Karl Lagerfeld Net Worth
Karl Lagerfeld net worth: Karl Lagerfeld was a German fashion designer who had a net worth of $300 million dollars at the time of his death in February 2019. Born in Hamburg, Germany, Karl Lagerfeld began working in fashion professionally when he was 22 years old. He placed runner-up to Yves Saint Laurent in a design competition and was offered an apprenticeship with Pierre Balmain. After three years with Balmain, he began designing for Jean Patou, but his collections were not critically successful. At this point he actually decided to quit and reassess. He returned to the design world two years later, freelancing with multiple design houses, and often designing entire collections. During this time he designed for Tiziani, Chloe, Fendi, Valentino, Repetto, and for multiple film and theatrical productions. In the early 80s, he began to add more and more international design houses to his roster, including, Isetan in Japan, Charles Jourdan, and Ballantyne. In the late 90s and early 2000s, he began designing collections for popular retail companies, including a limited-edition jeans line for Diesel, and an entire collection for H&M.
Karl Lagerfeld net worth, contracts and salary: Unlike many of his peers, Karl never had a personal collection that became a huge success and was sold off for billions. He did however make a fortune designing for other people. Much of his career was defined by a longstanding associations with Chanel and Fendi. He was creative director of Fendi from 1965 to his death and Chanel from 1983 to his death. Karl had lifetime contracts with both brands. The two contracts reportedly left him with a minimum of $50 million per year in income. At the time of his death, on February 19, 2019 at the age 85, Karl was considered the most prolific fashion designer of the 20th and 21st centuries. Late into life he could regularly design more than a dozen collections per year. His personal library at his home in Paris reportedly featured more than 300,000 books.