Calvin Richard Klein is the founder of an American based fashion house that is Calvin Klein Inc. Calvin Klein is one of the America’s best fashion designer. Calvin Klein got attention by designing amazing sportswear. He kept airing his name by amazing advertising campaigns. Let’s find out more about how much is Calvin Klein’s net worth in 2018.
Calvin Richard Klein was born in New York on November 19, 1942. Calvin Klein was raised up in New York itself by Flo and Leo Stern. He was the second child out of three. He got the art of sewing from his grandmother who was a seamstress. He used to watch her sewing very intently and eventually learned this art from her. Further, his mother and father encouraged him to continue his love and passion towards this art of sewing.
While he was in high school, his friends were indulged in sports and physical activities where he was interested in fashion designing and sewing. He got graduated from Fashion Institute of Technology, New York.
Calvin Klein started off his professional career in 1962 as an apprentice at a cloak and suite house where he used to work all day long and on weekends for more perfection in his work. He worked there for five long years. Later in 1968, Calvin Klein collaborated with his childhood friend Barry Schwartz to establish Calvin Klein Inc which was just a coat shop at that time. A few years later a huge order was given to him by Bonwit Teller. It was then when his company initially got a breakthrough.
Awards & Achievements
His work was highly demanded and later got popular throughout the world. Calvin Klein has been honored by various fashion awards and councils from all around the world. In 1973, He won his first prestigious “Coty Award” and won the title for three consecutive years from 1973 to 75 and became the youngest designer to achieve such a milestone. Later the Councils of Fashion Designs of America awarded him three times in a row for his excellent work. In 1996, Times magazine listed him among 25 influential Americans. In 2002 Calvin Klein made a deal and sold his company to PVH that is Phillips Van Heusen Co.
Net Worth of Calvin Klein
When he made a deal with Phillips Van Heusen Co. the deal at the time has a value of $430 million but as for now, fifteen years after the deal was made Calvin Klein has a whopping net worth of $740 million. He worked for various fashion companies before starting off his own Calvin Klein Inc. He started off his career with just a small coat company and now owns one of the biggest fashion company. He is indeed one of the greatest business tycoons.
When it comes to fashion, then there’s no such brand like Calvin Klein for the comfort and design they provide without compromising with the quality. Calvin Klein has been very hard working. He worked at cloak and suite house All day long and did overtime and worked on weekends for the betterment of his work and hence eventually his handwork got paid off when he was awarded a huge order of $50,000 by the buyer from Bonwit Teller who was really impressed by seeing him working in his workroom. Calvin Klein is indeed a business tycoon.