Ralph Lauren
Overview
- Source of Wealth
- Apparel
- Industry
- Fashion & Retail
- Residence
- New York, New York
- Organization
- Chairman at Ralph Lauren
- Education
- City University of New York City College (Drop Out)High School (Diploma)
- Marital Status
- Married
- Children
- 3
Assets
- Ralph Lauren22,355,751 shares @ $289.49$6,471,766,357RL-US
Biography
Ralph Lauren is executive chairman and chief creative officer of Ralph Lauren, his all-American fashion empire. He controls 85% of the voting rights.
Lauren started the business in 1967 from a tiny office at the Empire State building. His first breakthrough came when Neiman Marcus ordered 1,200 ties.
He stepped down from his position as CEO in 2015; His son, David, is chief branding and innovation officer.
Born in the Bronx to Jewish immigrants, Ralph Lifshitz, as he was then known, worked as a part-time stock boy at a department store as a teenager.
For 30 years, Lauren has supported breast cancer research, cofounding Georgetown's Nina Hyde Center for Breast Cancer Research in 1989.
About
The man who made American fashion cool once donated $10 million to help restore the original Star-Spangled Banner.
In June 2019, Lauren was awarded an honorary knighthood by Prince Charles, a first for any American designer.