Marc Jacobs Net Worth 2022 – Salary, Income, Spouse

Marc Jacobs Net Worth 

Marc Jacobs has an estimated net worth of $200 million. Fashion designer Marc Jacobs is a powerhouse in the fashion world fueled by the success of his own eponymous label. He earns most of his income from his fashion business. 

Marc Jacobs’ career in fashion began at the Parsons School of Design, where he later worked for Perry Ellis. From 1997 to 2014, he was the creative director of Louis Vuitton. Jacobs founded his own labels, Marc Jacobs and Marc by Marc Jacobs, and he remains a fashion powerhouse.

To calculate the net worth of Marc Jacobs, 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:

Name: Marc Jacobs
Net Worth: $200 Million
Monthly Salary: $70 Thousand
Annual Income: $10 Million
Source of Wealth: Fashion designer, Designer, Costume designer, Actor

Learn More: Top 30 Richest People In The World

Early Life

Marc Jacobs was born in New York City on April 9, 1963. Jacobs’ home life was turned upside down at the age of 7 when his father died of ulcerative colitis – a disease Jacobs also suffered from.

According to Jacobs, his mother reacted badly to his father’s death and began a life of power dating and failed marriages that severely shook the family. With each remarriage, Jacobs and his siblings were forced to move to a new house, from New Jersey to Long Island and then to the Bronx.

Feeling estranged from his mother and siblings, Jacobs moved in as a teenager to live with his paternal grandmother on Manhattan’s Upper West Side.

Jacobs felt truly at home with his grandmother. Her love of aesthetically beautiful things and her appreciation for Jacobs’ creative designs helped the grandmother and grandson develop a close relationship.

“I always say I lived my life with my grandmother,” Jacobs says. “She was emotionally stable, and she encouraged me a lot. Jacobs’ grandmother also allowed Jacobs to have a free-spirited youth full of self-awareness. “No one ever said no to me,” he says. “No one ever told me anything was wrong. Ever. No one ever said, ‘You can’t be a fashion designer.’ No one ever said, ‘You’re a boy and you can’t take tap dancing lessons.’ No one ever said, ‘You’re a boy and you can’t have long hair.’ No one ever said, ‘You can’t go out at night because you’re 15 and 15-year-olds don’t go to nightclubs.’ Nobody ever said it was wrong to be gay or right to be straight.”

Fashion Prodigy

Despite his liberties, Jacobs remained focused on his ambitions of becoming a major designer. By 15, he was attending the High School of Art and Design during the day and working at the upscale clothing boutique Charivari after school.

Charivari’s staff allowed their young stockboy to design sweaters for the store in between folding clothes and dressing mannequins. The work helped Jacobs gain admission to the prestigious Parsons School of Design, where he distinguished himself among his peers by winning both the Perry Ellis Gold Thimble Award and Design Student of the Year at graduation in 1984.

At the age of 21, he designed his first collection for the label Sketchbook for Reuben Thomas, shortly after graduating. He cited the visually stunning films Amadeus and Purple Rain as influences for the line. He was the youngest designer ever to receive the Council of Fashion Designers of America’s Perry Ellis Award for New Fashion Talent in 1987.

Jacobs became the women’s-wear designer for Perry Ellis, where he won the prestigious CFDA award for Womenswear Designer of the Year in 1992. (an award he would win again in 1997).

After Perry Ellis closed its manufacturing operations in 1993, and Jacobs sent out a “grunge” collection for the label that critics loved but the company despised, Jacobs went it alone. He founded his own company with longtime business partner Robert Duffy, with financial backing from his former employers. Marc Jacobs’ label quickly became a success.

Learn More: Top 30 Richest People In The World

Struggles and Success

Jacobs was appointed creative director of the Louis Vuitton house of luxury goods in Paris in 1997. The job was a professional triumph, but it introduced new stresses into Jacobs’ personal life. He began a period of heavy drug use, consuming cocaine, heroin, and alcohol almost every night.

“It’s a cliché,” Jacobs later said of his addiction, “but I was taller, funnier, smarter, and cooler when I drank.” Jacobs was persuaded to seek help by friends including model Naomi Campbell and Vogue editor Anna Wintour. In 1999, he entered rehab.

After getting sober, Jacobs re-entered the fashion industry, launching Louis Vuitton’s first ready-to-wear line and expanding his own label. His three Marc Jacobs collections — two for adults and one for children — are available in dozens of Marc Jacobs boutiques around the world.

In addition, he has licensed his name to perfumes and accessories. He was named Menswear Designer of the Year by the Council of Fashion Designers of America in 2002, and Accessories Designer of the Year in 1998/99, 2003, and 2005.

Personal Life & Spouse

Years after his debut as the fashion world’s “boy wonder,” Jacobs’ work continues to turn heads. “For some reason, Marc’s show is always the most important place to be seen,” one fan explained, “the one place where you know all the important people will be.”

Marc Jacobs married longtime partner Char Defrancesco in New York City on April 6, 2019. Kate Moss, Bella, Gigi Hadid, and Emily Ratajkowski were among the celebrities who attended the wedding. On Defrancesco’s birthday in 2018, Jacobs proposed in a Chipotle restaurant.

Further Reading

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