|Net Worth:||$8 Billion|
|Date of Birth:||November 14, 1939 (84 years old)|
|Height:||5 ft 6 in (1.68 m)|
|Profession:||Entrepreneur, Businessperson, and Fashion designer|
|Nationality:||United States of America|
What is Ralph Lauren’s net worth? How does Ralph Lauren make his money? Below is the current net worth of Ralph Lauren and how Ralph makes his money.
What is Ralph Lauren’s Net Worth?
Ralph Lauren is an American businessman and fashion designer who has a net worth of $8 billion dollars. He made his money as the creator of the Ralph Lauren Corporation, which manages multiple brands and brings in more than $4 billion annually. Under the ticker “RL,” Ralph Lauren is a publicly traded corporation on the New York Stock Exchange. Ralph is the major shareholder in the business.
He currently holds 33% of the company’s outstanding shares. Through share sales, dividends, and standard remuneration over the years, he has made extra billions.
Ralph Lifshitz, popularly known as Ralph Lauren, was born on October 14, 1939, in the Bronx, New York City. He was raised by his parents alongside his older siblings.
Prior to changing schools and graduating from DeWitt Clinton High School in 1957, he studied at the Manhattan Talmudical Academy. He later enrolled at the City University of New York (CUNYBaruch )’s College, he left after just two years of gaining admission into the college.
Lauren enlisted in the US Army from 1962 to 1964 after quitting school. At Brooks Brothers, he later worked as a tie salesman and sales assistant. Men’s ties were therefore the first item in the Ralph Lauren brand’s inaugural line.
Ralph Lauren introduced his first complete menswear collection in 1968 under the brand name “Polo.” His line was solely distributed by Bloomingdale’s department store by 1969. He kept growing his product line, introducing a line of women’s fitted shirts in 1971 that featured the now-famous Polo player insignia, and his first comprehensive women’s collection in 1972.
He also opened his first shop in Beverly Hills, California, on Rodeo Drive, in 1971. In 1972, the company introduced its iconic cotton mesh Polo shirt in 17 various colors, complete with the Polo player logo on the chest.
Ralph Lauren expanded into the scent industry in 1978, and at Bloomingdale’s that year, he unveiled the first Ralph Lauren fragrances. These were the cologne for males, “Polo,” and the perfume for women, “Lauren.”
Ralph Lauren paid Goldman Sachs a one-time sum of $135 million in 1994, in exchange for a 28% share of his business.
Ralph Lauren made his intention to resign as the company’s CEO public in September 2015. Ralph Lauren continued with the company as Executive Chairman and Chief Creative Officer until Stefan Larsson assumed leadership as the Chief Executive Officer of the company in November of that year.
A unique fashion show in Central Park, New York City, took place in 2018 to commemorate the 50th anniversary of the Ralph Lauren company. Oprah Winfrey, Kanye West, Robert DeNiro, Hillary Clinton, and other well-known personalities attended the event.
Ralph Lauren is renowned for his charitable works. The study and treatment of cancer are just one of the many causes he has strongly supported. He helped open the Royal Marsden Ralph Lauren Center for Breast Cancer Research in 2016 and co-founded the Nina Hyde Center for Breast Cancer Research at Georgetown University Hospital in Washington, D.C., in 1989. He also founded the Ralph Lauren Center for Cancer Care and Prevention in Harlem in 2003.
On December 20, 1964, Ralph Lauren tied the knot with Ricky Ann Low-Beer in New York City. They have three kids together.
Globally, Ralph Lauren is the owner of a plethora of assets. He is the owner of a 17,000-acre cattle ranch near Telluride, Colorado. He owns a 17,000-square-foot estate in Bedford, New York.
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