Ralph Lauren is a Bronx-born American fashion designer with a net worth of $7.3 billion dollars. Ralph Lauren attended Baruch College in New York, but did not complete his degree in business, instead dropping out to sell men's wear. He later began to design his own neckties and men's clothes, and later added a women's wear line. He currently owns 35 boutique shops in the US.
Lauren has accumulated his net worth largely through the extreme popularity of his various clothing brands, including most famously Polo Ralph Lauren. He was born Ralph Lifshitz, and changed his name due to his original name's unfortunate obscene connotations in English. Not, as some have alleged, to escape his Jewish identity: "When I was a kid, the other kids would make a lot of fun of me. It was a tough name. That's why I decided to change it. Then people said, 'Did you change your name because you don't want to be Jewish?' I said, 'Absolutely not. That's not what it's about. My cousins who lived in California had changed their last name to Lawrence. So I just thought, "I'm going to pick a nice last name"—it wasn't particularly connected to anything or anyone.'" What would become the world-famous Polo brand was first seen in a line of shirts Lauren designed for women in the early seventies. Lauren had the innovative idea to design the women's shirts in a style usually associated with men's clothing, and the line was a huge success. Now, Ralph Lauren is one of the most famous and successful fashion designers of all time.