Ralph Lauren Net Worth|Wiki: Know his earnings, business, wife, children, career

Ralph Lauren is an American fashion designer, billionaire businessman, and  philanthropist who is the founder and ex-CEO of Ralph Lauren Corporation. In 2020, he is estimated to have a net worth of around $5.5 billion. 

He stepped down from the position of CEO in September 2015 and still works as executive chairman and chief creative officer in the corporation. 

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NetWorth and Sources of Income of Ralph Lauren:

The net worth of Lauren as of April 2020 is estimated to be 5.5 billion dollars. In 2015, his net worth once climbed to about seven billion dollars. His source of income is from his multi-billion dollar corporation, Ralph Lauren Corporation. The corporation sells apparel, accessories, home, fragrances, and hospitality.

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Assets and Properties of Ralph Lauren:

Lauren owns several refined houses, apartments, and mansions. His property list includes a Manhattan apartment, a Montauk beach house, a ranch in Telluride, a tropical retreat in Jamaica, and a mansion in Bedford.

The Bedford Mansion is the home where his family spends most of his time and is a very luxurious one. The mansion is surrounded by 250 acres of lawn and wood with a paved road that leads to the mansion. The interiors are deeply colored and dramatic themed. Beautiful paintings and animal symbols are everywhere.

The beach house in Montauk covers 2100 square foot main house, a tennis court, a guest house, a poop house, and a private beach. He also owns a 17,000 acre Double RL Ranch in Telluride, Colorado where the family goes for a retreat. The ranch consists of an outdoor fireplace and stable filled with horses.

Like most billionaires, Lauren is also enthusiastic about automobiles. He owns about 100 automobiles.  He owns a 1962 Ferrari 250 GTO, three 1996 McLaren F1's (one of them an ultra-rare McLaren F1 LM), two Ferrari TRs, a Mercedes-Benz 300 SL Gullwing, a 1929 Bentley ("Blower Bentley"), one Bugatti Type 57SC Atlantic, a 1938 Alfa Romeo 8C 2900B Mille Miglia, a 1937 Bugatti Type 57SC Gangloff, a Porsche 911 GT3 RS, a Bugatti Veyron, a 1930 Mercedes-Benz SSK "Count Trossi" (aka "The Black Prince"), and a rare Lamborghini Reventón Roadster. His collection has been displayed on various occasions to the public.

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Career and Achievements of Ralph Lauren:

In 1967, Lauren began designing his own men’s neckties with a wider cut, branding them under the name “Polo” and selling them at large department stores, including Bloomingdale’s. Lauren had started his business with a loan of $30,000, and eventually expanding his designs to a full menswear line.

Later, he released a line of women's suits tailored in a classic men's style. Lauren released varieties of short-sleeve cotton shirts in 24 colors in 1972. During the 1970s, Lauren entered into the film business, further cementing his status as a classic American designer by outfitting cast members for the 1974 film adaptation of The Great Gatsby, starring Robert Redford and Mia Farrow.

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Early Life of Ralph Lauren:

Lauren was born as Ralph Lifshitz on October 14, 1939, in the Bronx, New York City, the third of four siblings. His parents Frieda and Frank were Ashkenazi Jewish immigrants who had fled Belarus, and the youngster grew up in the Mosholu Parkway area of the family's adopted borough.

Because he was being constantly being teased by his peers in school, Ralph and his brother Jerry changed their last name to Lauren. We can say that Ralph had a distinctive fashion sense since his tee age where he finds inspiration from the screen icons like Fred Astaire and Cary Grant while having a taste for both classic preppy wear and vintage looks. He attended Baruch College in Manhattan, where he studied business for two years. Lauren served in the Army for a brief period after which, he took on a sales job at Brooks Brothers.

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Martial status of Ralph Lauren:

Lauren was married in December of 1969 to Ricky Ann Low-beer. He met her in a doctor's office where Ricky was a receptionist. The couple has three children. Andrew Lauren is the eldest of the three and is a film producer and actor. David Lauren is an Executive Vice President of Global Advertising, Marketing, and Communications at Ralph Lauren Corporation while Dylan Lauren is the owner of Dylan's Candy Bar in New York City.

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Lauren on Social Platform:

Lauren is not active on any of the social platforms but his corporation has profiles on Facebook, Instagram, and Twitter with millions of followers.

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