Ralph Lauren’s Net Worth (Updated 2022), Biography | Career | Private Life

What is Ralph Lauren’s Net Worth (Updated 2022)? Ralph Lauren is an American fashion designer and entrepreneur with an estimated net worth of $8 billion. He made his fortune as the founder of the Ralph Lauren Corporation, which owns several brands and generates more than $4 billion in revenue each year.Ralph Lauren is a New York Stock Exchange company that trades under the ticker symbol “RL.” Ralph is the majority owner of the company. He owns 33% of the company’s outstanding shares as of this writing. He has earned billions more through share sales, dividends, and regular compensation over the years. Ralph retired as CEO in 2015.

Growing up

Ralph Lauren was born on October 14, 1939, in New York, New York, USA. Ralph Lauren was born as the youngest of four siblings to Jewish immigrant parents. His work profile in his mid-to-late-twenties consisted of serving one company at a time, which gave him the interest and confidence to launch his own clothing line.

He enjoys collecting automobiles. His current collection consists of around 70 cars, the majority of which are extremely rare species. Ralph Lauren also believes in giving back to those in need. This is demonstrated by his participation in the establishment of the Nina Hyde Center for Breast Cancer Research in Washington, D.C. In addition, Ralph Lauren actively donates to the Democratic Party and is an active participant in politics.

 

Ralph Lauren Personal Life

On December 20, 1964, Lauren married Ricky Ann Low-Beer in New York City. They have three children: Andrew Lauren, a film director and actor, David Lauren, a Ralph Lauren Company executive, and Dylan Lauren, owner of Dylan’s Chocolate Bar.

Lauren Bush, the granddaughter of former US President George H. W. Bush, married David Bush in 2011.

 

Career

Between 1962 and 1964, Ralph Lauren served in the United States Army and briefly worked as a sales assistant for Brooks Brothers. Following that, he worked as a salesman for a tie company. This is when his passion for fashion design blossomed. The Ralph Lauren Corporation was founded by introducing men’s ties. When Ralph Lauren was working for Beau Brummel, he persuaded the company’s President to allow him to launch his own men’s clothing line.

That is how Ralph Lauren’s clothing collection came to be. Lauren named his men’s clothing line ‘Polo’ because of his interest in sports. One year later, in 1969, Bloomingdale’s, a Manhattan department store, began selling Lauren’s Polo clothing line in their own in-store boutique.

The Polo player emblem was sported on the women’s shirt cuffs when the women’s clothing line was launched in 1971. This was also a watershed moment for Ralph Lauren, as his first independent store in California opened for direct access to customers.

Ralph Lauren’s fragrance debuted in 1978, alongside its clothing collection. Lauren and Polo, fragrances for both women and men, were introduced and quickly became a hit. The Ralph Lauren brand was launched internationally in 1981, with its own freestanding store in London’s West End.

Highlights

Ralph Lauren has received numerous accolades over the years, including the Designer Achievement Award and the Award for Creativity in Men’s and Women’s Wear. Ralph Lauren was named Retailer of the Year in 1987, in addition to all of his previous and subsequent honors.

 

Philanthropy

Lauren is well-known for her charitable contributions. Cancer research and treatment is one of many causes he has supported. 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 helped open the Royal Marsden Ralph Lauren Center for Breast Cancer Research.

 

Cars Collection

Ralph Lauren is a well-known car enthusiast. He has around 100 cars in his collection. Ralph Lauren’s automobile collection is thought to be worth $350 million. His extensive collection has been presented and featured in several exhibitions, including one at the Museum of Fine Arts in Boston in 2005. His collection was shown at New York Fashion Week in 2017.

Among the notable vehicles in his collection are:

• 1962 Ferrari 250 GTO
• Multiple 1996 McLaren F1’s
• Bugatti Type 57SC Atlantic
• 1938 Alfa Romeo 8C 2900B Mille Miglia
• Mercedes-Benz 300 SL Gullwing

 

Property Management

Lauren owns a number of properties all over the world. He is the owner of a 17,000-acre cattle ranch near Telluride, Colorado. In addition, he owns a 17,000-square-foot mansion in Bedford, New York.