Entrepreneurship is one of those fields where limitations like age don’t matter. Whether you start a business as a teenager or after your 40s, its chances of becoming successful are equal.
Vera Wang started her own business at 40 years of age and made millions from it. It has inspired entrepreneurs who think their train of business has left the station. People are also interested in knowing Vera Wang net worth as well as business details.
In this article, I am going to describe these details comprehensively. Let’s start!
Who is Vera Wang?
Vera Wang is an American fashion designer famous for her wedding gowns and red-carpet dress designs. After spending decades in the fashion industry, she now has become a fashion icon for the general audience as well as celebrities.
Vera’s dresses have been worn by Michelle Obama and Ariana Grande. She’s also designed costumes for figure skating professionals. Vera used to be a figure skater herself, which helped her design costumes with great care and detail.
- Full Name: Vera Ellen Vang
- Date Of Birth: June 27, 1949
- Birth Place: New York
- Nationality: American
- Marital Status: Divorced
- Height: 1.61 m
- Occupation: Fashion designer, Entrepreneur
- Zodiac Sign: Cancer
- Ethnicity: Chinese American
- Children: 2
Vera Wang Net Worth:
Vera Wang net worth is $650 million. Working hard in the fashion industry has helped Wang gather this wealth. Usually, entrepreneurs do not get a lot of starting investment from people while starting a business.
However, Vera was lucky enough to get a $4 million startup investment from her father. It helped her get a jumpstart for running the business. Starting a business at the age of forty was still a risk.
Vera took this risk which turned out to be pretty profitable. Her production line sells some high-quality and expensive products. For instance, her wedding dress ranges from $700 to $3,500. The price can go to $10,000 for a custom-designed Vera Wang wedding dress.
Vera Wang Biography:
Vera Wang was born on June 27, 1949. Her parents moved to the US from China before in the ‘40s. Vera’s mother used to work as a translator for the United Nations. Her father is the owner of a medicine company. So, Vera clearly had the influence of talented parents
Education:
The educational background of Vera is pretty interesting. She had a proper education from school to university. She started her studies at Friends Seminary and later on transferred to the Chapin School.
After completing studies at the school, Wang pursued a degree in art history at Sarah Lawrence College. She also studied at the University of Paris and got a bachelor’s degree from there.
Career Highlights:
Wang’s career in the fashion industry started immediately after her graduation. She got a job as an editor at “Vogue” where she spent around seventeen years. After resigning from Vogue, Vera went directly to work for Ralph Lauren spending another two years of her professional life with this company.
Later on, she made up her mind about starting her own business at the age of 40 which sounds like a risky move. However, Wang was bold enough to take the risk and focused on creating bridal dresses for people.
She was finally able to open up her boutique in the Carlyle Hotel in New York City. Vera started making products beyond just wedding dresses. She also opened the Simply Vera retail with a collaboration with Kohl’s in 2007. The main purpose of this collaboration was to make her products available to a general audience at reasonable prices.
Wang’s business got famous pretty soon and she started making dresses for many popular celebrities. She also designed costumes for many famous figure skaters including Nancy Kerrigan.
Personal Life:
Vera Wang married an investor named Arthur Becker in 1989. The couple enjoyed the wedding which was based on both the Baptist and Jewish faiths. They also adopted two children before declaring separation in 2012. Wang’s still running her business designing dresses for famous figures.
Conclusion:
Vera Wang net worth is around $650 million. She worked in the fashion industry for a decade after graduating from university. Despite being a 40-year-old woman, Vera decided to run her own business and make bridal dresses. She made different other products as well and her business became very successful.
