Karl Otto Lagerfeld has been responsible for looking after the design and creation of the various fashion lines and ventures of the French fashion brand Channel which was founded by the legendary fashion giant Coco Channel. He also holds the post of the creative director for the fashion brand Fendi and his very own eponymous label.
Presently, his name is almost as synonymous with Channel, as is that of its founder Coco Channel. His white ponytail and dark shades are in themselves a brand, along with the high stiffly starched collar. Here is a quick summary of Karl Lagerfeld’s net worth in 2018, career and earnings.
Karl Lagerfeld’s father, Otto Lagerfeld was a businessman in Hamburg, Germany, which is where he was born and brought up. His date of birth has been the subject of much contention over the years with him claiming to be born in 1938, while evidence like his baptismal records point towards the fact that he was born in 1933 itself.
His mother Elisabeth Bahlmann is known to be the daughter of a local politician. He is known to have two elder sisters, Martha Christiane and Thea, the latter is his half-sister born from his father’s first marriage.
He acquired his higher education at Lycee Montaigne, Paris. He acquired his degree in drawing and history.
The International wool secretariat in 1955 conducted a competition of which Karl Lagerfeld emerged as the winner. He got a chance to work under Pierre Balmain, after this win. He held this position for three years. For the next few years, he designed haute couture collections at a tremendous rate. The first of his collections, with all its path-breaking and unconventional cuts, was not widely accepted by the critics and fashion enthusiasts. An Italian brand Tiziani, which specialises in couture, was his next place of employment.
He was reportedly a part of the company’s team of designers till 1966. This particular line of clothing had some high profile customers including Elizabeth Taylor and Gina Lollobrigida to name a few. In the meantime, he started designing as a freelancer at Chloe, which is a fashion brand based in France.
In this period, he had also done some designs for a brand called Curiel, most of which were appreciated for their out of the box concepts. In 1973, he did the spring collection for Chloe. One of the most unique and eye-catching garments in this line was something he had named a surprise skirt. By this time, he had already started working with the Italian brand Fendi.
However, his shot to international fame has definitely been through his career at Channel. In fact, he is credited for conceptualising the interlocked C’s monograph of Coco Channel as the symbol for the brand. Later, Lagerfeld went on to run different brands and clothing lines, including his namesake – the Lagerfeld gallery.
The big names he has been known to be involved within the later years are Diesel, H&M, etc. He had even been involved with several movie projects. His directorial work is “Once upon a Time” which featured Keira Knightley as Coco Channel.
Awards and Achievements
He has the world reputation of a star creative director. He owns several stores and clothing lines and is also known for achieving an amazing weight loss goal, which has resulted in a book, “The diet of Karl Lagerfeld.”
Net worth of Karl Lagerfeld
Karl Lagerfeld’s Net-worth is estimated to be $230 million, which includes his several assets and astounding earnings as a star designer.
Karl Lagerfeld has seen his fair share of controversies throughout his life, including about with PETA. In spite of these controversies, he has been able to maintain a world-wide reputation as a fashion giant. It would not be unfair to say that he is one of the few fashion greats of our times, the mere name of whom is enough to make a product sell like hot cakes!