Karl Otto Lagerfeld was a noted German costume and fashion designer, art director, photographer, as well as an artist. To the public, Karl Lagerfeld was perhaps best known as a director of the privately held company called “Chanel”, which was established in 1909 by the popular fashion designer Coco Chanel. Over the years, “Chanel” grew to be one of the most sophisticated and well-known high fashion houses in the world – such people as Nicole Kidman, Marilyn Monroe, Keira Knightley, and Vanessa Paradis to name a few, have all worn “Chanel” product brands. Initially, the company specialized in catering to women’s needs in terms of simply designed clothes and jewelry, yet it grew to encompass perfumes, colognes, make-up and other skincare, as well as jewelry and watches. Karl Lagerfeld became a fashion designer at “Chanel” in 1983, and has been in the company ever since. Lagerfeld had opportunities to present his collections in such cities as Paris, Versailles, Dubai and Singapore. He passed away in 2019.
Karl Lagerfeldt Net Worth $125 Million
In addition to working at “Chanel”, Karl Lagerfeld was also a creative director at the Italian luxury fashion house called “Fendi”, which he joined in 1965. The company primarily specializes in fur and leather goods, for which Lagerfeld was responsible. Currently, “Fendi” has over 200 stores around the world, while its annual revenue is estimated to reach approximately $800 million.
A famous fashion designer, how rich was Karl Lagerfeld? Sources state that Karl Lagerfeld’s net worth was estimated to beover $125 million at the time of his death, most of which undoubtedly came from his involvement in the fashion industry.
Karl Lagerfeld was born in 1933 in Hamburg, Germany. One of his first jobs in the fashion industry was working for French designer Pierre Balmain as his assistant for three years before he started working for Jean Patou. Prior to his big breakthrough, Lagerfeld had designed several collections, and had collaborated with other fashion designers. During the 1970s, Lagerfeld had an opportunity to create costumes for various theatrical productions, but finally reached the peak of his career when he joinedthe “Chanel” company, with which he was able to showcase his artistic skills.
Throughout his career, Lagerfeld designed costumes for such well-known celebrities as Kylie Minogue and Madonna, as well as dressed the characters of the “Callas Forever” biographical film, starring Fanny Ardant, Jeremy Irons, Joan Plowright and Jay Rodan. In 2011, Karl Lagerfeld joinedthe “Hogan” company, and “Macy’s” corporation.
In addition to being a designer, Lagerfeld also excelled as a photographer, and had his photographs printed in such famous magazines as “Vogue” and “Harper’s Bazaar”. For his contributions to the fashion industry, Karl Lagerfeld was rewarded with The Couture Council Fashion Visionary Award, which he received in 2010.
Karl Lagerfeld resided in Paris, France for most of his later life. He died in the American Hospital in Paris on 19 February 2019.
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