Richard Saghian’s net worth 2023: When it comes to the world of fashion, Fashion Nova is one of the contending forces. How much do you know about the face behind this brand? Read on as we take you through the biography, salary, earnings, and net worth of Richard Saghian. What’s more, you’ll also learn how Richard Saghian made his fortune from Fashion Nova.
Who is Richard Saghian and How Much is He Worth?
|Date of Birth
||January 31, 1982
||5 ft 9 in (1.75 m)
||United States of America
|Source of Wealth
Richard Saghian is an American businessman with an estimated net worth of $70 million. Saghian is the founder and CEO of the fashion company, Fashion Nova. His company has attracted a lot of celebrity endorsements and attracted millions of customers.
How much do you know about Richard Saghian? Read on as we take you through the journey of how Richard Saghian began his journey to fame.
Richard Saghian was born on January 31, 1982, in California, United States. His interest in fashion came through his father who introduced him to a line of retailing and business. While growing up, he used to work at his father’s clothing stores.
Information about his family and educational background remains vague.
Saghian started Fashion Nova in 2006 as a chain of stores selling low-price clubwear and apparel in Los Angeles area malls. In 2013, he launched the company’s e-commerce website and used Instagram as a source for promoting his brands and products.
The company soon became a brand and started catering for all body types and ethnicities. Fashion Nova’s Instagram page has so far garnered over 20.7 million followers.
The company also pays a lot of influencers who promote their brands on their social media pages. So far, some of the high-profile celebrities who are promoting Fashion Nova’s products include Cardi B, Kylie Jenner, Khole Kardashian, and Nicki Minaj.
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The brand has grown to become one of the most successful fashion companies in the world. It has worked with over a thousand different manufacturers and has released around 600-900 new styles per week. Although the company is based in Los Angeles, it has worked with several vendors in China.
Fashion Nova surpassed brands like Louis Vuitton, Chanel and Gucci for most-searched fashion brands in 2018. The company has also been recording massive profits over the years.
Eager to learn more about Richard Saghian’s personal life including his relationship status? Although Richard is famous, he has decided to keep his relationship and his life private. As such, there is no information about his relationship and dating history.
Richard Saghian Net Worth, Salary and Earnings 2023
As of December 2023, Richard Saghian has an estimated net worth of $70 million. He earns the majority of his money from his company, Fashion Nova. Reports have it that the company makes over $2 million in sales every day. Fashion Nova is close to becoming a billion-dollar (revenue) brand if it ain’t there already.
Richard Saghian also has investments in real estate. In 2018, Richard purchased a Hollywood Hills home for $17.5 million. The home sits on a 7,000 square feet property with 6 beds and 7 bathrooms.
In 2021, Richard also paid $14.7 million for 3,736 square feet home with 4 bedrooms and 3.5 bathrooms in Malibu, California.
Richard Saghian is an American businessman with an estimated net worth of $70 million. Saghian is the founder and CEO of the fashion company, Fashion Nova. His company has attracted a lot of celebrity endorsements and attracted millions of customers. Richard has made a lot of money in the fashion industry and probably is one of the top shot in the fashion industry.
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