It’s Official! Karl Lagerfeld Is A Certified Kajillionaire
It’s no surprise that Karl Lagerfeld is a wealthy dude, but we may have underestimated the Kaiser’s wealth just a bit. He’s set to make $108 million..in just one year…from his men’s collection alone.
We rarely get the opportunity to peek into a designer’s finances, but with Lagerfeld (the men’s collection in question) extending its partnership with its licensing company, the staggering sales projections were released to the public. This wee bit of change is just a drop in the bucket. Lagerfeld also gets paychecks from Chanel, Fendi, and his myriad collaborations with the likes of Macy’s, that glassware company, that wine company, and the like (and we know how much money those can net).
The next year should prove to be an even bigger one for the desiger, whose masstige line is set to drop on Net-A-Porter in February and whose new women’s line Karl Lagerfeld Paris will roll out to stores in the fall. And this is why he can afford five townhouses on the same tony Paris street and a white gold iPad.