Tommy Hilfiger has dominated the global fashion market for decades. What is his real worth? He earned a decent income from his career. This article will discuss how much Hilfiger is worth and his personal life. Also, we will discuss how he began his career as a New York designer and jeans reseller.
Tommy Hilfiger net worth is the most searched topic on the internet. So here’s the updated information. Many people would love to know about the biography of one of their favorite celebrities. Likewise, people now search for Tommy’s net worth. It is estimated that Tommy Hilfiger net worth is $450 million. To learn more, let’s delve deeper.
Tommy Hilfiger Net Worth Key Points
- 1985 was the year that Hilfiger founded Tommy Hilfiger Corporation
- He and his wife, Dee Ocleppo, plan to move to Palm Beach, Florida
- Multiple famous stores like Tommy Hilfiger Australia, Tommy Hilfiger Pakistan, and Tommy Hilfiger UK provide a wide variety of clothing.
- The net worth of Hilfiger is estimated at $450 million as of 2023.
- Throughout decades, Tommy Hilfiger has been a global leader in fashion.
- Hilfiger bought the Plaza Hotel penthouse in 2008 for $25.5 million and sold it for $33.25 million in 2019.
- Tommy Hilfiger shoes have been so popular since the mid-twenties.
- Additionally, he purchased a 14,000-square-foot Miami mansion for $17.25 million in 2013, which he sold in May 2021 for $28 million.
- Tommy and his second wife purchased a mansion near Greenwich in 2010 for around $31.4 million; they sold it for $45 million in 2021.
A Quick Overview of Hilfiger
|Real Name||Thomas Jacob Hilfiger|
|Net Worth||$450 million|
|DOB||March 24, 1951|
|Place of Birth||Elmira|
|Weight||154lbs – 70 kg|
|Education||Parsons School of Design|
|Nationality||United States of America|
|Spouses||Susie Cirona (Divorced) Dee Ocleppo|
|Source of Wealth||Tommy Hilfiger Corporation|
|Children||Kathleen, Ally, Sebastian, Richard, Elizabeth|
|Home||Greenwich, CT, USA|
|Private Jet||Dassault Falcon 900 (N818TH)|
Tommy Hilfiger Net Worth
How much is Tommy Hilfiger worth? His net worth may rival Calvin Klein’s $700 million, making him one of the richest fashion designers in the world. The net worth of Thomas Hilfiger is $450 million. His portfolio contains many assets, such as
- a large yacht named Flag,
- a Dassault Falcon business jet, as well as
- an extensive portfolio of real estate.
Tommy isn’t a billionaire because he sold most of his company in 1989 to investors Lawrence Stroll and Silas Chou. Stroll and Chou are worth a combined $2.7 billion today.
Among his many achievements, Tommy named “Menswear Designer of the Year” by the “Council of Fashion Designers of America” in 1995. Moreover, his fashion design and charity work have won him many awards.
Read this Nick Bare Blog as a guide to make yourself a Brand.
Tommy Hilfiger: Who is he?
A renowned fashion designer and Tommy Hilfiger owner, Tommy was born in 1951. Tommy Hilfiger age is 72 years now.
Thomas Jacob Hilfiger fashion career began in 1968 when he moved from Elmira to New York City. During that time, he was a buyer for People’s Place, a boutique store. Hilfiger launched his eponymous label, Tommy Hilfiger Corporation, in 1985. It quickly gained popularity for its preppy, classic American style. Its white, red, and blue logo has become an iconic symbol of the 1990s fashion scene.
In 1994, the company was best known for its New York headquarters. As of today, he still serves as the brand’s chief designer. Over time, the company expanded into womenswear, menswear, and kidswear.
Since becoming publicly traded, his brand has been expanding globally. Further, it is now one of the world’s most recognizable fashion brands. As the company’s principal designer, Tommy Hilfiger remained with PVH Corp. after selling it in 2010.
Tommy Hilfiger Owner Assets
He holds a large number of assets. Keep reading below:
Tommy Hilfiger Houses
New York City
A few months after buying it, Hilfiger flipped it and put it on the market for $50 million. In 2013, the 6,050-square-foot duplex listed for $80 million. As of April 2017, the price reduced to $58.9 million from $75 million, then to $68.95 million and finally to $68.95 million.
