Mike Jeffries net worth

Mike Jeffries net worth

Net Worth: $150 Thousand

About Mike Jeffries

Mike Jeffries net worth

It has been estimated that the current amount of Mike Jeffries net worth reaches a sum of 150 thousand dollars and it is expected to grow in the upcoming years even more. Mike Jeffries has accumulated his net worth through being a successful American businessman. Currently, he is known as a chairman and CEO of the company called “Abercrombie and Fitch”, which is known all around the world and which adds huge sums of money to the overall sum of Mike Jeffries net worth, as well.

Mike Jeffries was born in 1944. He spent his childhood in Los Angeles, California. There, his father was in charge of a store which provided party supplies and which was called “Party Time”. When he was 12 years old, Mike Jeffries was allowed by his father to choose merchandise for his father’s store’s toy department.

After he graduated from high school, Mike Jeffries enrolled into Claremont McKenna College, from which he graduated in 1966. There, he got his BA degree in Economics. Later, he also studied in a few other educational institutions, such as Columbia Business School and London School of Economics.

In 1984, Mike Jeffries started his career as a businessman, which started to accumulate the overall amount of Mike Jeffries net worth. In that year, he established a company called “Alcott and Andrews”. The company targeted at career women. Initially, the company proved to be a real success. However, in 1989 it had to be closed due to bankruptcy, which was caused by overexpansion. After it was closed, Mike Jeffries worked at a clothing chain called “Paul Harris”.

Later, Mike Jeffries was hired by Leslie Wexner to work at “Abercrombie and Fitch”. Leslie Wesner’s company “Limited Brands” bought “Abercrombie and Fitch” in 1988. Mike Jeffries is credited with creating the whole new look of the company of “Abercrombie and Fitch”. It is also the one, which started to bring huge sums of money to the total amount of Mike Jeffries net worth.

By the middle of 1990, a lot of new stores of “Abercrombie and Fitch” were established all over the world. In 1996, “Limited Brands” stopped getting involved in the company’s matters and the company was left solely for Mike Jeffries. During this time, the company also started to attract a lot of controversies, mainly surrounding the American Decency Association and the feminist movement. Also, Mike Jeffries statements were getting a lot of media attention and were usually cited in various newspapers.

Now you have an idea why Mike Jeffries net worth is this huge

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