Marc Jacobs was born 9 April 1963, in New York City, USA, into a (non-observant) Jewish family. Mar is famous all over the world as a fashion designer, not only launching the labels Mark Jacobs and Marc by Mark Jacobs, but also being their head designer. These fashion lines have more than 250 stores in 80 countries around the world.
Marc Jacobs Net Worth $100 Million
So just how rich is Marc Jacobs? Sources estimate that the net worth of Marc is as much as $100 million, with the majority of his wealth coming from his work in the world of fashion.
Mark Jacobs spent most of his youth with his grandmother in New York, as his father died when he was seven, and his mother was apparently mentally unstable. Marc is a graduate of High School of Art and Design as well as Parsons School of Design. While being a student at Parsons he won the Design Student of the Year Award, Chester Weinberg Gold Thimble Award and Perry Ellis Gold Thimble Award. From the beginning of his studies Marc showed promising, with an eye for exclusive taste, and understanding of fashion. The first collection by Marc Jacobs was designed in 1987. A year later, he was rewarded as a “New Fashion Talent” by the Council of Fashion Designers of America’s Perry Ellis Award, the youngest ever. In 1991, Mark won the Council of Fashion Designers of America award. Afterwards, Robert Duffy and Marc Jacobs held the positions of the president and vice president as the founding namesake of Perry Ellis design unit died. For his outstanding works Jacobs won The Women’s Designer of the Year Award which is given by the Council of Fashion Designers of America in 1992. Needless to say, all these activities and awards contributed significantly to Marc Jacobs’ net worth.
After this success, Marc launched his international company and added the menswear collection. Due to the popularity of the clothes Jacobs created, he became the creative director of Louis Vuitton. What is more, the secondary line titled Marc by Marc Jacobs was launched in 2001. Jacobs expanded his business adding a new line of fragrances which were sold by Coty. Currently, he owns a considerable perfume collection and it also is the source of his net worth. During his career as a designer he has been awarded as Womenswear Designer of the Year four times (1991, 1992, 1997, 2010), Accessory Designer of the Year four times (1998, 1999, 2003, 2005), Menswear Designer of the Year (2002). In 2011, he received the Lifetime Achievement Award for his contribution to fashion.
From 1997 to 2013, Marc Jacobs worked as a creative director for the Louis Vuitton fashion house. He was rewarded by French Minister of Culture with The Ordre des Arts et des Lettres for his contribution to fashion. In 2013, Marc announced that he was leaving Louis Vuitton in order to have more time to work on his own lines.
In his personal life, Marc Jacobs openly admits to be gay. Jason Preston was his partner for some time, then Jacobs was in a long relationship with Lorenzo Martone, even being engaged before separating. Marc is also a philanthropist, including founding “Protect The Skin You’re In”, a project which promotes awareness of skin cancer.
