|Celebrity Name:||Ralph Lauren|
|Real Name:||Ralph Lauren|
|Age:||83 years old|
|Date Of Birth:||15 October,1939|
|Birth Place:||The Bronx, New York City|
|Profession:||American fashion designer, businessman|
|Net Worth in 2023:||$8 Billion|
Ralph Lauren Net Worth
Ralph Lauren is an American fashion designer, businessman, and philanthropist. He is the former CEO of Ralph Lauren Corporation. Ralph Lauren Corporation is a publicly-traded company on the New York Stock Exchange. He is also known for his rare and exotic car collection.
Ralph Lauren net worth is $8 billion.
Ralph Lauren’s real name is Ralph Lifshitz. Lauren was born on 14 October 1939, to Frank Lifshitz and Frieda. He was born in the Bronx, New York City. His father was an artist and house painter. He is the youngest of four siblings. He attended Manhattan Talmudical Academy and DeWitt Clinton High School. Later he attended Baruch College of the City University of New York, he dropped out after two years of studies.
Lauren served in the United States Army from 1962-1964. After completing his tenure in the army, he worked as a sales assistant at Brooks Brothers. Later he worked as a salesman at Rivetz. A few years later he worked at Beau Brummell. In 1967, he launched Ralph Lauren Corporation with men’s ties. In 1968, he launched Polo, the first full line of menswear. In 1971, Lauren launched a line of tailored shirts for women. In the same year, he launched his first store on Rodeo Drive in Beverly Hills, California.
In 1978, Lauren launched the first fragrance for women. The company went international in 1981.
In 1997, Ralph Lauren Corporation became a publicly traded company on the New York Stock Exchange, raising $767 million through the IPO. In 2000, the company launched its website as polo.com. Ralph Lauren Corporation acquired the NBC share of RL Media in 2007, and the website was relaunched as ralphlauren.com. In 2008, the company launched a brand called American Living.
In 2015, Ralph Lauren stepped down as the CEO of Ralph Lauren Corporation and Stefan Larsson replaced him. Later he became the executive chairman and chief creative officer.
He also appeared in several magazines including Vogue, GQ, Architectural Digest, Town & Country, Forbes, and TIME. His clothing has also been featured in several films, including The Great Gatsby and Annie Hall.
In the late 90s, the company acquired several brands including Lauren Ralph Lauren, Ralph Lauren Purple Label, and a paint line. In 1994, Lauren sold a 28% stake in his company to Goldman Sachs for a one-time payment of $135 million.
In the early 2000s, he opened several restaurants in multiple cities. The company’s first restaurant was RL Restaurant Chicago, Ralph’s, Ralph’s Coffee, and The Polo Bar.
In 1989 Lauren co-founded the Nina Hyde Center for Breast Cancer Research at Georgetown University Hospital in Washington D.C.
Awards and Achievements
His cars have won “Best of Show” at the Pebble Beach Concours d’Elegance twice.
In 2011, Seventeen cars from his collection were exhibited at the Musée des Arts Décoratifs, Paris.
In 1970, he won the Award for the highest creativity of the year in men’s fashion design. In 1973, he won his second Coty Award for menswear. In 1974, he won his first Coty “Winnie” Award for womenswear. In 1975, he won the American Fashion Award. In 1977, he received the Coty Hall of Fame award for womenswear. In 1981, he won the CFDA Fashion Award. In 1985, he won the Menswear Association of America’s Designer Achievement Award. In 1986, the CFDA Retailer of the Year was awarded.
In 1989, he received The American Academy of Achievement’s Golden Plate Award for fashion and design. In 2012, he topped the list for the global apparel industry category for Fortune magazine’s “World’s Most Admired Companies”.
In 2017, Lauren was appointed an Honorary Knight Commander of the Order of the British Empire.
In 1964, Ralph Lauren married Ricky Ann Loew-Beer. She is the author of The Hamptons: Food, Family, and History. The couple has three children Andrew Lauren, David Lauren, and Dylan Lauren.
Andrew is a film actor and producer, David is executive vice president at Ralph Lauren Corporation and married Lauren Bush, granddaughter of US former president George Bush, and Dylan is the owner of Dylan’s Candy Bar in New York City.
Ralph Lauren is well known as a car collector. Some of his collections include McLaren F1 LM, Mercedes-Benz 300 SL Gullwing, Ferrari 250 GTO, Ferrari TRs, Bentley 4½ Litre, Porsche 911 GT3 RS, Bugatti Veyron, a 1930 Mercedes-Benz SSK, a 1938 Alfa Romeo 8C 2900B Mille Miglia, a rare Lamborghini Reventón Roadster, and Bugatti Type 57SC Atlantic.
He has earned extra income through share sales, dividends, and normal compensation.
Ralph Lauren net worth is $8 billion. As of this writing, he owns 33% of the company’s outstanding shares. The company generates over $6 billion per year in revenue. He owns a 17,000 sq foot manor in New York, and a 17,000-acre cattle ranch in Ridgway, Colorado. Ralph Lauren car collection worth over $600 million.
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