Calvin Klein Net Worth
Calvin Klein Net Worth: Calvin Klein is an American fashion designer who has a net worth of $700 million. Calvin Klein was born November 19, 1942 in Bronx, New York City, New York. Klein's grandmother was a seamstress and he acquired his love of sewing from her. His mother encouraged his love of art and fashion. As a youth, while others his age were playing sports, Klein was busy studying, sketching fashion designs and sewing. He attended the High School of Art and Design and enrolled at, but never graduated from, New York's Fashion Institute of Technology, eventually receiving an honorary Doctorate in 2003. He began his professional career as an apprentice for a suit manufacturer (Dan Millstein) then launched the fashion design company that would become Calvin Klein, Inc. in 1968 with his close childhood friend Barry Schwartz. In addition to clothing, Calvin Klein went on to lend his name to a range of perfumes, watches, jewelry, eyewear, swimwear, furs, socks and accessories. Smart marketing was the key to Klein's success. He kept the media talking about him by creating controversy. He was the first to design women's underwear that looked like men's jockey shorts. His television ads for jeans starred Brooke Shields, who proclaimed "Nothing comes between me and my Calvins." Klein's three major fragrances Obsession, Eternity and Escape were huge successes, due in part to sexually-suggestive advertising. Advertising for his fragrances, CK One and CK Be, continued to challenge the public; some ads showed teens taking part in what some regarded as idealizing a drug culture. At this time, President Bill Clinton admonished the fashion industry not to glamorize addiction. Klein replied that these ads represented a departure from phony airbrushed images that were not connected to the reality of today's world.