He Transformed Gucci Into a Fashion Powerhouse: What Is Tom Ford's Net Worth?

He Transformed Gucci Into a Fashion Powerhouse: What Is Tom Ford's Net Worth?
Tom Ford attends the 2023 Costume Institute Benefit celebrating "Karl Lagerfeld: A Line of Beauty" at Metropolitan Museum of Art on May 01, 2023 in New York City. | Getty Images | Photo by Taylor Hill

Name  Tom Ford
Net Worth  $2 Billion
Salary  N/A
Annual Income  N/A
Sources of Income  Fashion, Directing
DOB  27 August 1961
Age 62 Years
Gender  Male
Nationality  United States of America 
Profession  Fashion Designer, Film Director

Tom Ford is a fashion and film icon with a net worth of $2 billion, as per Celebrity Net Worth. He started as an actor and later transformed many famous fashion brands like Gucci and Yves Saint Laurent. His debut film "A Single Man" also received acclaim. Ford's financial success is evident in his global property holdings, including his Santa Fe ranch. His journey, from acting to reshaping luxury brands and leaving a mark in the film industry, highlights his enduring influence and financial power.

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: Tom Ford arrives at the Women's Cancer Research Fund's 'An Unforgettable Evening' at the Beverly Wilshire, A Four Seasons Hotel on February 27, 2020 in Beverly Hills, California. Getty Images | Photo by Morgan Lieberman
: Tom Ford arrives at the Women's Cancer Research Fund's 'An Unforgettable Evening' at the Beverly Wilshire, A Four Seasons Hotel on February 27, 2020, in Beverly Hills, California. Getty Images | Photo by Morgan Lieberman

Tom Ford's income comes from two major sources: fashion and film. With a remarkable net worth of $2 billion, his journey to financial success is quite extraordinary. In November 2022, he made a significant leap in wealth by selling his own fashion brand to Estée Lauder for an astounding $2.8 billion.

Tom initially aimed for an acting career, which led to him landing an impressive twelve television commercials concurrently. However, he discovered his passion for fashion and decided to pursue it. His fashion career took off as he worked with respected names like Cathy Hardwick and Perry Ellis. In 1990, he joined Gucci as the head of their women's ready-to-wear line when the brand was struggling.

Over the next fifteen years, Tom's creative genius played a pivotal role in reviving Gucci. He ascended to the position of Creative Director, orchestrating an incredible transformation that lifted Gucci's value from near bankruptcy to an astounding $10 billion. His contributions to the fashion world were celebrated with numerous prestigious awards.

Tom then shifted his focus to the world of film. He ventured into writing, producing, and directing, resulting in the critically acclaimed feature film, "A Single Man," starring Colin Firth and Julianne Moore. Tom Ford's success in both fashion and film has offered him the means to acquire financial success. 

Estée Lauder sale

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In November 2022, Tom Ford sold his brand to Estée Lauder for a whopping $2.8 billion, their biggest purchase ever. After taxes, his net worth quickly jumped from $500 million to an impressive $2 billion. Tom Ford's brand was already making $1 billion each year from selling products like clothes, makeup, and fragrances.


 
 
 
 
 
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Twitter 148.7K followers
Facebook 2.1 million followers

Tom Ford has an impressive real estate collection. He owns a $52 million Hamptons estate with a Kennedy family connection, a $40 million mansion in Los Angeles near the Playboy Mansion, and a $51 million mansion in Palm Beach, Florida. He also had a massive ranch in Santa Fe, New Mexico, with a Wild West town featured in movies like "3:10 to Yuma" and "Thor," which he sold in 2021 for an undisclosed amount.

Tom Ford walks the runway during the Tom Ford S/S 2023 fashion show during New York Fashion Week at Skylight on Vesey on September 14, 2022 in New York City. WireImage | Photo by Taylor Hill
Tom Ford walks the runway during the Tom Ford S/S 2023 fashion show during New York Fashion Week at Skylight on Vesey on September 14, 2022, in New York City. WireImage | Photo by Taylor Hill

In 2014, Tom Ford married his partner of 28 years, Richard Buckley, whom he met in an elevator in 1986 and fell in love with instantly. They became parents to their son, Alexander John "Jack" Buckley Ford, born in 2012 through a surrogate. Sadly, in September 2021, Richard, who had once been the editor-in-chief of Vogue Hommes International, passed away at the age of 71, marking a significant moment in Tom Ford's personal life.

Satellite Awards - Auteur Award (2017)
Hollywood Film Awards - Hollywood Breakthrough Award for Breakthrough Directing (2016)
San Francisco Film Critics Circle - Best Screenplay, Adapted (2016)
San Diego Film Critics Society Awards - Best Screenplay, Adapted (2016)
Las Vegas Film Critics Society Awards - Best Screenplay, Adapted (2016)
Queerty - Fashionista (2017)
Guild of German Art House Cinemas - Guild Film Award - Gold for Foreign Film (2010)
GLAAD Media Awards - Vito Russo Award (2007)

 

Honorary Chair Tom Ford and Co-Chairs Ryan Reynolds and Blake Lively attend The 2022 Met Gala Celebrating
Honorary Chair Tom Ford and Co-Chairs Ryan Reynolds and Blake Lively attend the 2022 Met Gala Celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 02, 2022, in New York City. | Getty Images | Photo by Matt Winkelmeyer

Is Tom Ford Married?

Yes, he was married to Richard Buckley.

How tall is Tom Ford?

He is six feet tall.

Does Tom Ford have siblings?

Yes, he has one sister named Jennifer Ford.

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