In this article, I am going to discuss Tommy Hilfiger net worth, his life, and his career.
Hilfiger is a celebrated American fashion designer whose net worth is estimated at $450 million.
It covers his early life, how he got started in the fashion industry, his business ventures, the acquisition of his brand, his achievements and awards, and his philanthropic efforts.
Tommy Hilfiger Net Worth
Tommy Hilfiger, a notable American fashion designer, currently possesses a net worth of $450 million.
At the age of 18, he began his pursuit of fashion by purchasing and modifying jeans to sell in local stores.
Eventually, he established his own store, The People’s Place. In 1985, with the backing of the Murjani Group, Hilfiger founded the Tommy Hilfiger Corporation.
Tommy Hilfiger isn’t a multi-billionaire because he sold most of his company to investors Silas Chou and Lawrence Stroll in 1989. Chou and Stroll are now worth $2.7 billion each.
In 1995, the Council of Fashion Designers of America named Hilfiger the Menswear Designer of the Year.
Throughout his career, he has earned numerous awards for his fashion designs and charitable contributions.
Who is Tommy Hilfiger ?
Tommy Hilfiger, an American fashion designer, was born on March 24, 1951.
Many people are interested in knowing his net worth, and we have updated the information for them.
Fans often search for the biographies of their favorite celebrities, and now they are also curious about Tommy Hilfiger’s net worth.
It’s a hot topic on the internet, and we will delve into the details to provide further information.
Early Life
Thomas Jacob Hilfiger, popularly known as Tommy Hilfiger, was born on March 24, 1951, in Elmira, New York.
His parents were Richard, a watchmaker, and Virginia, a nurse, and he grew up in a Catholic household with eight siblings.
During his youth, Hilfiger displayed an interest in fashion, sports, and the music business. He also credits his parents for instilling in him the values of compassion and hard work.
Hilfiger completed his high school education at the Elmira Free Academy and briefly attended the Greater Southern Tier BOCES Bush Campus.
| Name | Tommy Hilfiger |
|---|---|
| Profession | American fashion designer |
| Date of Birth | 24 March 1951 |
| Age | 71 years old |
| Height |
Tommy Hilfiger Net Worth And Career
In the summer of 1969, Hilfiger worked at a Cape Cod clothing store.
Two years later, with only $150, he opened his own clothing store, People’s Place, in downtown Elmira.
He initially stocked the store with fashionable clothing from New York City, but soon began designing his own.
After opening a few more People’s Place locations, the chain went bankrupt in 1977.
Tommy took business courses and moved to New York City, where he worked for several fashion labels. In 1979, he founded his own company, Tommy Hill.
Tommy and his wife, Susie, were hired to design for Jordache, but were fired after a year.
Hilfiger then founded 20th Century Survival in 1981 and Click Point in 1982, before starting his own line with the help of businessman Mohan Murjani.
In 1985, the Tommy Hilfiger Corporation was established and introduced to the world through an attention-grabbing marketing campaign, including a large billboard in Times Square.
Brand Acquisition
In 1989, investors Lawrence Stroll and Silas Chou acquired the majority of the Hilfiger brand.
Over the next two decades, they transformed the brand into an international sensation, particularly in the 1990s.
Hilfiger launched his signature menswear line in 1992 and introduced women’s clothing in 1996.
The company expanded rapidly, opening a store in Beverly Hills in 1997 and eventually establishing over 1,400 stores worldwide. By the early 2000s, revenues had surpassed $1.9 billion.
In 2006, Apax Partners purchased the company for $1.6 billion. Four years later, in 2010, Phillips-Van Heusen bought the company for $3 billion.
Throughout his career, Hilfiger has blended his passion for music with his fashion endeavors, sponsoring music events like Lenny Kravitz’s “Freedom” tour and Sheryl Crow’s “If It Makes You Happy” tour.
In 2005, he hosted the CBS reality series “The Cut,” a competition show in which 16 designers vied for a design job with Hilfiger.
He also made cameo appearances as himself in the films “Zoolander” (2001) and “Zoolander 2” (2016) and has published seven books, including “All-American” (1997) and “American Dreamer: My Life in Fashion & Business” (2016).
Tommy Hilfiger Net Worth, Achievement and Awards
Tommy Hilfiger has received numerous awards and achievements throughout his career.
- In 1995, he was named Menswear Designer of the Year by the Council of Fashion Designers of America (CFDA).
- He has also won several other CFDA awards, including Designer of the Year in 1997 and a Lifetime Achievement Award in 2012.
- In 2002, he was inducted into the Fashion Walk of Fame.
- Hilfiger has also been recognized for his philanthropic efforts, receiving the Humanitarian Award from the Robert F. Kennedy Memorial in 1998.
- Additionally, he was awarded the Ellis Island Medal of Honor in 2010 for his contributions to the United States.
Summary
Tommy Hilfiger, an American fashion designer with a net worth of $450 million, is the subject of this article.
It covers his early life and interests, as well as his career path in the fashion industry.
Hilfiger started by modifying jeans at age 18 and later established his own clothing stores, including The People’s Place. In 1985, he founded the Tommy Hilfiger Corporation with the help of businessman Mohan Murjani.
Investors Lawrence Stroll and Silas Chou acquired the majority of the brand in 1989, transforming it into an international sensation in the following decades.
Hilfiger has won numerous awards for his fashion designs and philanthropic contributions, including recognition from the Council of Fashion Designers of America and the Robert F. Kennedy Memorial.
He is also known for his sponsorship of music events, cameo appearances in films like Zoolander, and published books.
