Biography & Early Wealth Journey

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A year later, in 1967, with financial backing from a clothing manufacturer in Manhattan named Norman Hilton, Lauren opened his first dedicated store where he sold all sorts of ties alongside his own designs under the now famous "Polo" label. By 1970 Ralph had branched into designing all kinds of menswear. Within a year he won the prestigious COTY American Fashion Critics Award (Sort of like the Golden Globes for designers) for his menswear line. Lauren branched out into sportswear in the 1970s, introducing the ubiquitous Polo shirt. By the 1980s, Lauren, alongside American designers Donna Karan and Calvin Klein, had come to symbolize aspirational country club preppy style.

Net Worth over the years:

Primary Income Streams & Multi-Million Contracts

2020: $8.2 billion

2014: $7.3 billion

2012: $7.5 billion

2011: $4.6 billion

Real Estate, Luxury Assets & Personal Investments

2009: $4.2 billion

1990: $600 million

From the mid-80s to the present, the Lauren lines have been staples for fashionable people. Classic preppy American style never goes out of style. Lauren has always been committed to providing comfortable, well put together looks to his customers. In 1997, 30 years after he founded the company with his first neckties, Ralph Lauren Corporation became a public company, making Lauren an even wealthier man. Polo trades under the symbol, RL.

In 2015, Lauren announced that he would be stepping down as chief executive of the company he founded, after nearly 50 years. Think about it, Lauren built an $8.2 billion from those first wide neckties made from scraps of fabric. That's pretty cool!