James Jebbia Net Worth

What is James Jebbia’s Net Worth?

James Jebbia, a prominent businessman and fashion designer, has amassed an impressive net worth of $800 million. He gained recognition as the founder of the renowned skateboarding lifestyle and clothing brand, Supreme. With its headquarters in New York City, Supreme has expanded its reach globally, with stores in London, Paris, Milan, and various locations in Japan. Jebbia’s entrepreneurial journey has propelled him to significant wealth and success.

Highlights

– James Jebbia’s net worth is estimated at $800 million.
– He is the founder of Supreme, a highly popular skateboarding lifestyle and clothing brand.
– Supreme has stores in major international cities, including London, Paris, Milan, and multiple locations in Japan.
– Carlyle Group acquired a 50% stake in Supreme for $500 million in 2017, valuing the brand at $1 billion.
– In November 2020, VF Corp. acquired Supreme for an impressive $2.1 billion.

Early Life

James Jebbia was born on July 22, 1963, in New York City, to an English mother and an American father who served in the United States Air Force. At a young age, his parents relocated to Crawley, West Sussex, England, where he spent his early years. Jebbia’s parents separated when he was 10 years old. In 1983, he decided to move back to the United States and settled in Staten Island.

Career

James Jebbia embarked on his professional journey as a child actor in the late 1970s. He portrayed Tommy Watson in the first season of the British children’s television series “Grange Hill,” known for its realistic and controversial portrayal of school life. Despite his early success in acting, Jebbia shifted his focus to the fashion industry.

Upon his return to the United States in 1983, Jebbia secured his first job at Parachute, a minimalist skate shop and clothing store in New York. In the late 1980s, he founded Union NYC, a streetwear store that primarily featured English clothing brands. Initially located on Spring Street in Manhattan, the store later relocated to Los Angeles. From 1991 to 1994, Jebbia collaborated with Shawn Stussy, the founder of the clothing brand Stüssy.

In 1994, James Jebbia launched Supreme, a unique blend of skateboarding lifestyle and clothing. The brand’s first store was situated in an old office space in Lower Manhattan. Notably, early employees of Supreme included individuals who appeared as extras in Larry Clark’s influential film “Kids.” The success of the brand led to the opening of a second store on Fairfax in Los Angeles in 2004, doubling the size of the original New York City location. Supreme’s popularity continued to soar, resulting in international expansion with stores in Paris, London, Milan, Tokyo, Nagoya, and other major cities. The company also operates stores in San Francisco and Chicago, within the United States.

Supreme has established numerous collaborations with prominent brands such as Louis Vuitton, Emilio Pucci, Champion, Timberland, Lacoste, and True Religion. Additionally, the brand has partnered with renowned artists including Takashi Murakami, Jeff Koons, Mark Flood, John Baldessari, and Damien Hirst. Japanese fashion designer Yohji Yamamoto has also contributed designs to the Supreme brand.

In 2017, Carlyle Group acquired a 50% stake in Supreme for $500 million. The valuation of the brand reached $1 billion. A few years later, VF Corporation acquired Supreme in an all-cash deal amounting to $2.1 billion. Despite the ownership changes, James Jebbia continues to steer the company as its leader.

Personal Life

James Jebbia is married to Bianca, and they have two children together named Miles and Nina. The family resides in the West Village of Lower Manhattan, New York City.

Net Worth Over Time

James Jebbia’s net worth has significantly grown over the years. With the valuation of Supreme and his successful business ventures, his wealth has reached an estimated $800 million. The recent acquisition of Supreme by VF Corporation for $2.1 billion demonstrates the substantial increase in Jebbia’s net worth.

Components of Net Worth

James Jebbia’s net worth predominantly stems from his ownership and involvement in Supreme. As the founder of the brand, Jebbia’s equity value increased exponentially as the company gained popularity and expanded globally. The private equity firm Carlyle Group’s acquisition of a 50% stake in Supreme further contributed to Jebbia’s net worth. The ultimate acquisition of Supreme by VF Corporation for $2.1 billion solidified Jebbia’s considerable wealth. Additionally, Jebbia’s early career in the fashion industry and his collaborations with renowned brands and artists have also significantly contributed to his net worth. As a successful businessman and fashion designer, James Jebbia’s net worth is a reflection of his entrepreneurial endeavors and the immense success of Supreme.

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