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Grizzly Bulls’ Billionaires Index

⬅ # 233 Torstein Hagen|# 235 James Goodnight ➡

# 234 Ralph Lauren 

$10.6B

Real Time Net Worth
as of 11/21/2024
$115.7M (1.09%)

# 234 Ralph Lauren 

$10.6B

Real Time Net Worth
as of 11/21/2024
$115.7M (1.09%)
OccupationChair, Ralph Lauren
Source of WealthApparel
Age85
ResidenceNew York, New York
Marital StatusMarried
Children3
EducationDrop Out, City University of New York City College; Diploma, High School
Age-Adjusted Net Worth$1.95B
Ralph Lauren
Ralph Lauren
United States
Net worth: $10.6B

Self-Made Score 

Movado Museum Classic Men's Watch - Swiss Quartz Movement

Wealth History

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Biography

Overview

Ralph Lauren, born Ralph Lifshitz on October 14, 1939, in the Bronx, New York City, is an American fashion designer, philanthropist, and billionaire businessman.
He was born to Ashkenazi Jewish immigrants Frieda and Frank Lifshitz, who originated from Pinsk, Second Polish Republic (now Belarus), with his mother being from Drahichyn, Belarus.
At age 16, Ralph legally changed his last name from Lifshitz to Lauren, a decision influenced by his brother Jerry Lauren, who had also changed his name due to bullying.
He attended DeWitt Clinton High School, eventually dropping out of Baruch College of the City University of New York after two years of studying business.
Lauren served in the United States Army from 1962 to 1964, after which he worked briefly for Brooks Brothers and then became a salesman for Rivetz, a necktie company.
In 1967, at age 28, he launched The Ralph Lauren Corporation, starting with men's ties.
Drawing on his interest in sports, Lauren named his first full line of menswear 'Polo' in 1968.
In 1971, he introduced the iconic Polo player emblem on tailored shirts for women, marking the first full women's collection launch the following year.
Ralph Lauren Corporation became publicly traded on the New York Stock Exchange on June 12, 1997.
In September 2015, Lauren stepped down as CEO, with Stefan Larsson taking over, while Lauren remained as executive chairman and chief creative officer.

Career Highlights

Lauren's business started from a tiny office in the Empire State Building, with his first breakthrough being a 1,200-tie order from Neiman Marcus.
He opened his first freestanding store for an American designer on Rodeo Drive in Beverly Hills in 1971.
The Ralph Lauren Corporation introduced the signature cotton mesh Polo shirt in 1972, becoming emblematic of the preppy look.
Fragrances for men and women were launched simultaneously in March 1978, marking the first time a designer introduced two fragrances concurrently.
In 1986, Lauren opened his flagship store in the Rhinelander mansion on Madison Avenue in New York City.
The Polo Sport line was introduced in 1992, followed by the acquisition of additional brands like Ralph Lauren Purple Label and Lauren Ralph Lauren.
Ralph Lauren Corporation launched polo.com in 2000, later relaunched as ralphlauren.com in 2007.
In 2008, the company launched American Living exclusively for JCPenney, the largest cross-category brand launch in the history of Ralph Lauren and JCPenney.
Lauren celebrated the 50th anniversary of his brand in 2018 with a fashion show at Bethesda Terrace in Central Park.

Philanthropy and Personal Life

For 30 years, Ralph Lauren has supported breast cancer research, co-founding Georgetown's Nina Hyde Center for Breast Cancer Research in 1989.
He married Ricky Ann Loew-Beer in December 1964, and they have three children: Andrew, David, and Dylan.
In April 1987, Lauren underwent surgery to remove a benign brain tumor and made a full recovery.
He owns a 17,000-acre cattle ranch in Ridgway, Colorado, and a 17,000 sq ft manor built in 1919 in Bedford, New York.
Ralph Lauren is renowned for his collection of automobiles, with about 100 rare cars, some of which have won prestigious awards.

Ralph Lauren's Wealth is Equivalent to:

8,137,028 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

2,000,000 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

108,028 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Ralph Lauren?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Ralph Lauren's net worth of $10.6B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Ralph Lauren is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Ralph Lauren, Apparel is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey