Net Worth $1 Billion
Michael Kors is an American fashion designer with an estimated net worth of $1 billion.
Kors is best known for designing womenswear pieces and jewelry. He is 5’10″ and weighs 186 pounds.
During his teenage years, Kors designed clothes and named it Iron Butterfly. Then, upon dropping out the Fashion Institute of Technology, pursued his career as a fashion designer when he sold his designs in a small space at Bergdorf Goodman.
In 1981, he launched his first women’s wear line at Bloomingdales, Neiman Marcus, Saks Fifth Avenue, Bergdorf Goodman and Lord & Taylor. Four years after he had filed for bankruptcy in 1993, he returned to the fashion industry and launched his low-priced dress. He also began to design women’s ready-to-wear clothes for Celine, a well known French fashion line.
A talented designer, Kors did his own men’s wear in 2002. His runway collection which includes MICHAEL Michael Kors and KORS Michael Kors lines were launched in 2004. He also ventured in bags, accessories, jeans and shoes. During his career, he received the 1999 CFDA award for women’s wear designer of the year and the 2003 CFDA award for men’s wear designer of the year. He became one of the judges for reality show program, Project Runway from 2004-2012.
Karl Anderson Jr. was born on August 9, 1959 in Long Island, New York. He attended Fashion Institute of Technology in 1977. He married his partner Lance LePere in 2011.