Marc Jacobs Net Worth
Marc Jacobs Net Worth: Marc Jacobs is an American fashion designer who has a net worth of $100 million dollars. Marc Jacobs was born April 9, 1963 in New York City, New York. Jacobs' home life was turned upside-down at the age of 7 when his father died from ulcerative colitis. He eventually went to live with his grandmother, where Jacobs said he felt truly felt at home. While his grandmother allowed Jacobs to enjoy a permissive adolescence, he managed to stay focused on his dreams of becoming an important designer. By age 15, he was attending the High School of Art and Design during the day and working after school at the upscale clothing boutique Charivari where, as only a stock boy, Jacobs was given the opportunity to design sweaters for the store. The work helped Jacobs land a spot at the coveted Parsons School for Design, where he won both the Perry Ellis Gold Thimble Award and Design Student of the Year at graduation (1984). At the age of 21, Jacobs designed his first collection for the label Sketchbook for Reuben Thomas, citing the films Amadeus and Purple Rain as his inspirations for the line. In 1987, he became the youngest designer to win the Council of Fashion Designers of America Perry Ellis Award for New Fashion Talent. Jacobs took over as the women's wear designer for Perry Ellis, where he won the prestigious 1992 CFDA prize for Womenswear Designer of the Year (and took the award again in 1997). That same year, amid the pressures of the industry, Jacobs's personal life went into upheaval when he hit a period of heavy drug use, including regular binges of cocaine, heroin and alcohol. He checked into rehab in 1999. A clean and sober Jacobs launched Louis Vuitton's first ready-to-wear line while expanding his own label. He also licensed his name to perfumes and accessories. The Council of Fashion Designers of America named Marc Jabobs the Menswear Designer of the Year in 2002 and Accessories Designer of the Year in 1998/99, 2003 and 2005.