Rachel Roy Highest-Paid Fashion designer in the World
- By Carol Kearney
- Washington
- Last updated on
Hot news
- Breaking news November 4, 2024
- Hot November 4, 2024
- Rumor Central November 2024
It's been a rough year for the fashion designer, but at least she has her millions of dollars to ease the pain. 50-year-old Rachel Roy has taken the No. 1 spot on People With Money’s top 10 highest-paid fashion designers for 2024 with an estimated $46 million in combined earnings.
UPDATE 05/11/2024 : This story seems to be false. (read more)
Rachel Roy tops annual list of highest-paid fashion designers
In 2022 it looked like the fashion designer’s spectacular career was winding down. Suddenly, she was back on top. People With Money reports on Monday (November 4) that Roy is the highest-paid fashion designer in the world, pulling in an astonishing $46 million between October 2023 and October 2024, 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 American 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 Roy Burger” chain) in Washington, a Football Team (the “San Bernardino County Angels”), has launched her own brand of Vodka (Pure Wonderoy - US), and is tackling the juniors market with a top-selling perfume (With Love from Rachel) and a fashion line called “Rachel Roy Seduction”.
The ranking is significant for many Rachel fans, who have been waiting for her triumphant return to the glory days for what seems like a lifetime.
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