The condo has a view of Fifth Avenue and Central Park and located on the 18th and 19th floors of the hotel. After a five-month wait, the house is back on the market for $50 million, down 37.5% from the original asking price.
Further, he purchased a 14000 square foot Miami mansion for $17.25 million in 2013. In addition, he listed it for $27.5 million in 2017. In February 2018, he lowered the price to $23.5 million. Grant Cardone wanted to buy this home for $28 million. Fifteen months after buying his Palm Beach mansion for $34 million, Tommy sold it for $35 million in 2021.
During his marriage to Susie, Hilfiger lived in a large mansion in Greenwich, Connecticut. When Tommy and Susie divorced, Tommy transferred ownership to Susie. Approximately $30 million was the asking price for Susie’s home in 2020.
The couple paid around $31.4 million for their Greenwich, Connecticut mansion in 2010. The price of this mansion was $47.5 million in September 2020. In January 2021, the property sold for $45 million. There are rumours that Tommy Hilfiger interested in selling his 22-acre Greenwich estate for $47.5 million.
WSJ reports that he’s ready to sell this one:
“I hear from my friends in real estate that the market is very strong, and it hasn’t been this strong in years.”
Tommy spent $31 million on a 7,000-sq.ft. mountainside house in Aspen, CO, in December 2021. In fact, it was an unusual twist: he sold the home three months later for $50 million. The profit per day over 90 days is $211,000 per day.
Compass broker Steven Shane, who represented Hilfiger and the unnamed buyer, said the Hilfigers absolutely did not buy this home with the intent of flipping it.
In an interview with the Wall Street Journal, Shane said
“Hilfiger and his wife Dee Ocleppo Hilfiger had spent “years” searching for the right property in Aspen that he’d be able to remodel and reform into a “legacy property” that would become the couple’s own.” Shane continues:
Moreover, “It was never their intention to buy and sell it…it’s difficult to pry a property like this one away, but I think everything has a price.”
Read How “Coffee Meets Bagel” can help you to grow your startup within very short time.
A Biography of Tommy Hilfiger
American fashion designer Hilfiger was born in Elmira, New York, on March 24, 1951. Growing up in a large Catholic family, he had eight siblings. His first job was in retail fashion.
His mother, Virginia, was a nurse, and his father, Richard, was a watchmaker. He developed an interest in sports, music, and fashion at a young age. Besides, he credits his parents for teaching him hard work and compassion. Among nine children, Thomas Jacob Hilfiger is the second child. In addition to teaching him a positive work ethic, his parents showed him respect for others.
After graduating from Elmira Free Academy, Tommy Hilfiger worked in a Cape Cod clothing store. Additionally, he attends Greater Southern Tier BOCES Bush Campus. After purchasing and customizing jeans, he sold them locally.
Later, he opened his own store in New York called People’s Place. The store was started by Tommy in 1968. He then expanded the store into ten different branches, making it a huge success. In 1977, the company went bankrupt, and the stores closed.
Furthermore, Tommy moved to New York City to become a fashion designer two years later.
Hilfiger founded the Tommy Hilfiger fashion brand. Tommy Hilfiger Corporation, formerly Tommy Hilfiger, is a fashion designer and entrepreneur. His achievements in the fashion industry include
- Parsons School of Design award for “Designer of the Year”.
- Awarded the title of “Men’s Wear Designer of the Year,”
- Another “Designer of the Year” award from GQ magazine, this time in the Men of the Year issue
- “Fashion Designers of America” awarded Geoffrey Beene Lifetime Achievement Award.
Age, Weight & Height of Tommy Hilfiger
He was born on 24 March 1951. In other words, Hilfiger is 72 years old. Moreover, he is known worldwide for his fashion designs. You can find his height in the section below.
Tommy Hilfiger’s height is 168 cm, and his weight is 70 kg (154 pounds). This article includes a lot more information about Hilfiger, so read the entire article to learn more about Tommy Hilfiger.
