CEO
Mike Jeffries Net Worth
Michael Stanton Jeffries, commonly known as Mike Jeffries, is a famous American entrepreneur. To the public, Mike Jeffries is perhaps best known as a former CEO of a popular retailer called “Abercrombie & Fitch”. Over the years, Jeffries had significantly contributed to the style and popularity of the company. “Abercrombie & Fitch” primarily focuses on clothing designed specifically for young consumers, yet it also sells men’s and women’s fragrances. In addition to that, “Abercrombie & Fitch” has control over three of its subsidiaries, namely “Gilly Hicks” underwear, “Hollister Co.” store for teenagers, as well as “Abercrombie Kids” stores for children. Even though the company has stores in over 400 locations in the United States alone, the company failed to avoid legal issues, which are related to its treatment of customers, as well as employment practices. “Abercrombie & Fitch” had also met with product criticism, and was even placed in the “Sweatshop Hall of Shame” in 2010. Mike Jeffries became one of the contributors to the negative outlook on the company, by stating that “Abercrombie & Fitch” avoided marketing its products to unattractive individuals. Despite the fact that he apologized for his comments in 2013, “Abercrombie & Fitch” is still negatively perceived by some of its clients.
Mike Jeffries Net Worth $300 Million
A well-known former chief executive officer of “Abercrombie & Fitch”, how rich is Mike Jeffries? According to sources, Mike Jeffries’ net worth is estimated to be $300 million, the majority of which he has accumulated due to his involvement with “Abercrombie & Fitch” company, as well as other business ventures.
Mike Jeffries was born in 1944, in Oklahoma, United States, yet he was raised in California. When Jeffries graduated from high school, he enrolled in the Claremont McKenna College, from which he graduated with a Bachelor of Arts degree in Economics. Two years later, he earned a Master of Business Administration degree in Columbia Business School, and continued his studies at the London School of Economics. Around the same time, Jeffries joined “Abraham & Straus” store, where he had an opportunity to work with Millard S. Drexler. One of his first business ventures was the “Alcott & Andrews” brand, which specialized in selling women products. At the very beginning, the company seemed rather promising, yet it soon went bankrupt. When he closed the store, Jeffries went on to work at “Paul Harris”, before he was noticed by Les Wexner, the CEO at “The Limited” company. Jeffries’ main aim was to reshape the old image of the “Abercrombie & Fitch” company, and make it more sophisticated, yet accessible. With Jeffries’ help, the company succeeded in opening dozens of new stores, as well as attracting potential clients. However, “Abercrombie & Fitch’s” success was largely overshadowed by criticism and controversy. Mike Jeffries served as the CEO of the company until his resignation in 2014.
In regards to his personal life, Mike Jeffries married to Susan Marie Isabel Hansen in 1971, yet they eventually separated. Together, they have a son Andrew Hansen Jeffries. Currently, Jeffries lives with his partner Matthew Smith.
Businesspersons
Dean Spanos Net Worth
Dean Alexander Spanos was born on the 26th May 1950, in Stockton, California USA and is the businessman mostly known as the chairman of the board and CEO of the National Football League’s (NFL) team the San Diego Chargers. His leadership, since 1984, has directed the Chargers to consistent and successful seasons, placing them among the most decorated teams of the NFL.
You must be wondering how much wealth this team leader has accumulated so far? How rich Dean Spanos is? According to sources, it is estimated that Dean’s net worth, as of early 2016, is over $100 million which has been earned through his team presidential career now spanning almost 22 years.
Dean Spanos Net Worth $100 Million
Dean was raised in his home town where he finished Lincoln High School. While a teenager, he actively played golf and football, and even won the Lincoln High Hall of Fame Award for his sports accomplishments. Dean continued playing golf during his college years, at the University of the Pacific in Stockton, California from which he graduated in 1972 with Bachelor of Science degree in Business Administration.
After graduation, Dean started working with his father, Alex Spanos, founder of A.G. Spanos Company, with 10 other daughter companies under the Spanos label. In each of them, Dean Spanos served as president, and was also the vice-chairman of the AGS Financial Corporation. In 1984, Dean’s father bought a major share of the San Diego Chargers for $48.3 million, and in 1994 Dean became, and still is, the president and CEO, overseeing business as well as football operations. All these involvements have greatly increased Dean Spanos’ overall net worth.
