Marc Jacobs Highest-Paid Fashion designer in the World

Marc Jacobs
Marc Jacobs led People With Money’s annual list of the “100 highest paid fashion designers” released on Wednesday.

It's been a rough year for the fashion designer, but at least he has his millions of dollars to ease the pain. 60-year-old Marc Jacobs has taken the No. 1 spot on People With Money’s top 10 highest-paid fashion designers for 2024 with an estimated $58 million in combined earnings.

UPDATE 28/03/2024 : This story seems to be false. (read more)

Marc Jacobs tops annual list of highest-paid fashion designers

In 2021 it looked like the fashion designer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (March 27) that Jacobs is the highest-paid fashion designer in the world, pulling in an astonishing $58 million between February 2023 and February 2024, 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 American 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 Jacobs Burger” chain) in Washington, a Football Team (the “New York Angels”), has launched his own brand of Vodka (Pure Wonderjacobs - US), and is tackling the juniors market with a top-selling perfume (With Love from Marc) and a fashion line called “Marc Jacobs Seduction”.

The ranking is significant for many Marc fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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