Ralph Lauren is a well-known fashion designer from America who is also a business executive, and philanthropist. Lauren is the owner of the multi-million dollar enterprise Ralph Lauren Corporation. He is popular for collecting rare automobiles. He serves as the chief creative officer and executive chairman of the company. Let’s find out how much is Ralph Lauren’s net worth in 2018.
Ralph Lauren Early Life
Ralph Lauren was born on October 14, 1939, in The Bronx, New York to his parents Frank Lifshitz and Frieda Lifshitz. He has three siblings.
He went to Marsha Stern Talmudical Academy and completed his high school from DeWitt Clinton High School. Following that Lauren attended City University of New York’s Baruch College and studied business, but dropped out soon.
In 1964, Ralph Lauren got married to Ricky Ann Low-Beer. The couple has three children named Andrew Lauren, David Lauren, and Dylan Lauren. In 1987, he underwent a surgery for removing a brain tumor.
Ralph Lauren is known as an automobile collector. His collections include ‘Ferrari Testarossas’, ‘Porsche 997 GT3 RS’, ‘Bugatti Veyron’, ‘Mercedes-Benz 300 SL Gullwing’, ‘1930 Mercedes-Benz SSK’, ‘Bugatti Type 57SC Atlantic’, ‘1929 Bentley 4½ Litre’, ‘1962 Ferrari 250 GTO’, and much more.
Ralph Lauren Career, Awards & Achievement
Ralph Lauren started his career be getting enrolled in the army. He was in the U.S. Army from 1962 to 1964. It was followed by working as a sales assistant for Brooks Brothers. He then worked for Beau Brummel.
In 1967, he became the founder of ‘Ralph Lauren Corporation’, a company known for making apparels, fragrances, and home accessories. He was also interested in sports and named his first line of menswear as ‘Polo’. In 1971, the corporation launched tailored women shirts. In the same year, he also opened the Ralph Lauren Store in Beverly Hills, California.
In 1978, he started making Ralph Lauren fragrances. Later he started making a cologne for men and fragrances for women. In 1981, the company became international and ventured in the European market. In 1986, Ralph Lauren began his flagship in Rhinelander mansion. His company became public in 1997 and was traded on the New York Stock Exchange.
In 1999, Lauren started the “RL Restaurant”. He is also the owner of two other restaurants.
In 2008, his corporation created the brand ‘American Living’ which was for JC Penney.
Awards & Achievements
In 2007, Ralph Lauren won the American Fashion Legend Award at the CFDA Awards. In 2000, he was inducted into the Fashion Walk of Fame. In 1997, he won the Humanitarian Leadership Award by the CFDA. In 1985, he was conferred with the America’s Designer Achievement Award by the Menswear Association. He has also won the Coty “Winnie” Award. In 1975, he was the winner of American Fashion Award.
Net Worth of Ralph Lauren
Ralph Lauren has an estimated net worth of more than $5.5 billion. He is currently the 233rd world’s richest person. His wealth comes from his company ‘Ralph Lauren Corporation’ which has existed for almost 50 years. His car collection is worth $350 million. Additionally, he is also the owner of a 17,000-acre cattle ranch.
Ralph Lauren is considered one of the most popular fashion designers in the world. He is a global icon and several celebrities have put on his designs. He is also a philanthropist and is the co-founder of Nina Hyde Center for Breast Cancer Research. He has established ‘Ralph Lauren Corporation’, ‘American Heroes Fund’, ‘Ralph Lauren Center for Cancer Care’, and ‘The Polo Fashion School’. He has been honored by several organizations for his contribution to various philanthropic works.