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The fabulous life of legendary fashion billionaire Ralph Lauren

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Ralph Lauren

Ralph Lauren is a name synonymous with American fashion. And yet, the story of how he built one of the largest fashion companies in the world from nothing isn't quite so well-known.

Lauren's net worth is now estimated to be nearly $6 billion, according to Forbes.

Here's how he amassed that wealth, and what he uses it for.

 

SEE ALSO: How a former lawyer quit his office job to revolutionize how men buy luxury bespoke suits

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Ralph Lifshitz was born in New York City in 1939, the youngest of four by Russian Jewish immigrants. As a teenager, he changed his last name to Lauren and walked around his Bronx neighborhood wearing outlandish styles like army fatigues and tweed jackets.

Source: O, The Oprah Magazine



After dropping out of Baruch College two years in, he enlisted in the US Army and served from 1962 to 1964. He then had a short stint as a tie salesman at Brooks Brothers and another, now-defunct tie company.

Source: O, The Oprah Magazine



By 26, he was designing and selling his own neckwear. He put together "rags" and fashioned them into ties. He designed a distinctive fatter, European-style neck tie, making them "out of a drawer" in the Empire State Building.

Source: O, The Oprah Magazine



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