Karl Lagerfeld net worth

Karl Lagerfeld net worth

Net Worth: $125 Million

About Karl Lagerfeld

Karl Lagerfeld net worth

Karl Lagerfeld is a world famous fashion designer, born in Germany and currently based in Paris. He rose to prominence in the early 1970s and earned further recognition after being appointed creative director/head designer for Chanel, a French fashion house. In addition to this, Lagerfeld currently owns a number of his own labels. During his lengthy career, which now spans over six decades, the legendary designer has collaborated on the vast range of art and fashion related projects. He is widely recognized for his trademark features: high starched collars, black glasses and snow-white hair. As for 2013, Karl Lagerfeld net worth is estimated at $125 million, making him one of the wealthiest men in fashion industry.
Karl was born in Germany, in a family of Elizabeth and Otto Lagerfeld. His father, who originated from Sweden, was a wealthy businessman, the introducer of condensed milk. Although Otto’s fortune did not come close the current Karl Lagerfeld net worth, his enterprise largely saved the family from the poverty that has spread in Germany during the Second World War. The future millionaire grew up with his older sister Martha Christiane (Christel).

After attending a prestigious private school in Germany, Karl continued his studies in Paris, eventually earning a degree in history and drawing.
Karl Lagerfeld net worth started to grow in the mid 1950s, as a twenty-year-old won a competition and was hired by Pierre Balmain as his personal assistant. Following this he worked for Jean Patou barnd, where he created two high fashion collections. Unfortunately, neither of them was received positive evaluations. Lagerfeld was widely criticized for not being able to keep any continuation with the last year’s trend and paying too much attention for shape at the cost of color. His black cocktail dresses attracted a negative media attention, as the low-cut fronts were widely deemed to vulgar for haute couture collection. The popular opinion regarding Lagerfeld’s work has changed unrecognizably during the 1960s. His Spring 1973 collection designed for Chloe was widely praised as offering something that was “both high camp and high fashion” and was even named “extraordinary sensation”. This collection helped Karl establish his name as trend-setter.
In 1983 the fashion guru was appointed as creative director and head designer for the French privately held company Chanel. As he started to work with this legendary high fashion brand, founded in 1909, Karl Lagerfeld net worth shot to the stars. What about his personal life? Little is known about Lagerfeld’s daily routine or his romantic relationships, as the designer is especially sensitive about his privacy. As for the day he is based in Paris, the city known as the capital of high fashion, and shares his luxurious apartment with a cat, Choupette.

Now you have an idea why Karl Lagerfeld net worth is this huge

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