Karl Lagerfeld Net Worth
Karl Lagerfeld Net Worth
Karl Lagerfeld is a fashion icon and is described as the most powerful man in the fashion industry. Born in 1933 in Germany as Karl Otto Lagerfeldt, Karl then changed his name to Lagerfield because he thought it sounded more commercial.
The family was rich, with his father Otto became an entrepreneur who had a factory for condensed milk production. Karl made the habit of trying to hide his origin and date of birth. He claimed that his parents were Elisabeth from Germany and Otto Ludwig Lagerfeldt from Sweden, although his mother never mentioned himself that his father also had no relationship with Sweden. Apart from the various evidence that proved that he was born in 1933, he claimed that he was actually born in 1938, although he later changed that opinion.
He completed a private school in Hamburg, before registering with Lycée Montaigne in Paris. He majored in design and drawing. After spending three years as Pierre Balmain’s assistant, he took a job with Jean Patou. Over the next five years, he designed two collections every year.
The first was received badly by the press. In 1960, he managed to surprise Paris to create the shortest skirt ever. Disappointed with criticism, he quit the job. He then said about that period: “” I became bored there too, and I stopped and tried to return to school, but that was not successful, so I spent two years mostly on the beach – I think I learned life. “
He returned after the hiatus, this time working for Tiziani. The first collection was great success and stars like Elizabeth Taylor, Gina Lollobrigida, Doris Duke, and Princess Marcella Borghese became her customers. Its international breakthrough came in 1982, through collaboration with the Japanese fashion giant Isetan. In 1983, he became the creative director of French French fashion house Chanel, a post that he held to his death in 2019.
The Karl Lagerfeld fashion collection has brought him great wealth, which he uses to buy houses and apartments in various parts of the world. He has an apartment in Paris in Rue De L’El Université, the 18th century castle in Brittany, called Chateau de Penhoët, Villa La Vigie in Monaco and Villa Jako in Hamburg, his birthplace. He also has an El Horria summer villa in BakaRitz, a house in Vermont and two more houses in Paris. Karl Lagerfield’s net worth is estimated at $ 200 million.
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