The net worth of Tommy Hilfiger as of October 2020 was found to be 450 Million Dollars. He is a famous American fashion designer who has started his fashion career at 18 years of age. He is the owner of people’s Place and Tommy Corporation. In the year 1995, Tommy got the name of Menswear Designer of the year by the Council of Fashion Designer of America. He has got several awards not only for his fashion work but also for performing various charity works.
Tommy was born on March 24th, 1951, in Elmira, New York. Tommy had a great passion for designing, sports, and music. Being a small kid, Tommy was a compassionate and hardworking kid. Tommy did his Diploma at the ElmiraFree Academy, and he also joined the Greater Southern Tier BOCES Bush Campus. During the initial stage of his career, Tommy used to buy Jeans and make designs and resell them to the retail shops.
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In the year 1969, Tommy was initially working with the Cape Cod store. But with his brilliant fashion designing, he opened his clothing store called People’s Place in 2 years in Downtown Elmira. At first, he used to buy clothes from New York City and sell from his store. But later, he started to design his clothing. After grand success, Tommy opened People’s place at various locations, but the chain got ruined, and Tommy started to take business courses.
After this ruin, he moved to New York to learn more about designing by working with various Fashion Design firms. After that,he started his fashion Designing Firm Tommy Hill in the year 1979. Tommy and his Wife were being hired for Jordache, but within one year, they were being fired.
With the help of Mohan Murjani, a great businessman, Tommy found 20th-century Survival in the year 1981 and Click Point in the year 1982. After this, Tommy launched his Fashion designing corporation named The Tommy Hilfiger Corporation in the year 1985.
In the year 1989, the investors Lawrence Stroll and Silas Chou obtained most of Tommy’s brands, whose net worth at present is 2.7 billion dollars. SO can you imagine how much did Tommy owns before investing? In the year 1992, Tommy’s first Men wear signature was established. Later in 1996, Tommy started designing women’s clothing also. In the year 1997, the Tommy group opened the Beverly Hills store,and globally more than 1500 stores were being opened. Tommy’s net worth by the year 2000 was 1,9 billion dollars.
In the year 2006, he sold the company of Tommy to Apax Partners at the rate of 1.6 billion dollars and Apax in the year 2010, sold to Phillips for 3 Billion dollars.
Tommy’s Music life
Tommy has also subsidized many music events like Freedom, tour, and Sheryl Crow’s If it makes you a happy tour and lots more. In the year 2005, he has hosted The Cut, a reality show, where 16 designers participated in a contest to get hired by Tommy. He also appeared in Zoolander in the year 2001and, Zoolander 2 in the year 2016.H has published a total of seven books.
He was able to attain 450 Million dollars of net worth through his fashion firms, books, music shows, and appearing as a host in various TV shows.