According to the most recent estimates from the Bureau of Labor Statistics, the average salary for fashion designers in the U.S. is nearly $65,000 annually. While no formal fashion design school training is necessary for this career, graduating from a fashion academy is the best way to win a higher paying job as a fashion designer.
The highest earning fashion designers vary in style and industry, with many choosing to launch their own apparel lines. The common trend among top-paid fashion designers is apparent: experience and time in the industry is a requirement. It takes time to become a wealthy fashion designer.
According to Celebrity Net Worth, some of the top fashion designers are the owners of exclusive clothing lines:
American music producer and clothing designer, Christopher Russell Pfaff has an estimated net worth of $8 million. He is the founder and owner of the Young and Reckless Clothing Company. He is best known for appearing on the reality shows Rob & Big and Rob Dyrdek’s Fantasy Factory. He earn his net worth through his
American fashion designer, Betsey Johnson has an estimated net worth of $50 million. Bbest known for her feminine and whimsical designs. Betsey Johnson earned her net worth through her career in fashion designing and as the in house designer of the Manhattan Boutique Paraphernalia, and took over the Alley Cat label and began her own
Italian fashion designer, Giorgio Armani has a net worth of $7.2 billion as of March 2012 according to FORBES rich list. He spent 2 years in medical school at the University of Piacenza before dropping out in 1957 to take a job as a department store buyer. He went on to become a seller for
Age: 71 ,Residence: New York, NY Education: DIPL, High School Marital Status: Married , Children: 3 American fashion designer and business executive, Ralph Lauren has an estimated net worth of $7.5 billion as of March 2012 according to Forbes rich list. The Bronx native worked first job at Brooks Brothers; left school to design ties
Italian businessman, chairman and CEO of Prada, Patrizio Bertelli has an estimated net worth of $3.7 billion as of March 2012. He is the husband of designer, Miuccia Prada. Bertelli met his wife and business partner Miuccia Prada at a trade fair in 1977, same time as they took the helm of the family company…
(Read more on these top paid fashion designers and their job descriptions at The Richest.org.)
Fashion designers can earn higher income by excelling at any of the industry’s genres, including fashion design, merchandising, and marketing. Most ‘fashion designers’ actually design apparel, clothing, accessories, and footwear. They may work in wholesale companies or manufacturers, as well as running their own label or line of clothing.