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Jeffrey Lubell Net Worth, Biography & Wiki 2017
Jeffrey Lubell was born in Brooklyn, New York City USA in March 1956, and is a clothing designer best known to the world as the co-founder with his ex-wife of denim jeans manufacturing company True Religion, which opened its doors in 2002. Previously, he worked for numerous clothing brands, gaining experience and building up his name in the clothing industry.
Have you ever wondered how rich Jeffrey Lubell is, as of early 2017? According to authoritative sources, it has been estimated that Lubell’s net worth is as high as $45 million, an amount earned through his successful career as a clothing designer and manufacturer.
Jeffrey Lubell Net Worth $45 Million
Jeffrey spent his childhood splitting time between Long Island and Brooklyn. His family was already in the clothing business, and as he got older, Jeffrey became interested as well in the clothing industry. He approached his dad for a job in the family company, however, he was told to seek engagement elsewhere. He found his first job at the swimming pool of the Catskill Hotel in New York City when he was just fifteen years old, and from there found employment in the clothing business, working for several brands in various positions, which only helped him learn the business and also increase his net worth. He eventually worked for Hippie Jeans LLC as President & Creative Director, and also was employed as Vice President & Creative Director for Jefri Jeans & Bella Dahl.
However, he became tired of working for others, and decided to branch out on his own, and he firstly manufactured 24 pair of jeans which he sent to a boutique owned by Fred Segal on Melrose Avenue.
However, at first his jeans were heavily criticized, and as a result he gave away the first series of jeans to the employees of the aforementioned boutique.
However, he didn’t surrender, and made a breakthrough almost immediately with his company True Religion, focusing on denim rather on other material; that was in 2002. The following year he went public with his company, and since then has made it into one of the most successful clothing brands. Nowadays, his company has more than 150 stores, both in the US and across the world, which has significantly increased his wealth. He now serves as its Chief Executive Officer, Chief Merchant and Chairman of the Board of Directors. In 2003 his company merged with Tower Brook Capital Partners, in a deal that was worth around $835 million, further increasing his wealth. In recent years, he has expanded his production to shirts, boxers and socks, the sales of which also benefited his wealth.
According to Forbes True Religion Brand Jeans filed for bankruptcy protection (Chapter 11) in July 2017, managing to reduce debt and choosing to take a possibility for True Religion’s iconic brand for future growth and success.
Regarding his personal life, there is little info about Jeffrey in the media. However, he is divorced from Kym Gold after a marriage of 17 years – they have three children.