Tommy Hilfiger Wife and Children
He has been married twice. Susie Cirona was his first wife. Susie worked for People’s Place, and he met her there. The following year, Susie Cirona fired from Jordache Jeans as a designer. Further, he married Susie Cirona in 1980. In addition to that, the couple had four children: a son and three daughters. Their names are Kathleen Hilfiger, Ally Hilfiger, Richard Hilfiger, and Elizabeth Hilfiger.
In 2000, the couple divorced after 20 years of marriage. In December 2008, tommy hilfiger married again and Dee Ocleppo, former model is his wife now. Moreover, in August 2009, they had a son named Sebastian Thomas Hilfiger.
In the 1970s, Tommy Hilfiger Corporation started designing menswear before expanding into women’s clothing and luxury items such as perfumes. He has grown his company from a clothing store to an entire lifestyle brand. “Classic American Cool” recognized as Hilfiger’s trademark.
Tommy Hilfiger’s Wealth: How did He Get it?
During the summer of 1969, Hilfiger worked in a clothing store on Cape Cod. Furthermore, he opened People’s Place in downtown Elmira for just $150. In his 20s, Hilfiger’s business went bankrupt.
Having learned from his People’s Place mistakes, Tommy started his own clothing company in 1985. He made clothes that were “preppy with a twist.” His clothes eventually found buyers.
“By 1988, our sales were $25 million,” he explained.
Tommy actually makes most of his money from the Tommy Hilfiger clothing brand.
Partnerships and Company Expansion
Upon listing, Hilfiger’s business partner Lawrence Stroll amassed a fortune, as did Tommy Hilfiger himself. Hilfiger won the Menswear Designer of the Year award in 1995.
For US $1.6 billion, the company was sold to Apax Partners in 2005. After acquiring the company in 2010, PHV added it to its brand portfolio, including Calvin Klein and Arrow.
“I wasn’t paying attention to the ‘business’ part of the business,” the entrepreneur stated to Forbes in 2013.
“We reached $500 million in the mid-1990s. By the end of that decade, our sales were $1 billion. Our success, I think, was a mixture of luck, hard work, and following through with our plan.”
CelebrityNetWorth estimates Tommy Hilfiger’s net worth at $450 million.
The company has multiple best-selling products like Tommy Hilfiger bags, Tommy Hilfiger caps, Tommy Hilfiger eau de toilette spray, automatic watches, Tommy Hilfiger eyeglasses, and Tommy Hilfiger Edgars.
Career and Business of Tommy Hilfiger – Exciting History
The People’s Place
When he was 18 years old and a high school student, he started his business and fashion career. Tommy Hilfiger co-founded People’s Place, a clothing store in his hometown, Elmira, New York.
He opened the store with a friend in 1969, using $150 he earned working on Cape Cod and at a petrol station. They planned to buy clothes in New York City and resell them there. In order to satisfy his needs, he decided to create his own design.
It was a successful record and clothing store that could grow to ten locations. As a result of the economic recession, Hilfiger filed for bankruptcy at the age of 25 in 1977.
He then moved to New York City to work as a freelance fashion designer for various fashion labels.
In spite of being broke, Hilfiger’s company refused Calvin Klein and Perry Ellis’ offers to create his own company.
The Start of Brand Tommy Hill
1979 was the year he decided to start Tommy Hill. The company’s first client was Jordache Jeans. However, Jordanche didn’t want their company to expand beyond jeans, so they let them go after a year. Denim was one of many products his company offered. During this time, he spent time in India learning more about his clothing craft.
In 1981, he founded 20th Century Survival, a sportswear company, followed by Click Point in 1982, a women’s clothing company.
Tommy Hilfiger Corporation
Tommy Hilfiger’s business was already moderately successful. However, meeting with Mohan Murjani, founder of Mohan Murjani International, was a game changer for his business and fashion career.
To fulfill Tommy Hilfiger’s dream of running his own wardrobe brand, Murjani hired Tommy to design a men’s sportswear line in 1984. Thus, Tommy Hilfiger was very happy with the service he received.
