Michael Kors Net Worth $1 Billion
Michael Kors (born Karl Anderson Jr.) is a world-renowned fashion designer, who has earned a massive fortune of $1 billion from his prowess in designing classic American fashion wear for both men and women. He studied fashion design at the Fashion Institute of Technology in New York. He started designing clothes while still a teenager (at 19), and launched his first self designed Michael Kors Women’s wear line the year 1981.
In 1999, Michael was awarded with the CFDA Designer of the year award for women’s wear, and won the same award in 2003 for men’s wear. His success in fashion design also earned him the recognition of the first ever ready-to-wear designer for women. he was also appointed as the creative director for a French fashion house. He has also won various other awards and his work has been recognized world-wide.
Michael’s designer clothing collection is one of the hot favorites for many celebrities. This is evident as most celebrities are usually spotted wearing attire designed by him while attending red carpet events. Besides being known for his aptitude in designing classic wear, Michael is also renowned for his involvement as a judge on the reality television program known as “Project Runaway”. Michael has a chain of boutiques in prominent sites in United States, including Beverly Hills, New York, Palm beach and Chicago.
So, how does this talented designer spend his money? Well, Michael has spent his hard earned money quite brilliantly. He has spent a fortune to acquire a number or assets including a luxurious home in New York, a pricy and plush apartment located in the West Village area of Manhattan, and a fleet of luxury cars. Michael is married to Lance LePere, whom he married in the year 2011. The couple resides in their lavish home in New York.