It's been a rough year for the fashion designer, but at least she has her millions of dollars to ease the pain. 77-year-old Nati Abascal has taken the No. 1 spot on People With Money’s top 10 highest-paid fashion designers for 2020 with an estimated $46 million in combined earnings.
UPDATE 27/11/2020 : This story seems to be false. (read more)
Nati Abascal tops annual list of highest-paid fashion designers
In 2018 it looked like the fashion designer’s spectacular career was winding down. Suddenly, she was back on top. People With Money reports on Thursday (November 26) that Abascal is the highest-paid fashion designer in the world, pulling in an astonishing $46 million between October 2019 and October 2020, a nearly $20 million lead over her 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 Spanish fashion designer has an estimated net worth of $145 million. She owes her fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. She also owns several restaurants (the “Fat Abascal Burger” chain) in Madrid, a Football Team (the “Seville Angels”), has launched her own brand of Vodka (Pure Wonderabascal - Spain), and is tackling the juniors market with a top-selling perfume (With Love from Nati) and a fashion line called “Nati Abascal Seduction”.
The ranking is significant for many Nati fans, who have been waiting for her triumphant return to the glory days for what seems like a lifetime.
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