Initially, the company in New York City founded in 1985 with the help of the Murjani Group. The Tommy Hilfiger Corporation’s marketing strategy includes billboards in Time Square, New York City. His clothing line incorporated a preppy, Ivy League fashion style with a modern twist. It was estimated that Tommy Hilfiger Corporation had revenue of $25 million by 1988.
Silas Chou and Lawrence Stroll acquired the majority of the brand in 1989. Within the next 20 years, the duo made Tommy Hilfiger an international phenomenon.
The company started selling women’s clothing in 1996 after launching its signature menswear line in 1992. Besides, the company has more than 1,400 stores worldwide.
During the early 2000s, revenues exceeded $1.9 billion.
The company was sold to Apax Partners for $1.6 billion in 2006.
Phillips-Van Heusen acquired Apax in 2010 for $3 billion.
He has sponsored music events like Lenny Kravitz’s “Freedom” tour, Sheryl Crow’s “If It Makes You Happy” tour, and his fashion career.
Further, he hosted CBS’s reality show “The Cut,” where sixteen designers sought a job with Hilfiger. Additionally, he acted as himself in
- “Zoolander” (2001) and “Zoolander 2” (2016).
In fact, he has published seven books, including
- “All-American” (1997) and
- “American Dreamer: My Life in Fashion & Business” (2016).
Hilfiger Ventures and Collaborations
Tommy Hilfiger collaborated with model Gigi Hadid on the TommyXGigi clothing collection in 2016. Additionally, he has written books and served as a judge on TV shows.
Philanthropy & Community Involvement
More interestingly, he actively supports philanthropy through his Tommy Cares Foundation. Every year, Hilfiger donates more than $1 million to the foundation, which focuses on
- education, and
- culture initiatives.
Designer and Industry Influencer
Despite selling all of his shares, Tommy remains the company’s principal designer. In addition, he is a member of the Council of Fashion Designers.
The American Idol talent show has hired Hilfiger as a fashion consultant. His wife is still a fashion designer and entrepreneur. The MTV television series Rich Girls featured him and his daughter Ally Hilfiger.
Tommy Hilfiger’s Charity Work
The Tommy Hilfiger Corporate Foundation supported charities that helped at-risk youth in America. In 1998, he sponsored LIFEbeat – The Music Industry Fights AIDS. Moreover, he also supported Autism Speaks and the MLK, Jr. National Memorial Project Foundation.
Furthermore, Hilfiger serves on the board of directors of Fresh Air Fund. 1999 marked the renaming of Camp Pioneer “Camp Tommy.”.
For Breast Health International since 2008, the clothing brand has designed limited-edition handbags, with proceeds going to the charity’s Fund for Living.
The company donated millions to Millennium Promise MDG Global Leaders to fight hunger and extreme poverty.
In 2012, Tommy Hilfiger Corporate Foundation renamed its philanthropic arm “Tommy Cares”. He supported charities such as
- World Wildlife Fund,
- Save the Children, and
- War Child.
In addition, he sponsored the 2014 Golden Door Film Festival after joining the board of Autism Speaks in 2012.
Highlights – Tommy Hilfiger’s Achievements and Awards
Over the course of his career, Tommy Hilfiger received many honors and awards. A few of his most notable accomplishments and awards are listed below:
- The Council of Fashion Designers of America (CFDA) awarded him Menswear Designer of the Year in 1995.
- The Coty Hall of Fame inducted him in 1998.
- He won the CFDA Designer of the Year award in 2002.
- Moreover, he received the Women’s Wear Daily Beauty Biz’s Visionary Award in 2006.
- His name was inducted into the International Best Dressed List Hall of Fame in 2012.
- Tommy received the CFDA’s Geoffrey Beene Lifetime Achievement Award in 2013.
- The CFDA Awards presented him with the Fashion Icon Award in 2019.
Lesson from Tommy Hilfiger
well , Hilfiger’s life story has many lessons for us.
From researching his life story, we can learn that success comes in the wake of doing what you love. Besides, he had already tasted failure at a young age but didn’t give up. Moving forward after his mistake was a lesson he learned.
