Fashion Designer Tory Burch is One of the World's Most Powerful Women; Here's Her Net Worth
Name | Tory Burch |
Net Worth | $1 Billion |
Salary | 40 Million+ |
Annual Income | 90 Million+ |
Source of Income | Business |
DOB | Jun 17, 1966 |
Age | 57 years old |
Gender | Female |
Profession | Businessperson, designer |
Nationality | American |
Listed among the most powerful women by Forbes in 2020, designer Tory Burch has turned her name into a major fashion brand, to become an iconic American entrepreneur, and philanthropist with a net worth that currently stands at $1 billion. She started her journey to success with an eponymous clothing company Tory Burch LLC, and the launch of her $200 ballet flats. Her brand has since blossomed into a lifestyle empire generating an annual revenue of more than $1.5 billion, from the sale of watches, apparel, and fragrances.
What are Tory Burch's sources of income?
Tory Burch's primary source of income is a fashion label that bears her own name, and was established in February 2004 when she introduced her clothing line, "TRB By Tory Burch." Starting out in her kitchen, she created her first collection within just eight months, and the brand quickly gained fame for its colorful tunics and ballet flats and became a pioneer of the mid-2000s casual chic movement.
Celebrity endorsements
A significant milestone for Burch was her appearance on "The Oprah Winfrey Show" in 2005, where she garnered the endorsement of the famous host. This catapulted her into the limelight, helping her brand gain widespread recognition and acclaim.
Business ventures
In addition to her fashion line, Burch collaborated with Estée Lauder to launch a fragrance in 2013. She was also an early adopter of wearable technology who partnered with Fitbit in 2014. In the same year, she released her best-selling book "Tory Burch in Color" and introduced a collection of watches in collaboration with Fossil.
In 2019, Tory Burch expanded her brand into beauty products, entering into a partnership with the Japanese personal care company Shiseido for development and distribution. Her brand is now featured in over 3,000 department stores worldwide, with over 250 Tory Burch stores globally.
Tory Sport, a separate activewear brand, was launched in September 2015. Although initially distinct from her primary brand, it was eventually integrated into the original Tory Burch brand. This move allowed her to branch into home décor and kitchen accessories.
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Real estate and total assets
Burch's properties include a stunning 15,000-square-foot penthouse in Manhattan's iconic Pierre Hotel. Her assets also include stakes in tech startups and philanthropic ventures.
Earnings growth by year
Year | Earnings |
2021 | $976 Million |
2022 | $989 Million |
2023 | $1 Billion |
Social media following
Instgaram | 3.5 Million Followers |
337,500 Followers | |
188,283 followers |
Personal life and awards
Burch has been married three times and is a mother of three children. Her commitment to her role as a mother has earned her recognition as one of the "50 Most Powerful Moms of 2015" by Working Moms Magazine.
Her contributions to the fashion industry have not gone unnoticed, and In 2008, Burch was awarded the prestigious "Accessories Designer of the Year" by the Council of Fashion Designers of America (CFDA).
FAQs
What is Tory Burch's net worth?
Tory Burch's net worth stands at $1 billion.
What is the primary source of her income?
Her primary source of income is her eponymous fashion brand, Tory Burch.
What notable endorsements has Tory Burch received?
One of her most significant endorsements came from Oprah Winfrey, who featured her on "The Oprah Winfrey Show."