Tory Burch is a multimillionaire businesswoman currently serving as the Executive Chairman of Tory Burch LLC. According to Forbes in their 2020 publication, Tory Burch is the world’s 88th most powerful woman. There are many questions revolving around her life, relationships, and net worth. Through in-depth research and fact-checking, this article aims to provide a comprehensive listing of Tory Burch’s net worth. But before we get to that, let’s have a look at her real life.
Early Life, Education And Career
Tory Burch was born in Pennsylvania in 1966, which puts her at 55 years of age. She was brought up in a well-to-do family due to investments done by her dad. She attended Agnes Irwin School and proceeded to join the University of Pennsylvania.
After graduating in 1988, Tory Burch moved to New York and got employed by Zoran, a well-known figure in the fashion design industry. She later moved to Harper’s Bazaar magazine which is focused on women’s fashion. She later joined other companies, such as Polo Ralph Lauren and Loewe, which are all fashion-based.
In 2004, after gaining massive knowledge and experience in the fashion world, Tory Burch decided to open her own fashion label. She named it TRB by Tory Burch. The first retail store was established in Manhattan. The business grew exponentially and currently has more than 300 stores globally.
Achievements And Awards
Tory Burch has won numerous awards and received global recognition due to her fashion concepts and the success of her company. The awards started flowing in 2005 when she secured the Rising Star Award that is awarded by the Fashion Group International, an organization that has been operational for almost a century.
Two years later, in 2007, the Accessories Council Excellence Award picked her for the Accessory Brand Launch award. A year later, in 2008, she was again crowned the Accessories Designer of the Year by the Council of Fashion Designers of America.
In 2015, Tory Burch was featured in Working Mother’s Top 50 Most Powerful Moms of the year. In 2015, the Breast Cancer Research Foundation awarded her with the Sandra Taub Humanitarian Award. In 2019, Glamour featured her as the Glamour Woman of the year.
Notably, Tory Burch has consistently appeared on the Forbes list of powerful women. Last year, 2020, she was listed by Forbes at position 88 for the Most Powerful Women. In the same year, Forbes runs a cover story detailing how Tory Burch’s company has been dealing with the Covid-19 pandemic.
Personal Life And Relationship
Tory Burch dated and then married William Macklowe in 1993. William is the son of Harry B. Macklower, a billionaire dealing with real estate. Currently, William Macklowe is the President of Macklowe properties. The marriage was short-lived with Tory and William divorcing within a year of marriage.
Three years later, in 1996, Tory Burch got married to J. Christopher Burch. He is mainly known as the founder and co-founder of Burch Creative Capital and Tory Burch LLC respectively. In 2012, he joined Forbe’s billionaire list. During their marriage, they had three sons namely Henry, Nicholas, and Sawyer. Additionally, the family also constituted three daughters from Christopher’s previous marriage. However, the marriage came to an end in 2006 when Tory and William divorced. However, up to now, Tory Burch continues to use Christopher Burch’s last name.
In 2007, Tory Burch dated Lance Armstrong but the relationship did not lead to marriage. Afterwards, she was said to be in a relationship with Lyor Cohen, an executive in the American music industry.
In 2014, Tory Burch started dating Pierre-Yves Roussel. The two then got engaged in 2016. In 2018, Tory Burch married Pierre-Yves Roussel. At the time, was working as the CEO of LVMH, a French multinational corporation dealing with luxury goods. In 2019, he became the CEO of Burch’s company, while Burch herself took the role of both the Chief Creative Officer (CCO) and Executive Chairman.
The Big Question: Net Worth
Now, let’s get to the peak of the article. Right from the start, the key focus was to establish the net worth of Tory Burch. Now that we have already explored her background, it is time for the big picture.
As of 4th April 2021, which is the most updated listing, Tory Burch is worth $900 million. This valuation is from Forbes, a well-known business magazine that is mainly specialized in finance and investments. Forbes also lists her in position 31 for the 2021 Self-Made women in America.
Her riches emanates from her fashion business. For instance, according to Forbe’s projections, her company is expected to rank in $1.5 billion in revenues in 2021 alone. However, the profits do not go to her only since there are other shareholders. The company itself is estimated to be valued at about $4 billion, and her stake in the company is about 28%.
CelebrityNetWorth put Tory Burch’s worth higher than Forbes, estimating her to be worth $1 billion. Their valuation is based on public sources and private tips such as the profits from her company.
Many other net worth magazines put her wealth around the aforementioned figures. Therefore, it is conservative to say that her net worth is somewhere between $850 million and $1 billion. The wealth has predominantly come from her company which has continued to expand over the years.
All the way from working the first collection in her kitchen, raising through the fashion industry ranks over the years, she is now an iconic figure whose stores dominates various categories in the fashion industry. She has continued launching new additions, such as the New York Fashion Week in 2011, a fragrance line in 2013, wearable technology in 2014, an activewear brand in 2015, and beauty products in 2019.
These new additions have continually increased the company’s revenue, which in turn has expanded her fortunes. Currently, apart from the 300 stores, her fashion line is also featured in more than 3, 000 department and speciality stores worldwide. These stores include Nordstrom, Saks Fifth Avenue, Bloomingdale, and Bergdorf Goodman. In the coming years, her net worth is projected to continue growing and expanding to new levels.