Tommy Hilfiger Net Worth - NewsNow Nigeria
Tommy Hilfiger, a well-known fashion designer, has a net worth of $250 million.
Thomas Jacob Hilfiger, also known as Tommy, was born on 24th March 1951 in Elmira, New York State, USA. He hails from German-Swiss and Irish descent. His design prowess led him to establish his own self-named company which has been extremely successful. Tommy has created a multitude of product lines including True Star Gold, Red Label, Tommy Jeans, Hilfiger Athletics, and Tommy Girl among others. Despite being 64 years old, Tommy continues to expand his company and create new products.
Tommy Hilfiger’s net worth stands at an estimated $400 million. The primary source of this wealth is his clothing company, with various product lines significantly contributing to his income. Tommy’s father, a jeweler, possibly influenced his interest in arts and design. After forgoing further studies following high school, Tommy ventured into business by opening a successful store called “People’s Place”. Despite the closure of the shop in 1975, Tommy’s net worth continued to grow. He declined offers to work with renowned designers and chose to study business. In 1979, he established Tommy Hill and further expanded his influence by founding 20th Century Survival. His breakthrough came in 1986 when, with the help of businessman Mohan Murjani, he launched his iconic Tommy Hilfiger company.
In 2010, Hilfiger made the decision to sell his company to Phillips-Van Heusen, the owner of Calvin Klein, for $3 billion but retained the name. Tommy remains the chief designer and continues to lead the company. Additionally, the sale significantly boosted his net worth, with annual sales of over $6 billion.
Tommy Hilfiger’s autobiography, “American Dreamer,” was published in 2016, providing insights into his personal life and the fashion industry. He married Susie Cirona in 1980, with whom he has four children. After their marriage ended in 2000, Tommy married Dee Ocleppo in 2008, with whom he has one child.
Tommy is also actively involved in philanthropy, having established The Tommy Hilfiger Corporate Foundation in 1995. This foundation particularly supports health, cultural, and educational programs, as well as other charities focusing on underprivileged American youth.
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