Kenneth Cole Net Worth

What is Kenneth Cole’s Net Worth?

Kenneth Cole is an American fashion designer, entrepreneur, and philanthropist. As of now, he has a net worth of $200 million.

Highlights

– Kenneth Cole founded his eponymous fashion house in 1982.

– The company creates clothing and other products under various labels, including Kenneth Cole New York, Reaction Kenneth Cole, Unlisted, and Gentle Souls.

– Through his fashion company, Cole has been actively involved in charitable endeavors, particularly AIDS awareness and research.

– Kenneth Cole Productions went public in 1994 and later went private in 2012 at a valuation of $245 million.

Early Life

Kenneth Cole was born on March 23, 1954, in Brooklyn, New York City. He was raised in a Jewish family. His father, Charles, owned the El Greco shoe manufacturing company. Cole attended John L. Miller Great Neck North High School and graduated in 1972. He furthered his education at Emory University, graduating in 1976.

Career

In 1982, Kenneth Cole founded Kenneth Cole Productions. He initially faced challenges showcasing his shoe line at the New York Shoe Expo due to financial constraints. To secure a permit to shoot a film based on his shoe line, Cole changed the name of his company to Kenneth Cole Productions. This strategy turned out to be a huge success, with Cole selling 40,000 pairs of shoes in just over two days.

Cole opened his first retail store on Columbus Avenue in Manhattan in 1984, followed by another store in San Francisco, California. Later, he took the company public and expanded globally, opening stores around the world. Kenneth Cole Productions offers a wide range of clothing and accessories under various labels.

Personal Life

In 1987, Kenneth Cole married Maria Cuomo, the daughter of former New York Governor Mario Cuomo. The couple has three daughters named Emily, Amanda, and Catie. They reside on an 11.35-acre estate in Purchase, New York.

Net Worth Over Time

Kenneth Cole’s net worth has fluctuated throughout his career. As of now, he has a net worth of $200 million. His company’s initial public offering (IPO) was priced at $12 per share in 1994. In 2012, he took the company private at a valuation of $245 million.

Components of Net Worth

Kenneth Cole’s net worth primarily comes from his successful fashion company, Kenneth Cole Productions. The company generates revenue through the sale of clothing and accessories under various labels. Cole’s net worth is also influenced by his involvement in charitable endeavors, particularly AIDS awareness and research.

Disclaimer: All net worths mentioned are calculated using data drawn from public sources and are only estimates. Corrections and feedback are always welcome.

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