Ralph Lauren (born Ralph Lifschitz, October 14, 1939, Bronx, New York) is a world-famous fashion designer.
How Ralph Lauren got rich
After dropping out of City College of New York, Lauren served in the United States Army from 1962 to 1964. He also worked as a Brooks Brothers salesman before purchasing the polo label from Brooks in 1967. He opened his own tie business, Polo Fashions, in 1968. He was able to secure a $50,000 loan from a financial backer, and since then Lauren's "fashion empire" has grown to into a $5 billion industry.
In 1964, he married Ricky Low-Beer. They have three children—Andrew, David and Dylan.
$2.8 billion as of 2005.
$2.3 billion as of 2004.