What Is Tom Ford Net Worth 2023?

Tom Ford, the iconic American fashion designer, has made a significant impact on the world of luxury fashion and Hollywood. 

In this article, ByBoe will dig into Tom Ford net worth in 2023 by looking at his career highlights and his real estate portfolio. Let’s follow!

What is Tom Ford Net Worth and Salary in 2023?

According to reports, Tom Ford’s net worth 2023 is a whopping $2 billion. This is why in late 2023, he sold his fashion brand to Estée Lauder.

This sale resulted in a remarkable surge in his net worth from approximately $500 million to $2 billion. In terms of his salary, it is estimated to range between $65,000 and $189,000 in 2023.

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Why is Tom Ford Famous?

Tom Ford is famous for his unmatched talent in revolutionizing and enhancing fashion. He is both a designer and a cultural icon.

His distinctive style, known for its smooth lines, luxurious materials, and meticulous craftsmanship, represents timeless grace and refinement.

Tom Ford is a well-known figure in the fashion world because celebrities have worn his designs on red carpets and stages.

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Tom Ford’s Overview

Early Life

Tom Ford’s birth name is Thomas Carlyle Ford, born on August 27, 1961, in Austin, Texas. He grew up in the suburbs of Houston and San Marcos early on.

The son of realtors Shirley Burton and Thomas David Ford, he developed an interest in design from a young age.

At just six years old, he would rearrange the furniture in his family home and even offer his mother feedback on her hair and shoes.

Ford’s family moved to Santa Fe, New Mexico when he was 11. There, he continued to develop his love for style and beauty.

While in Santa Fe, Ford attended St. Michael’s High School. Later, he transferred to Santa Fe Preparatory School and graduated from there in 1979.

Eager to further his education, he enrolled at Bard College at Simon’s Rock at the age of 16 but quickly dropped out. Ford then study art history at New York University.

During this period, he discovered Studio 54, a nightclub whose disco-era glamour would later influence his designs. However, after only a year at NYU, Ford left to pursue acting in television commercials.

Ford went to school to study interior architecture at the Parsons School of Design at the New School in New York City.

Before finishing his degree, Ford interned for a year and a half at Chloé’s press office in Paris. This experience ignited his passion for fashion.

He returned to Parsons to complete his final year, focusing on fashion while still graduating with a degree in architecture.

Career

In 1985, Tom Ford made his debut in the fashion industry as a creative assistant for the prestigious sportswear brand Cathy Hardwick. Two years later, he landed a job designing jeans for Perry Ellis on Seventh Avenue in New York.

In 1990, Ford’s career took a significant leap when he moved to Milan to become the Women’s Wear Designer for Gucci.

Domenico De Sole, the CEO of the brand, made him Gucci’s Creative Director in 1994.

After Gucci bought Yves Saint Laurent in 1999, Ford became the Creative Director there because of how well he had done at Gucci.

His time at YSL was marked by some of the most infamous and controversial campaigns and designs in history.

But in 2004, Ford and the Gucci Group broke up because they had different ideas about who should run the company.

In 2006, Ford launched his eponymous label, focusing on menswear, beauty, eyewear, and accessories.

The Tom Ford brand gained recognition for its sleek, well-tailored men’s outfits. It also became known for its fragrances, including the unisex scent Black Orchid.

Prominent figures, including First Lady Michelle Obama, have donned Tom Ford’s designs, further solidifying his status as a fashion icon.

In addition, he directed the critically acclaimed films A Single Man (2009 and Nocturnal Animals (2016). Both of which were nominated for Academy Awards.

Tom Ford has won a lot of awards and praise for his work. It includes five awards from the prestigious Council of Fashion Designers of America (CFDA) and several VH1/Vogue Fashion Awards.

Personal Life

In 1986, Ford met Richard Buckley, a journalist and former editor-in-chief of Vogue Hommes International. The two instantly connected, and their relationship blossomed over the years. After 28 years of dating, Ford and Buckley decided to tie the knot in 2014.

Ford and Buckley’s family expanded in September 2012 when they welcomed their son, Alexander John Buckley Ford.

Richard Buckley died suddenly in September 2021 when he was 72 years old. This left Ford and their 9-year-old son, Jack, to figure out how to live without him.

FAQs about Tom Ford

Gucci was owned by Tom Ford?

But Ford left Gucci soon after Pinault finished taking over the company in April 2004.

Who is the owner of Tom Ford?

In November of 2023, Estée Lauder paid $2.8 billion to buy the Tom Ford company.

Is Tom Ford going to leave?

Tom Ford, an American fashion designer, is leaving the company he helped start in 2005.

Conclusion

Tom Ford has had an amazing career in fashion and film, making a lasting impact on the industry. He transformed Gucci into a billion-dollar brand and started his own successful label.

His innovative fashion ideas, such as silk hipsters and open-neck satin shirts, influenced Italian fashion and society.

He is also known for his work as a photographer and creative director. His flexibility and attention to detail have earned him praise.