Christian Louboutin Net Worth
Christian Louboutin has an estimated net worth of $1.6 billion. Fashion designer Christian Louboutin has developed an international following for his distinctive red-soled footwear. He earns most of his income from his fashion business.
Christian Louboutin, who was born in France in 1963, began creating fantastical footwear in his early teens. He was expelled from school at the age of 16, and two years later began working for famed shoe designer Charles Jourdan. Louboutin debuted his own women’s shoe line in the early 1990s.
In 1993, he introduced his infamous red soles. Louboutin expanded into women’s handbags in 2003. In 2011, he launched his men’s shoe line.
To calculate the net worth of Christian Louboutin, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$1.6 Billion|
|Monthly Salary:||$1 Million|
|Annual Income:||$50 Million|
|Source of Wealth:||Fashion Designer, Entrepreneur|
Christian Louboutin, the famed shoe designer, was born in Paris, France, in 1963 and had little interest in school as a child. He was the first child of a cabinetmaker and a stay-at-home mother. Because his father was rarely present, Louboutin spent much of his childhood with his mother and three sisters.
Louboutin discovered his passion for life by accident. A visit to a museum was enough. There he saw a sign saying that shoes with high heels were not allowed there. “I was totally fascinated by that sign. I had never seen shoes like that,” he told W.
Soon Louboutin was filling notebooks with his own shoe sketches. Another inspiration was a book of Roger Vivier designs given to him by a friend. Vivier designed shoes for Christian Dior in the 1950s.
Expelled from school at the age of 16, Louboutin soon worked at the famous Folies Bergère cabaret in Paris. He did all sorts of work for the dancers, including fulfilling his personal dream of designing shoes for them. Louboutin learned about the shoe business when he got a job at Charles Jourdan in the early 1980s.
After working as a freelance designer for a while, Louboutin opened his own shop in Paris in the early 1990s.
He found the inspiration for his trademark red outsoles in 1993. “My assistant was sitting there painting her nails red. I took one look and decided to dye my soles red to make a statement for the season,” Louboutin told Footwear News. “I thought, ‘Oh my god! Red soles are so flirty,’ and my customers asked me not to stop.”
His artful yet sexy shoes soon attracted Princess Caroline of Monaco, one of his first clients. Madonna wore his dangerously high heels in some of her videos and helped introduce Louboutin to the world.
Season after season, Louboutin has continued to produce imaginative footwear. “I often imagine a courtesan living out her life in a circus for inspiration,” he told Marie Claire magazine. He has made his bizarrely beautiful shoes into an international success story.
According to The New Yorker, he sells over 500,000 pairs of his amazing shoes each year. A pair of Louboutins can cost anywhere from nearly $400 to $6,000. In addition to his Paris headquarters, Louboutin has stores all over the world.
Louboutin has worked to broaden his fashion reach beyond women’s shoes. He expanded into handbags in 2003, men’s shoes in 2011, and has since introduced nail polish, lipstick, and fragrances.
Outside of his fashion empire, Louboutin has undertaken some creative endeavors. In 2007, he collaborated with director David Lynch on a photo exhibit. Many elements of Feu, or “Fire,” a show at the legendary Parisian club Crazy Horse, were designed by Louboutin in 2012.
Despite his success, Louboutin has worked hard to protect his designs from counterfeiters and copiers. He sued the fashion house Yves Saint Laurent for using red outer soles on some of its shoes, and in 2012 he sued the Dutch company vanHaren for the same reason. To address the issue of counterfeit shoes, the designer also launched his own website.
Louboutin’s attempts to trademark his signature red soles were thwarted in February 2018 when the European Court of Justice advocate general ruled that the color of his shoe soles could not be considered a separate entity from the shape of the product, undermining his trademark infringement claims.
However, the European Union’s top court ruled in June in favor of Louboutin, stating that the law prohibiting the registration of shapes did not apply in this case, sending the case back to a Dutch court for a final decision.
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