Sophia Amoruso Net Worth
Sophia Amoruso net worth: Sophia Amoruso is a fashion designer and entrepreneur who has a net worth of $20 million. Sophia Amoruso began selling clothes out of her aunt's basement on eBay in 2006, when she was 22. Her online business, which she called "Nasty Gal Vintage", sold secondhand clothing that she found at San Francisco area thrift stores, and priced at a significant mark-up. Using social media platforms like MySpace and Facebook, she quickly grew a significant following. By 2008, she was forced to move off of Ebay because of the sheer volume of business she was getting. She opened her online shop, hired some staff, and kept going. In 2009, she expanded further, buying a warehouse space and increasing her inventory in order to meet demand. They subsequently moved to an even bigger space within the year. By 2012, she had attracted major investor attention, and received a $49 million investment from Index Ventures. The company now employs over 100 people and pulls in $24 million per year. Sophia Amoruso was called the "Cinderella of tech" by the New York Times, and appeared on Inc. Magazine's "30 Under 30" List in 2013. Unfortunately, by 2016, Nasty Gal's fortunes had reversed and the company was forced to file for bankruptcy. With the loss of the company, Sophia's net worth plummeted from a peak of $280 million.