Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#311 Ralph Lauren $5.40B

Random fact: Has been married to his wife, Ricky, for more than 40 years.

Overview

Lauren is the founder and largest shareholder of Ralph Lauren Corp., a fashion design and retail business. The New York-based company sells branded merchandise such as Polo and Club Monaco and had revenue of about $7.5 billion in 2016. The retailer also sells home products, such as paint, and accessories and fragrances.

As of July 21, 2017:
Last change +$20.1M (+0.4%)
YTD change -$192M (-3.4%)
Industry Consumer
Biggest asset Cash
Citizenship United States
Age 77
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Ralph Lauren's net worth of $5.40B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Lauren's fortune is derived from his 48 percent stake in his namesake clothing business. His shares -- most of which carry 10 times the voting power of those held by minority investors -- are held directly and through trusts, and include restricted stock units that have vested and shares held in the name of his wife, Ricky Lauren. Lauren also owns exercisable options to buy 561,009 shares according to the company's Feb. 10, 2017 proxy filing.

The billionaire also has a collection of classic cars. He exhibited some of his cars, including a 1938 Bugatti Type 57SC and a 1962 Ferrari 250 GTO, at the Louvre in Paris in 2011. Twenty of the cars confirmed to be in his collection are valued at $280 million, based on data from classic-car insurer, auction house Bonham Hagerty, and recent transactions. Other cars he may own aren't included due to a lack of information.

Lauren has sold more than $2.4 billion in stock and received more than $320 million in dividends since his company's initial public offering in 1997, and the value of his investments is based on an analysis of taxes and market performance. A 1 percent lifestyle adjustment was removed on Dec. 12, 2016 to better reflect Bloomberg's standard valuation methodology.

Biography

Birthdate: 10/14/1939
Family: Married, 3 children
Education:

Lauren was born Ralph Lifshitz in 1939, in the Bronx, New York, one of four children of Russian-Jewish immigrant parents. After high school and the army, he started selling neckties and shirts of his own design, opening his first boutique in 1971. Lauren was inspired by classic Brooks Brothers designs, and adopted a sporty aesthetic to craft his own preppy style.

He had opened 130 outlets around the world by 1994, the year he sold a 28 percent stake of Polo Ralph Lauren -- which became Ralph Lauren Corp. -- to Goldman Sachs for $135 million. An initial public offering three years later raised $767 million. Since then, Lauren has continued to reduce his stake as he invests in real estate, classic cars and other undisclosed assets.

Lauren, who survived a brain tumor in the 1980s, is married with three children. He stepped down as chief executive officer in November 2015. His younger son, David, serves as a senior vice president at Ralph Lauren Corp.

Milestones
  • 1939 Ralph Lauren is born in the Bronx borough of New York City.
  • 1968 Founds his company with $50,000 from partner Norman Hilton.
  • 1972 Ralph Lauren's polo shirt makes its debut.
  • 1981 Company opens its first store abroad, on London's Bond Street.
  • 1989 Ralph Lauren's Polo flag sweater makes its debut.
  • 1994 Lauren sells a 28 percent stake to Goldman Sachs for $135 million.
  • 1997 Raises $767 million in an initial public offering in New York.
  • 2015 Announces he will step down as CEO of Ralph Lauren.