Tom Ford, an American born-designer is famous as the creator of the eponymous luxury brand Tom Ford (launched in 2006). Prior, he served as creative director on Italian luxury brand Gucci and French luxury fashion house Yves Saint Laurent until 2004.
Aside from designing, the Austin, Texas native made quite a handy success in film directing as well; the 2009 film A Single Man, directed by Ford received a nomination for Academy Award.
How Much Is Tom Ford’s Net Worth In 2020?
According to Celebrity Net Worth, the 58-year-old designer, as well as filmmaker, has a net worth of $500 million as of March 2020.
The Parsons The New School for Design attendant got wide fortune accumulation after he worked as creative director for luxury brands Gucci and Yves Saint Laurent, from 1990 till 2004.
On average, a Gucci Creative Director earns the annual salary of $167,654.
After leaving Gucci, Ford launched his owns brand Tom Ford in 2006 that features both men & women ready-to-wear apparel and ranges from eye-wear, sunglasses to fragrances.
Reportedly, the American designer’s eponymous line sells over 1 million pairs of sunglasses ever year (a pop roughly costs $350) & records the brand’s yearly revenue at $500 million.
Also, he records 2 film directing credits, that also aided in his fortune.
His movie directorial debut was in A Single Man (2009); the film made on the budget of $7 million collected $25 million in gross & even more, earned Academy Award nomination.
Ford’s other movie as director, Nocturnal Animals (2016) made $32.4 million from the budget of $22.5 million.
Online sources cite that based on experiences, a film director can earn in the range of $31k – $147k per year.
How Tom Ford’s Designing Career Began?
While as a student of The New School‘s Parsons division, Tom worked as an intern at French luxury house Chloé‘s press office & later got work as a design assistant for American designer Cathy Hardwick for 2 years.
By 1988, Ford had joined Perry Ellis, an American fashion clothing brand, however, left after he felt monotonous working in American fashion.
Aided Turnaround Of Nearly Bankrupt ‘Gucci’ To Billion Dollars Empire
In 1990, Tom began working for Italian fashion house Gucci; there he served as brand’s chief women’s ready-to-wear designer & within 6 months, he became its menswear designer.
By 1992, after being Gucci’s Design director, Ford oversaw ready-to-wear, fragrances, image, advertising, and store design.
Thereafter in 1994, he became Creative Director of Gucci & got wide acclaim for creating ads with whole a new level of creativity in artistic expression and commercial impact.
All thanks to Tom Ford’s collaboration with French stylist Carine Roitfeld and photographer Mario Testino.
Reportedly, between 1995 to 1996, the sales of fashion house increased by 90%; a drastic rise over the loss of $23 million per year off $230 million annually before Ford became the brand’s creative director.
In 1999, the high-end fashion brand was reportedly worth over $4 billion; they were on the brink of bankruptcy when Tom joined in 1990.
After 14 years of stint in the Italian luxury house, Ford left Gucci in 2004, & the company valued at $10 million, as per The Richest.
Since 2015, Alessandro Michele, an Italian designer serves as Creative Director of Gucci, & recorded annual revenue of $7.1 billion in 2017.
Launched ‘Tom Ford’ Fashion Line
In 2006 (2 years after leaving Gucci), Tom Ford launched menswear, beauty & accessories line of his own, ‘Tom Ford.’ The former CEO of Domenico de Sole, with him Ford worked, now serves as the chairman of the label.
Under his brand, the American designer has made apparel for many high-profile celebrities; in 2011, he designed evening gown for then-First Lady Michelle Obama.
He designed suits for Daniel Craig in 3 James Bond films: Quantum of Solace (2008), Skyfall (2012), and Spectre (2015).
In the 2019 Met Gala in New York, Hollywood actress Gemma Chan wore an evening gown by Tom Ford.
Owner Of Multi-Million Dollars Estates: Where Does Tom Ford Live?
The American designer Tom Ford divides his residences between New York & Los Angeles. While in LA, he lives in his 9-bedroom & 7-bathroom house at Holmby Hills, for which Ford paid around $40 million in 2016.
Before Tom acquired it, the estate was home to late socialite and philanthropist Betsy Bloomingdale.
As per Celebrity Net Worth, the American designer bought a 4-story New York City townhouse in early 2019 for a reported $18 million.
In December 2019, Ford put his property in New Mexico in the market with an asking price of $48 million. Earlier in 2016, the 22,000-acre ranch was put for sale for $75 million & slashed the price by $27 million after 3 years.
However, no update on the sales of the ranch is out.
Formerly, Ford owned a 3,795 square feet estate in Bel Air, California, until he sold the 3-bedrooms & 6 bathrooms property for $22 million in October 2019.
As for a fact, it was a clean $20 million profit for the fashion designer, who purchased it for only $2 million in 1997.
Is Open Gay & Father Of One: Who Is His Partner?
Tom Ford came to know about his sexuality in the early 80s when he frequently Studio 54. Currently, he is in a marital relationship with his partner Richard Buckley, a journalist & former editor-in-chief of Vogue Hommes International.
The couple met in 1986 at a fashion show in New York & began dating soon after; at that time Ford was 25 & Buckley was 38.
After dating for 28 years, they married in 2014 & shares a son named Alexander John “Jack” Buckley Ford, born via gestational surrogate in September 2012.
They formerly live in Italy & later went to London, where they stayed for 17 years. Now, the family of 3 divides their residences in Santa Fe, Los Angeles & New York.
Born To Realtors Parents: Short-Bio & Education
Tom Ford was born on August 27, 1961, in Austin, Texas, the USA, to Thomas David Ford and Shirley Burton, both were real estate agents. Ford’s birth name is Thomas Carlyle Ford.
Raised in Houston & San Marcos of Texas, Tom attended Michael’s High School & later graduated from Santa Fe Preparatory School in 1979.
Before attending The New School’s art and design college, Parsons The New School for Design, he had dropped out of 2 colleges already: Bard College at Simon’s Rock and New York University.