His pride in his craft was also admirable. His work was not well received by famous fashion designers and critics when he debuted. He did not care. Still believing in himself, he boasted that he was one of the most talented designers in America, just like Calvin Klein, Ralph Lauren, and Perry Ellis.
In addition to his philanthropic activities, I have learned of his generosity. I’m glad people like him still give back after their success to share their blessings. That may be why he has been given life to share with the world.
Frequently Asked Questions about Tommy Hilfiger Net Worth
What is the value of Tommy Hilfiger?
Tommy Hilfiger is estimated to have a net worth of $450 million as of 2023. In addition to fashion design, he has been involved in real estate and venture capital investments.
How famous is Tommy Hilfiger today?
He is a staple of American fashion because of his classic prep style and Americana vibe. In addition to the jeans and overalls that took over the 90s, he continues to find his way into the modern fashion era. The company continues to innovate and expand.
Is Tommy Hilfiger a watch manufacturer?
Yes, Tommy Hilfiger watches are so popular. It designs and markets high-quality men’s, women’s, children’s and denim clothing collections under the Tommy Hilfiger brand. Tommy Hilfiger Watches were designed, manufactured, and distributed by Movado Group in 2001. However, Tommy Hilfiger automatic watches are a bit pricy.
Tommy Hilfiger: A luxury or a necessity?
In the United States, Tommy Hilfiger is an American luxury clothing company known originally as Tommy Hilfiger Corporation and Tommy Hilfiger Inc. It produces clothing, footwear, accessories, fragrances, and furniture.
What are the competitors of Tommy Hilfiger?
Tommy Hilfiger’s competitors are Burberry, Perry Ellis International, Polo, and GUESS. As compared to its competitors, Tommy Hilfiger ranks first in CEO Score.
Can you tell me what Tommy Hilfiger’s slogan is?
Fashion is fleeting; style is forever.
How good are Tommy Hilfiger perfumes?
Really fantastic! 5 out of 5 – Absolutely incredible! It smells great and lasts a long time. Despite being good, the Tommy Hilfiger perfume men’s scent last long. A great combination of longevity, sillage, and versatility! It is fairly ambient and warming. Stay longer for hours 6-8. Tommy Hilfiger perfume price varies from $$ to $$$.
What is the current owner of Tommy Hilfiger?
Unlike Ralph Lauren and Giorgio Armani, Hilfiger isn’t a billionaire because he sold his clothing brand. Aux Partners purchased Tommy Hilfiger Corp. in 2006 for $1.6 billion. Afterwards, PVH Corp. acquired it from Apax Partners in 2010 for $3 billion.
Tommy has remained the brand’s principal designer during those transitions. There are approximately 17,000 employees working for the Tommy Hilfiger brand in more than 90 countries around the world.
How much does Tommy Hilfiger donate to charity?
Although Tommy Hilfiger has made millions from his sales, he also gives back to the community. Tommy Hilfiger Corporation Foundation established in 1995 and later renamed Tommy Cares. Celebrity Net Worth notes that she supports various charities, including The Fresh Air Fund, LIFEbeat, and Autism Cares.
Is there a meaning behind the Tommy Hilfiger logo?
This logo borrows its white and red fields from the flag “H” (“Hotel”) of the International Code of Signals. When hoisted alone, it means: “I have a pilot on board.” In this case, it is “H” for “Hilfiger”.
In conclusion, he was born in Elmira, New York, on March 24, 1951. His family was large, with eight siblings. Retail fashion was his first job.
Besides earning a big name, Tommy Hilfiger has also gained global fame.
He established a multinational company that designs and manufactures clothing for men, women, and children. Furthermore, the clothing company sells footwear, accessories, fragrances, and home furnishings as well.
Tommy Hilfiger was named Menswear Designer of the Year by the Council of Fashion Designers of America in 1995. During the past few years, Tommy Hilfiger has expanded globally. The brand is now one of the most recognizable in the world. Since 2010, Hilfiger has worked for PVH Corp. as its principal designer.
As a result of his work and charitable activities, he has won several awards. Currently, the designer’s net worth is estimated at $450 million.