Marc Jacobs is a 56-year-old American fashion designer. He is known in history as the youngest fashion designer to win one of the industry’s highest honors, the Council of Fashion Designers of America (CFDA) Perry Ellis Award for New Fashion Talent in 1987, and bagged several other awards by the council.

Marc Jacobs label is famous for its men and womenswear shoes, handbags, accessories, jewelry, and sunglasses. He is also famous for his Spring/Summer 1992 Grunge women’s collection.

His estimated net worth is $100 million.

 

Early Life and Childhood

He was born on the 9th of April, 1963 to non-observant Jewish parents in New York City. His parents were both agents at the William Morris Talent Agency but lost his father at the age of 7 to Ulcerative colitis.

His mother subsequently remarried and got divorced three times and this involved relocating the family with each marriage.

During his teen years, he lived with his paternal grandmother on the Upper West Side of Manhattan in an apartment in the Majestic on Central Park West. She taught him the nitty-gritty of knitting and this inspired his interest in fashion design.

She encouraged him that he could achieve anything his heart so desires. He remained focused on his dreams of becoming an exceptionally distinct fashion designer.

At the age of 15, he attended the High School of Art and Design during the day and worked as a stock boy after school at an Upscale Clothing boutique, Charivari where he met his mentor, Perry Ellis.

His working experience at Charivari helped harness his innovative abilities as he designed sweaters in between his tasks of folding clothes and dressing mannequins and graduated in 1981.

He further enrolled at the world-famous “Parsons School of Design” in New York. In 1984, he designed a collection of hand-knit sweaters as his graduation project which earned him some of the school’s highest honors; Design Student of the Year Award alongside the Perry Ellis & Chester Weinberg Gold Thimble Awards.

 

Career

His hand-knitted sweater ‘graduation project’ collections caught the attention of Barbara Weiser, the owner of Charivari boutique, who subsequently ordered for them to be produced professionally and sold in her boutique under the label, “Marc and Barbara” and it yielded positive reviews from the public.

His collections also caught the eyes of an Executive at Reuben Thomas Inc., Robert Duffy who convinced the company to hire him to help with designs for the company’s subsidiary label, “Sketchbook” in 1984.

He designed two collections for Sketchbook which both yielded positive reviews from even critics before Reuben Thomas Inc. went out of business in 1985. He then partnered with Robert Duffy to launch the “Jacobs Duffy Designs Inc.” in 1986.

Thereafter, he secured the financial backing to design under his own label (1986–88), for which he became the youngest fashion designer to win the Council of Fashion Designers of America’s (CFDA’s) Perry Ellis Award for New Fashion Talent (1987)—one of the industry’s highest honors.

In 1989, he was hired as the Creative Director/Vice President of the Perry Ellis Women’s collection alongside Robert Duffy as the President following the death of its founder.

In 1992, he launched a Spring/Summer Grunge women’s collection for Perry Ellis.  It was a commercial failure and led to his and Duffy’s dismissal from their roles at the company in 1993.

He was honored for his grunge collection by the Council of Fashion Designers of America with “Women’s Designer of the Year Award” that same year.

By the fall of 1993, Jacobs Duffy Designs Inc. launched its own licensing and design company, Marc Jacobs International Company.  He produced his first full menswear line in 1994.

He was hired as Creative Director of the Louis Vuitton house of luxury goods in Paris where he designed the company’s first ready to wear clothing line in 1997. He started abusing cocaine, heroin, and alcohol and was struggling with addiction and went for rehabilitation in 1999.

In 2001, he launched a sleek line of sportswear which expanded his signature brand, “Marc by Marc Jacobs” globally. He also launched a new line of children’s wear, “Little Marc Jacobs” in 2005.

“Look” was Marc Jacobs ‘ready to wear’ license holder in Japan with a retail value of €50 million in 2005.

Jacobs introduced a new line of body-splash fragrances in ten-ounce bottles in 2006 which were first being sold only in perfume boutiques but later became very popular.

A documentary film about Marc Jacobs was released by filmmaker, Loic Prigent entitled “Marc Jacobs and Louis Vuitton” in 2007.

He quitted his job at Louis Vuitton to focus more on his line in 2013. He also launched his makeup brand, “Marc Jacobs Beauty” that same year.

By summer of 2013, he had opened about 285 Marc Jacobs’s retail stores (including Marc by Marc Jacobs & Marc Jacobs Collection) in 60 countries. In December 2013, he opened the new Marc Jacobs flagship store in Shangai.

In March 2015, he announced the end of his secondary brand, “Marc by Marc Jacobs” to focus on the growth of his main label “Marc Jacobs” to achieve full global recognition.

 

Personal Life

He proposed to his longtime boyfriend, Charly Defrancesco, a model turned candle maker while in a Chipotle restaurant on the 4th of April, 2018. They got married in New York City on the 7th of April, 2019.

 

Awards

He was honored by the Council of Fashion Designers of America (CFDA) with the following awards:

  • CFDA’s Womenswear Designer of the Year Award (1991, 1992, 1997, 2010, and 2016)
  • CFDA’s Menswear Designer of the Year Award (2002)
  • CFDA’s Accessory Designer of the Year Award (1998, 1999, 2003, and 2005)
  • CFDA’s Geoffrey Beene’s Lifetime Achievement Award (2011)

He was also honored with the MTV VMA Fashion Trailblazer Award in 2019

 

Net Worth

His estimated net worth is $100 million (2019).

 

Read also: CALVIN KLEIN-Bio, Net worth & Awards

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