What Is Karl Lagerfeld’s Net Worth?
German fashion designer Karl Lagerfeld died at age 85. The iconic trend setter blazed a trail in the fashion world with his tireless work ethic and distinct image.
Lagerfeld was also known for being supportive of other designers. Victoria Beckham commented about his kindness when she took the plunge into the fashion world, BBC reports.
In addition to his fierce love for a challenge and his influential impact on fashion, Lagerfeld was also an author, photographer and video director. He leaves behind a fortune of $200 million, according to Celebrity Net Worth. How did he achieve fame and success?
Lagerfeld gained notoriety designing for Chanel
Lagerfeld was born in 1933 in Germany under the name, Karl Otto Lagerfeldt, according to BBC. He changed his last name to Lagerfeld to make his name sound “more commercial.” Lagerfeld moved to France where he graduated from Lycée Montaigne, People reports.
Lagerfeld launched his career working for Pierre Balmain in 1955 and worked his way up to ultimately design for Fendi in 1965. He became a major design force when he took over design for Chanel in 1983.
When he accepted the Chanel job, the brand was in trouble. Colleagues urged Lagerfeld to walk away, but Lagerfeld’s love of a challenge took over. “Everybody said, ‘Don’t touch it, it’s dead, it will never come back.’ But by then I thought it was a challenge,” he told The New Yorker. Lagerfeld was ultimately known as the designer who brought Chanel back to life.
He was a groundbreaker in this area
A number of high-end designers offer their fashions at an affordable price. But Lagerfeld was the first designer to take this leap. In 1984 Lagerfeld designed a small line for H&M, People reports.
Lagerfeld was also known for being a skilled photographer, especially when it came to photographing supermodels and actresses. He booked noteworthy figures like Cindy Crawford’s teenage daughter, Kaia Gerber and Lionel Richie’s daughter Sofia Richie to walk in his fashion shows.
His tireless worth ethic is what helped to push him to work until the end. “I am never pleased,” Lagerfeld told WWD in 2017, People reports. “I always think I could do better. I think I am lazy; I think I could make an effort. And that’s why I can go ahead. If you are pleased with what you did, that’s very, very bad.”
Lagerfeld never saw perfection
While the world heralded the designer as a genius, Lagerfeld saw his legacy differently. “I am not paralyzed by success because I think in my own eyes, I am not a success, I still have to improve,” he said to WWD. “That sounds ridiculous, but it’s true… You know, like in show business, you are as good as your last show. I even say no, [as good as] your next show.”
Although Lagerfeld continued to work, he was less visible in the past year. He did not end his January 2018 with his signature bow and mentioned to WWD he was “feeling tired,” according to People.
When asked how he stayed so healthy, he said in 2006, “Vanity is the healthiest thing in life,” British Vogue reports.
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