In this article, we will discuss Ralph Lauren’s age, marital status, family, and net worth. Continue reading the conclusion for additional information. As per Celebritynetworth, American fashion designer and businessman Ralph Lauren has an estimated net worth of $8 billion.
Who is Ralph Lauren?
Ralph Lauren, KBE is an American fashion designer, philanthropist, and billionaire businessman who is best known for the multibillion-dollar Ralph Lauren Corporation. His collection of rare automobiles, some of which have been featured in museum exhibits, has earned him widespread renown.
|Birth||October 14, 1939|
|Net Worth||$8 Billion|
|Relationship With||Ricky Ann Low-Beer|
Ralph Lauren’s Early Years
Ralph Lifshitz, best known as Ralph Lauren, was born in The Bronx, New York City, on October 14, 1939. Frieda (née Cutler) and Frank Lifshitz were Ashkenazi Jewish Pinsk, Belarus-born immigrants.
He is the youngest of four siblings, with two brothers and one sister older than him. Before going to DeWitt Clinton High School, where he graduated in 1957, he attended Manhattan Talmudical Academy.
He subsequently attended Baruch College at the City University of New York (CUNY) but left after only two years. He changed his name to Lauren from Lifshitz. His very own words:
“When I was little, the other children would frequently make fun of me. It was a difficult name. Therefore, I decided to alter it.” People then asked, “Did you alter your name because you don’t wish to be Jewish?” I responded, “Absolutely not!” This is not the subject of the work. My California-residing cousins changed their last names to Lawrence. So I simply thought, ‘I’ll choose a good last name’ — it was unrelated to anything or anyone in particular.”
Ralph Lauren’s Career
From 1962 to 1964, Lauren served in the United States Army after dropping out of school. He subsequently worked as a sales assistant for Brooks Brothers and as a tie salesperson.
While employed by tie manufacturer Beau Brummell, he convinced the company’s president to allow him to launch his own tie line. Thus, the first Ralph Lauren collection featured men’s ties.
In 1968, Lauren introduced his first complete line of clothing, which he branded Polo. By 1969, Bloomingdale’s department store sold his line exclusively. In 1971, he introduced a line of fitted shirts for ladies bearing the now-famous Polo player insignia, followed by his first complete women’s collection the following year.
In 1971, he also opened his first store on Beverly Hills, California’s Rodeo Drive. As the first freestanding store by an American designer, this store created history. In 1972, the brand’s characteristic cotton mesh Polo shirt was introduced in seventeen colors.
In 1978, Lauren expanded into the world of scents and debuted his first Ralph Lauren fragrances at Bloomingdale’s. These were “Lauren” perfume for women and “Polo” cologne for men.
In 1981, Lauren expanded the brand internationally and built its first European stand-alone store in London’s West End. Over the course of the 1980s and 1990s, the firm added over 10 new lines and acquired brands, including Ralph Lauren Purple Label (1995) and Lauren Ralph Lauren (1996), as well as a paint line (1995).
In 1994, Ralph Lauren sold to Goldman Sachs a 28% share in his company for a one-time payment of $135 million. In 1997, the company went public and raised $767 million through its IPO.
The corporation launched its website in 2000 under the domain name polo.com. In 2007, it was relaunched as ralphlauren.com. In addition to the brands bearing his name, the company offers a number of additional mid-range and budget-friendly labels.
In addition to home items and clothing, the company also operates Ralph Lauren Restaurants. 1999 marked the opening of the company’s first restaurant, RL Restaurant Chicago.
Other restaurants include Ralph’s, which debuted in Paris in 2010, Ralph’s Coffee, which opened in New York City in 2014, and The Polo Bar, which opened in New York City in 2015.
In September 2015, Lauren announced his resignation as the company’s CEO. In November of that year, Stefan Larsson took over as CEO, while Lauren stayed with the company as Executive Chairman and Chief Creative Officer.
What is Ralph Lauren’s Net Worth?
American fashion designer and businessman Ralph Lauren has an estimated net worth of $8 billion. As the founder of the Ralph Lauren Corporation, which operates several brands and generates over $4 billion in annual revenue, he amassed his fortune.
Ralph Lauren is a publicly traded company listed under the symbol “RL” on the New York Stock Exchange. Ralph is the largest shareholder in the company. As of this writing, he owns 33% of the outstanding shares of the company. Over the years, he has earned billions more through share sales, dividends, and standard compensation.
Ralph Lauren’s Personal Life
On December 20, 1964, Lauren married Ricky Ann Low-Beer in New York City. Together, they have three children: film producer and actor Andrew Lauren, Ralph Lauren Corporation executive David Lauren, and candy store owner Dylan Lauren. In 2011, David, the son of Lauren, wed Lauren Bush, the granddaughter of former U.S. President George H. W. Bush.
Ralph Lauren’s Philanthropy
Lauren is a prominent benefactor. He has supported numerous causes, including cancer research and treatment.
In 1989, he co-founded the Nina Hyde Center for Breast Cancer Research at Georgetown University Hospital in Washington, D.C.; in 2003, he established the Ralph Lauren Center for Cancer Care and Prevention in Harlem; and in 2016, he assisted in the opening of the Royal Marsden Ralph Lauren Center for Breast Cancer Research.
Ralph Lauren’s Car Collection
Ralph Lauren is a well-known car enthusiast. His car collection includes around 100 cars. Ralph Lauren’s car collection is worth an estimated $350 million. Some important vehicles in his collection include;
- 1962 Ferrari 250 GTO
- Multiple 1996 McLaren F1s
- Bugatti Type 57SC Atlantic
- 1938 Alfa Romeo 8C 2900B Mille Miglia
- Mercedes-Benz 300 SL Gullwing
His large collection has been presented in numerous exhibitions, including one in 2005 at the Museum of Fine Arts in Boston. His collection was showcased during New York Fashion Week in 2017.
Ralph Lauren’s Real Estate
Lauren is an international property owner. He owns a 17,000-acre cattle ranch outside of Telluride, Colorado. In addition, he has a 17,000-square-foot estate in Bedford, New York.
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