Richard Saghian, an American businessman, is the founder and CEO Fashion Nova. Richard Saghian’s net worth was over $60 million as of 2022.
|Full Name||Richard Saghian|
|Date of birth||January 31, 1982|
|Age||40 years old|
|Born Place||California, United States|
|Status of a Relationship||Single (probably)|
|Net Worth||More than $60 Million|
|Height||5 feet 9 inches (175 cm)|
Richard Saghian was a California native, born January 31, 1982. His interest in the fashion industry came through his father who owned women’s clothing stores when he was very young. Richard and his entire family used to work at the stores.
Richard Saghian Net Worth & Career
Fashion Nova was founded by him in 2006. The motto at that time was selling low-price “clubwear” and apparel in Los Angeles- area malls. Seven years later, he created the ecommerce website and used Instagram as a platform to promote his brands.
With the use of social media sites for promoting their brands, the company’s fame grew enormously. The company’s Instagram page now boasts a massive 20.2 million followers and their social media count is more than H&M and Zara combined.
Fashion Nova’s success is also down to several influencers promoting their brands. More than 2,000 social media influencers have promoted their brands via their social media pages. Some of the high-profile celebs who are promoting Fashion Nova’s products are Cardi B, Kylie Jenner, Khole Kardashian, and Nicki Minaj.
Fashion Nova is one of the largest fashion companies in the world. It collaborates with around 1,000 manufacturers and produces 600-900 new styles every week. The company’s items are mainly made in Los Angeles but also work with several vendors in China.
Fashion Nova was the top-searched fashion brand for 2018, surpassing Gucci, Louis Vuitton and Chanel. That year, Fashion Nova reported a remarkable profit of more than 600%.
Fashion Nova also signed a deal to rapper Tekashi69 where he would drop the company’s name on one of his songs. The lyrics were withdrawn after a dispute between Nicki Mnaj and Cardi, who is a brand ambassador for the company.
Very little is known about Richard’s personal life as he is of a private nature. We do not know much about Richard’s relationships and his love life.
Recenty, on June 25, 2022 several gunfires were exchanging outside Richard’s home. According to Los Angeles Police, the shooting happened at 2.a.m outside Richard’s home during an attempted robbery on the street. A suspect and another suspect were both wounded. Richard, who was at home, was not injured by the robbery and was not in danger.
Richard Saghian Net Worth
As of 2022, Richard Saghian’s personal wealth is estimated to be around $60 million. He is well-known for his success in Fashion Nova. Richard bought a Hollywood Hills home in 2018 for $17.5million. The house was once owned by DJ Aviccii. It had 7,000 square footage, 6 bedrooms, and 7 bath rooms.