Ralph Lauren's Net Worth

Name:                     Ralph Lauren

Date of Birth:          October 14, 1939

Age:                       83 years old

Height:                   5ft 6inch

Weight:                  68kg

Profession:            Entrepreneur, Businessperson, Fashion designer, Designer

Nationality:           American

Net worth:            $ 8 billion

Ralph Lauren's Net Worth

• Ralph Lauren is an American-based fashion designer and entrepreneur with a net worth of $ 8 billion. He is the founder of the famous Ralph Lauren Corporation. It operates several other brands and generates more than $ 4 billion yearly.
• It is a publicly-traded company on the stock exchange of New York. Ralph is a big company's largest shareholder. He owns 33 percent of Ralph Lauren's shares. He has earned additional billions through various sales, dividends and other sources.

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Early life

• Ralph was born in The Bronx, New York City, on October 14, 1939. Ralph's parents, Frieda and Frank Lifshitz, migrated from Pinsk, Belarus. Ralph was the youngest child in the family. He has three older siblings.
• After transferring to DeWitt Clinton High School, he went to Manhattan Talmudical Academy. He graduated in 1957.
• Ralph attended Baruch College at the City University of New York and dropped out two years later.
• He changed his name from Lifshitz to Lauren. Because of the obscene references to his original name. He, however, did claim he never wanted to change his Jewish Identity.

Career

• After he dropped out of college, he served in the U.S. Army for two years. After that, he worked as a sales assistant at Brooks Brothers.
• While working there, he convinced the president of Beau Brummell to let him start his own life. Hence the first line of Ralph Lauren produced and featured men's ties.
• Ralph launched his men's line in 1968 and named it Polo. The department Bloomingdale sold his men's line exclusively. He expanded his men's clothing and launched a tailored shirt for women. In 1972 he established a women's clothing line as well.
• Ralph Lauren opened its first store on Rodeo Drive in Beverly Hills, California. The store was famous for being the first freestanding store by an American designer.
• The iconic Ralph Lauren signature cotton mesh Polo Shirt was launched in 1972. It was launched in 17 different colours.
• By 1978 Ralph entered the fragrance industry and launched his first perfume at Bloomingdale. The women's perfume was named Lauren, while the men were called Polo.
• Ralph Lauren then went international and opened its first European freestanding store in London in 1981.
• In the 1980s-90s, the company grew on a large scale. It had additional lines such as Ralph Lauren Purple Label and Lauren Ralph Lauren.
• Ralph Lauren sold a 28 per cent stake in his company to Goldman Sachs as a one-time payment of $ 135 million.
• The Ralph Lauren brand went public in 1997. It raised $ 767 million through IPO.
• The company hit the internet in 2000. The name of the website was polo.com
• In 2007 it was relaunched as ralphlauren.com
• The company bears the Ralph Lauren name. It came with many more affordable lines, one being Chaps. It is sold at Kohl and Belk stores.
• The company, apart from clothing, has also grown into the restaurant and food industry.
• In 2015 Ralph stepped down as the Ceo of the company. Stefan took over the position. At the same time, Lauren remained as Executive Chairman and Chief Creative Officer.
• In 2018 Ralph Lauren celebrated 50 years in the industry. Kt held a fashion show at Central Park, New York City.
• Famous guest celebrities attended the event Oprah Winfrey, Kanye West, Robert DeNiro, and Hillary Clinton.

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Personal life

Ralph married Ricky Ann Low-Beer on December 20, 1964. He married her in New York City. The couple is the parents of three children. Andrew Laur is a movie producer.

David Lauren works as an executive at Ralph Lauren Corporation. Dylan Lauren owns Dylan's Candy Bar.

General causes.

Ralph is philanthropic, and he highly supports cancer research and treatment. He founded the Nina Hyde Center. It was developed for Breast Cancer Research at

Georgetown University Hospital in Washington D.C.

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Cars collection

Ralph is a car enthusiast. He has more than 100 cars. His cars alone are worth $ 350 million.

Some of his cars are.

1962 Ferrari 250 GTO

Multiple 1996 McLaren F1's

Bugatti Type 57SC Atlantic 

His collection of the card was featured in the Museum of Fine Arts in Boston in 2005.

Real Estate

Ralph Lauren owns properties around the world. Ralph owns a 17,000-acre cattle ranch in Colorado. He even owns a 17,000-square-foot manor in New York.

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Social Media 

Fb-   Ralph Lauren 

Twitter-    Ralph Lauren 

Insta-   Ralph Lauren 

FAQ’s

Q: What is the net worth of Ralph Lauren?

A:  The net worth of Ralph Lauren is $ 8 billion. 

Q: Which cars does Ralph Lauren own?

A: Ralph owned more than 100 cars, some of which are

1962 Ferrari 250 GTO

Multiple 1996 McLaren F1s

Bugatti Type 57SC Atlantic

1938 Alfa Romeo 8C 2900B Mille Miglia

Mercedes-Benz 300 SL Gullwing 

Q: Who is the wife of Ralph Lauren?

A: Ralph has been married to Ricky Ann Low-Beer since 1964.

Q: What is the difference between Lauren and Polo lines?

A: Ralph Lauren has launched two clothing lines. Polo is for men, while Lauren is a female-tailored shirt clothing line.

Q: How many shares does Ralph own in his company?

A: Ralph Lauren owns 33% of the standing shares of its company.