|Net Worth:||$50 Million|
|Date of Birth:||April 4, 1940 - April 16, 2011 (71 years old)|
|Profession:||Fashion designer, Designer|
What Was Bijan Pakzad’s Net Worth?
Bijan Pakzad was an Iranian designer who had a net worth of $50 million at the time of his death in 2011. Due to his namesake Beverly Hills business, which has been called “the most expensive store in the world,” Bijan Pakzad was known to the general public as just “Bijan.” Pakzad sadly passed away on April 16, 2011, after having a stroke, at the age of 71.
Bijan Pakzad was born on April 4, 1940, in Tehran, Iran. His father was an extremely successful industrialist who worked in the steel business. Bijan studied design in Switzerland and Italy while attending the boarding school Institut Le Rosey in Switzerland. At Tehran’s Pink Panther Boutique, he started his profession.
Bijan relocated to Los Angeles in 1973, and in 1976 he started a store on Beverly Hills’ Rodeo Drive. He gained entrance to Rodeo Drive thanks to three simple words: “By Appointment Only.” These phrases gave him unmatched access to some of the richest people in the world.
In 1984, Pakzad opened a store in New York City; it was shut down in 2000. Around the middle of the 1980s, Bijan had more than 15,000 clients and $150 million in sales. His famous clients included President Barack Obama, Cary Grant, Michael Jordan, Stevie Wonder, and Frank Sinatra.
His custom clothes were produced in an Italian textile business that he controlled. Due to his publication of advertising featuring a nude “rotund model named Bella” in 2000, Pakzad sparked controversy.
The advertisements were turned down by a number of New York magazines, but after Tina Brown’s “Talk” ran them, additional publications changed their minds. A Michael Jordan perfume was introduced by Bijan in 1996.
According to the “Los Angeles Times Calendar Section,” the Bijan Perfume and Fashion Business generated more than $3 billion in revenue in 2001. The “most expensive men’s apparel in the world” was one of the company’s slogans.
Bijan received two awards from the Otis College of Art & Design: the Otis Design Legend Award in 2010 and the Ig Nobel Chemistry Prize in 1995. He was voted Entrepreneur of the Year by Oxford University in 2011.
Moreover, Pakzad was honored with four FiFi Awards: Best Women’s Fragrance Package (1988), Most Successful Men’s Fragrance (1988), Best National Advertising Campaign – Men’s (1997), and Men’s Fragrance Star of the Year Specialty/Department Shops (1997).
Bijan lived much of his later years in a sizable and suitably opulent estate on Sunset Boulevard in Los Angeles. Luis Miguel, a musician, sold the property to him for $6 million (with no mortgage in 2002).
More than 100 terra cotta flowerpots lined the land of the estate, which measured more than 12,000 square feet and had six bedrooms and nine baths.
The mansion was worth $5 million to Pakzad’s estate at the time of his passing. It’s interesting to note that the mansion was sold by Bijan’s estate for $9.4 million just two years later, in 2013. Moreover, Pakzad had a home in Malibu.
Bijan wed twice before divorcing. The two had a daughter named Daniela during their 18-year marriage to Sigi Pakzad, whom they had met in Europe in the 1960s. From 1986 to 1995, Pakzad was wed to Tracy Hayakawa, a model, and interior designer. The couple had two children: Nicolas and Alexandra.
A custom-built luxury vehicle known as the Bijan Bugatti Veyron was among the 23 vehicles in Bijan’s 23-car garage. Along with these vehicles, which he frequently parked outside of his Rodeo Drive store, he also owned a black Mercedes-Benz SLR McLaren with a customized paint job, a yellow Ferrari 430 Spider, and a black Bentley Azure with a yellow interior. He also had a black Bentley Azure with a yellow interior.
On April 14, 2011, Pakzad experienced a stroke, and at Cedars-Sinai Medical Center in Los Angeles, he underwent brain surgery. At the age of 71, he passed away two days later. Bijan’s Rodeo Drive boutique was purchased by LVMH in 2016 for $122 million, and four years later it relocated across the street.
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