10. Ralph Lauren (Net Worth: $5.6 billion)
“Ooh, who’s the silver fox?” said Phoebe as she saw a picture of Ralph Lauren on a magazine. On that special episode of F.R.I.E.N.D.S, Ralph appeared as himself in a cameo role. The TV series told a story of how Rachel worked at Ralph Lauren. And this article will tell you a story of how Ralph made himself a billionaire.
He dropped out of Baruch College to serve the Army. He first encountered the world of fashion as he worked part-time job in garment industry. He took this job seriously. And this statement is proven with the fact that he managed to sell $500,000 worth of ties in 1967 through his tie-making business he opened in a tiny office at Empire State building.
After designing ties for other brands, Ralph decided to launch his own brand, Ralph Lauren. Today, it is one of the leading fashion brands in the world.
Ralph has no longer served as the company’s CEO since two years ago. But he remains the chairman and controls majority of the voting rights. And while the company is making $7.4 billion of sales, Ralph has gained $5.6 billion of net worth.