Apart from his professional engagements, Dean is also very active in the San Diego community. The Spanos family, with Dean in it’s driving seat, is recognized as one of the most philanthropic families of the football world as well as Southern Californian great contributors. Throughout the years, they have provided more than $12 million, supporting different services and activities in San Diego County. In 1999, Dean Spanos used his huge net worth and founded Chargers Champions, a program that provided over $5 million as a support to San Diego’s schools, students and teachers, improving almost all aspects of student’s life – fitness, athletic programs and nutrition. For his contribution to the community, Dean was decorated with the Harold Leventhal Community Service Award and he also received the Ellis Island medal of Honor. Besides these mentioned, Dean Spanos was inducted into the DeMolay International Alumni Hall of Fame.
With Dean Spanos as a chairman, the San Diego Chargers have participated in several Super Bowls, becoming one of the top three teams with wins, including five AFC West titles in 2004, 2006, 2007, 2008 and 2009.
When it comes to his personal life, there aren’t any controversies and affairs connected to Dean Spanos. He has been married since 1977 to Susie and they have two sons – both of them have followed their dad’s path and became active in NFL, with older son Alexander Gus becoming vice-president of the Chargers in 2011, and younger John the president of football operations for the Chargers too.
Alongside his wife, Dean Spanos is a big supporter of San Diego’s police as well as fire and sheriff’s departments. Spending enormous amounts of money, Dean and Susie helped the city services to get new gear, vehicles and equipment. They are also the top contributors to Rady Children’s Hospital, San Diego Blood Bank and San Diego State University. For their generous donations and involvements, in 2014 they was honored with Community Champions Award by the San Diego Hall of Champions Sports Museum.
Businesspersons
James Jebbia (Supreme) Net Worth
James Jebbia was born on the 22 July, 1963, to an American father in the US military, and a British mother, and is best known as the founder of the clothing and fashion accessories brand Supreme, which was launched in New York City in 1994. He has been active in the business industry since the early 1990s.
How much is the net worth of James Jebbia? It has been reported by authoritative sources that the overall size of his wealth is as much as $40 million, according to the data given at the end of 2017. Business is the major source of Jebbia’s fortune.
James Jebbia (Supreme) Net Worth $40 Million
To begin with, the boy was born in Philippines, but when he was still a small boy his family moved to England. In 1983, he moved to New York City in the US.
Concerning his professional career, initially he worked at the clothing and skate shop Parachute. His first store Supreme was opened on Lafayette Street in New York City in midtown Manhattan, and rapidly became the heart of New York City’s skateboard culture in 1994. At first, it was a gang of young rebel New York skaters and artists who became both the staff and customers of the store. Their logo is a red rectangle in which is inscribed in the name of the mark in white with the typography Futura Heavy Oblique; the first T-shirts were just white with the logo in the middle of the model name of the T-shirt is: Box Logo, which established the brand and James’ net worth.
The brand is also known for its numerous collaborations with other brands, such as Nike, North Face, Vans, Timberland or Louis Vuitton. Today, there are other Supreme stores in London, Paris, Los Angeles, Tokyo (Harajuku & Daikanyama), Nagoya, Osaka, and Fukuoka, and recently Brooklyn where a store opened in 2017. The brand has specialized in hip-hop, punk rock and skateboarding. The brand also has a skate team. The brand remains very discreet, as is its founder. Unlike other clothing brands, which publish their new collections all at once, Supreme only launches a few items at a time, usually five to fifteen. This drop occurs online and in store once a week, and is obviously effective as usually everything is sold out in a few minutes. This strategy maintains the aura of media beat that the brand creates.
In 2017, James Jebbia announced that the private equity firm Carlyle Group has acquired significant stakes in the skateboard brand – it should be about 50 percent of shares of financial investor Carlyle to have paid about $500 million. The value of the Supreme brand is estimated at over $ 1 billion. Supreme is the major source of James Jebbia net worth.
Finally, in the personal life of the businessman, he is married and has two children.
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stanhope
June 30, 2016 at 6:41 am
Despite the criticism he gets, Jeffries should be credited with taking an old sleepy brand and making it the purveyor of some of the most desirable clothing in the country. His partnership with Bruce Weber and the imagery they created was way ahead of it’s time. Carrying that vision from catalogue to store to shopping bags was brilliant. While some of his statements were not politically correct, he was nonetheless genius. Keep in mind there is little politically correct about high school life. His problem was excessive expansion so the “special” faded and poor location choices for RUEHL which, for what it was, made no sense.