Today, it was announced that Hubert de Givenchy has passed away at the age of 91. Givenchy was a profound designer and creator of the Givenchy company, which produced famous close for people like Audrey Hepburn and Jackie Kennedy.
So what is Hubert de Givenchy net worth in 2018? What are Hubert de Givenchy’s salary/earnings? Read on…
Hubert de Givenchy was born in 1927 in France. He was part of an important family in France, consisting of nobles. He was raised by his mother, because his father died of the flu in the 1930s. He had multiple wealthy family members, many of which were industrialists and own factories and other businesses in France.
Givenchy’s family also had a thing for art, and his relatives were well known in the art world. He attended a famous French art school before graduating and moving into the design realm.
Givenchy started doing designs in the early 40s, and worked for some of the most well-known names in the industry, including Dior and others. After some success, he decided to open his own company, and set up shop in Paris. He differed from his predecessors with a more daring and controversial style.
Very quickly, Givenchy made a name for himself of the industry in Paris, building out a business and getting some of the most famous names in television and film of the time. Some of his early clients were Audrey Hepburn, and Ingrid Bergman.
After building up his business, and earning a significant amount of money, his business was sold off. Parts of Givenchy were sold to the major LVMH brand which owns Louis Vuitton and many other famous designers, as well as Moet champagne and other high-end brands.
Other parts of the business were sold to other businesses in Europe, including Vueve Clicquqot.
Currently, the Givenchy has annual revenues of around $1 billion, and earns a profit of about $10 million after all costs and fees.
The Givenchy business has made a significant profit over the years. Beginning in 1952, with a small store in Paris, the company quickly grew to an enterprise. It was eventually bought by LVMH, which has 70 different brands, and a revenue annually of nearly $50 billion.
However, only part of that was attributed to Hubert de Givenchy. After 1988, he slowly reduced his role with the company, and left it by 1995. Several other people were brought in to run the business including some famous designers like John Galliano.
Although the exact terms of the sale of Givenchy to LVMH were not disclosed, the entire merger was worth nearly $4 billion.
Of that, Givenchy likely pocketed a few hundred million dollars. Over the years, he spent some of that money on philanthropy and large purchases.
In all, we estimate Hubert de Givenchy net worth in 2018 at $100-$150 million.