Wealthiest Designers: Tom Ford Purchases One of London’s Most Expensive Residences in 2024!
It’s not only tech billionaires whose fortunes are skyrocketing. The biggest names in the fashion world also hold a special place in this competition. Some fashion designers have achieved billionaire status by creating timeless clothing and memorable styles throughout their careers. The fashion world is unimaginable without figures like Giorgio Armani, Prada, Dolce & Gabbana, and Valentino.
Here, we take a look at some of the wealthiest fashion designers in the world, based on Forbes’ rankings.
1. Giorgio Armani, 90 years old
Estimated Net Worth: $13.4 billion
Wealthiest Designers, Giorgio Armani, the founder of the fashion empire bearing his name, established his brand in 1975 and is one of the wealthiest individuals in the world. His company operates over 2,980 stores in 46 countries under labels such as Armani Jeans, Armani Exchange, and Emporio Armani.
Armani further boosted his wealth by launching luxury hotels and resorts in 2005.
2. Ralph Lauren, 85 years old
Estimated Net Worth: $8.1 billion
Wealthiest Designers, Though Ralph Lauren stepped down from the CEO role of Ralph Lauren Corporation in 2015, he remains the executive chairman. A significant portion of his wealth comes from his successful fashion empire, which includes brands like Polo.
According to Bloomberg, he still holds 85% of the company’s voting rights.
3. Miuccia Prada And Patrizio Bertelli
Estimated Net Worth (Each): $4.2 billion
Wealthiest Designers, This Italian couple inherited the Prada fashion empire from Miuccia’s grandfather. Miuccia, the founder of the Miu Miu brand, increased her wealth by listing the company on the Hong Kong Stock Exchange in 2011.
4. Dolce & Gabbana
Estimated Net Worth (Each): $2.6 billion
Wealthiest Designers, Domenico Dolce and Stefano Gabbana founded their famous fashion house in 1985. The unique style of their brand, with animal prints and bold designs, has made them iconic figures in the fashion world.
5. Tom Ford, 63 years old
Estimated Net Worth: $2.2 billion
Wealthiest Designers, Tom Ford, a prominent designer and entrepreneur, became one of the wealthiest figures in the fashion world after selling a stake in his company to Estée Lauder for $2.8 billion in 2022.
Wealthiest Designers, In November 2024, Ford made headlines by purchasing a mansion in the Chelsea neighborhood of London for $104 million. This purchase was one of the largest real estate transactions in London that year.
6. Valentino Garavani, 92 years old
Estimated Net Worth: $1.5 billion
Wealthiest Designers, Valentino Garavani, an Italian designer known for one of the world’s most famous fashion brands, has designed everything from clothing and handbags to shoes, perfumes, accessories, and jewelry.
After more than four decades as a leading designer in the fashion industry, creating wedding dresses for icons like Jackie Kennedy, Elizabeth Taylor, and Jennifer Lopez, Valentino announced his retirement after his final haute couture show in Paris in 2008.
Wealthiest Designers, Today, Valentino and his former partner, Gian Carlo Giannotti, own an extensive portfolio of properties worldwide, including in Holland Park, London, and Château de Wideville, located in the suburbs of Paris.
This summary highlights the extraordinary wealth of these designers, many of whom have expanded their brands into various lucrative sectors beyond fashion, including real estate and hospitality, securing their places as some of the richest and most influential figures in the global economy.
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