It's been a rough year for the fashion designer, but at least he has his millions of dollars to ease the pain. 86-year-old Emanuel Ungaro has taken the No. 1 spot on People With Money’s top 10 highest-paid fashion designers for 2019 with an estimated $58 million in combined earnings.
UPDATE 25/05/2019 : This story seems to be false. (read more)
Emanuel Ungaro tops annual list of highest-paid fashion designers
In 2016 it looked like the fashion designer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Friday (May 24) that Ungaro is the highest-paid fashion designer in the world, pulling in an astonishing $58 million between April 2018 and April 2019, a nearly $30 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The French fashion designer has an estimated net worth of $185 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Ungaro Burger” chain) in Paris, a Football Team (the “Aix-en-Provence Angels”), has launched his own brand of Vodka (Pure Wonderungaro - France), and is tackling the juniors market with a top-selling perfume (With Love from Emanuel) and a fashion line called “Emanuel Ungaro Seduction”.
The ranking is significant for many Emanuel fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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