KATE SPADE — $300 MILLION
A high end fashion designer, Kate spade created a fashion empire worth $300 million with her sense of fashion. Spade was graduate in journalism, but always had a fascination for clothing ans fashion. She was working for a men’s clothing store named Phoenix, where she met her future husband Andy Spade. The couple together began their own business in the fashion industry.
The couple established the Kate Spade New York label in 1993 and stared designing hand bags that were priced between $150 and $450. The business multiplied and soon became a high end fashion label. The couple were blessed with a daughter in 2005 and Spade took some time off her work to focus on raising her daughter. She later ventured into luxury footwear under the brand name Frances Valentine and also achieved great success. In 2018, Kate passed away after a long battle with depression and anxiety. She passed on her fashion legacy to her daughter. With a huge inheritance and several investments, we are sure Kate’s daughter will live a wonderful life and take her business much more ahead.