Yves Saint Laurent Net Worth
Yves Saint Laurent has an estimated net worth of $500 million. Yves Saint Laurent was best known as an influential European fashion designer who impacted fashion from the 1960s to the present day. He earns most of his income from his fashion business.
As a teen, Yves Saint Laurent moved to Paris to work for Christian Dior, where he became well-known for his dress designs. In 1966, he launched his own fashion labels, becoming famous for his tuxedo adaptations for women. In 1983, he became the first living designer to have a solo exhibition at New York’s Metropolitan Museum of Art.
To calculate the net worth of Yves Saint Laurent, 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:||Yves Saint Laurent|
|Net Worth:||$500 Million|
|Monthly Salary:||$2 Million|
|Annual Income:||$40 Million|
|Source of Wealth:||Fashion Designer|
Yves Henri Donat Matthieu Saint Laurent was born in Oran, Algeria, on August 1, 1936, to Charles and Lucienne Andrée Mathieu-Saint-Laurent. He was raised in a Mediterranean villa with his two younger sisters, Michelle and Brigitte. While his family was relatively well-off — his father was a lawyer and insurance broker who owned a cinema chain — the future fashion icon’s childhood was difficult.
Saint Laurent was not well-liked at school and was frequently bullied by classmates for appearing to be homosexual. As a result, Saint Laurent was a nervous child who got sick almost every day.
However, he found solace in the world of fashion. He enjoyed making intricate paper dolls, and by his early adolescence, he was designing dresses for his mother and sisters. When Saint Laurent was 17, his mother took him to Paris for a meeting with Michael de Brunhoff, the editor of French Vogue, and a whole new world opened up for him.
Saint Laurent, who had impressed de Brunhoff with his drawings, moved to Paris a year later and enrolled at the Chambre Syndicale de la Couture, where his designs quickly gained attention.
De Brunhoff also introduced Saint Laurent to Christian Dior, a fashion industry titan. “Dior fascinated me,” Saint Laurent explained later. “I couldn’t say anything in front of him. He taught me the fundamentals of my craft. Whatever happened after that, I’d never forget the years I spent by his side.” Saint Laurent’s style continued to mature and gain attention under Dior’s tutelage.
Going His Own Way
Saint Laurent was summoned back to his native Algeria in 1960 to fight for the country’s independence. He obtained a medical exemption, but when he returned to Paris, Saint Laurent discovered that his job with Dior had vanished.
The news was initially upsetting for the young, frail designer. Then things got nasty, with Saint Laurent successfully suing his former mentor for breach of contract and collecting £48,000 in damages.
The money and freedom soon presented Saint Laurent with a once-in-a-lifetime opportunity. The designer decided to open his own fashion house with the help of his partner and lover, Pierre Berge.
Saint Laurent’s timing couldn’t have been better, with the rise of pop culture and a general desire for original, fresh designs.
Saint Laurent’s designs dominated the fashion world for the next two decades. His creations were adored by models and actresses alike. He dressed women in blazers and smoking jackets and introduced pea coats to the runway. The sheer blouse and jumpsuit were also signature pieces for him.
Later Years and Death
Saint Laurent had become a true icon by the 1980s. He was the first designer to have a retrospective of his work at New York’s Metropolitan Museum. The fashion house thrived as a money-making venture under the direction of Berge, who continued to manage Saint Laurent’s firm even after the two split up in 1986.
However, Saint Laurent struggled. He became reclusive and battled alcohol and cocaine addictions. Some in the fashion industry claimed that the designer’s work had become stale.
Saint Laurent found a more stable footing in the early 1990s. His designs were rediscovered by a fashion elite tired of the grunge movement that had dominated the runways. Saint Laurent, too, appeared to have overcome his demons. By the end of the decade, with Saint Laurent’s work pace slowing, he and Berge had sold the company they’d founded, making the two men wealthy.
Saint Laurent gave his final show in January 2002 before retiring for good in Marrakech. Saint Laurent’s imprint and importance on French culture were cemented five years later when he was named Grand Officer of the Legion d’honnerur by French President Nicolas Sarkozy.
Yves Saint Laurent died on June 1, 2008, in Paris, after a brief illness.
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