Armani, according to Bloomberg.

Most of Armani’s wealth comes from his ownership in Giorgio Armani SpA, but he expanded his bank balance in 2005 with the launch of Armani Hotels & Resorts.

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