Age: 46
Source of wealth: Fashion, Self-made
Country of citizenship: USA
Net Worth: $1 Billion (march 2013-forbes)
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(Queen of the $200 ballet flat Tory Burch joins this year's Forbes Billionaires list thanks to the incredible growth of her perppy bohemain womenswear brand,which brought in $800 million in revenues in 2012.-forbes.com)
Now enjoy, reading an interview with Tory Burch, which was publish on www.dailymail.co.uk on 15 October 2012
She is in the middle of
a nasty legal battle with her ex-husband – who claims that she would be nothing
without his help, money and guidance.
And now fashion star
Tory Burch has admitted that she took a huge ‘risk’ in setting up her eponymous
label eight years ago.
In a new interview, the 46-year-old designer– who has turned her dream into a
$330-million-a-year international fashion empire - reveals: ‘I had never been
to business school, I had never been to design school, and it was a risk.
‘It was putting myself
out there in a way that was opening myself up for criticism.’
The striking blonde
mother-of-three added: ‘I’m a sensitive person, so it was hard.'
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| Billionaire Tory Burch |
In the interview with
Harry Smith for NBC’s Brian Williams’ Rock Center, Mrs Burch told how she
called people out of the blue and asked to show them her ‘image books’, scrap
books that she had filled with clippings from magazines and catalogues .
She laughed: ‘I have
about 30!’
Mrs Burch studied art
history at college and after graduating she took a series of jobs in fashion
and marketing, including at Harper’s Bazaar magazine. She also worked alongside
Ralph Lauren and Vera Wang.
When asked if she knew
what women want, Mrs Burch replied: ‘Oh gosh, that’s such a hard question.
‘I know what I want and
I think that some of the things that I want translate to what women want. I
would say I learned along the way.’
Mother to sons Henry and
Nick, 14, and 11-year-old Sawyer, Mrs Burch recently admitted she never
expected things to get this big.
When she started, she
had a five-year plan of three stores..But her clothes are now worn by A list
stars ranging from Taylor Swift to Oprah Winfrey and First Lady Michelle Obama.
Last year, she added 18
new stores to her 46 Tory Burch shops worldwide and it was predicted that her
2011 revenue would jump by an eye-watering 52 per cent.
But she told Glamour
magazine: ‘I see myself as a tomboy who grew up on a Pennsylvania farm and who
has three kids.'
Mrs Burch is still in a
protracted legal battle with her ex-husband, who launched legal action against
her earlier this month.
Mr Burch, 59, claims
that his ex-wife’s company is damaging his new rival design business, C.
Wonder.
In a pointed attack on
his former wife, Mr Burch even claims that he was the brains behind her
eponymous and highly successful business.
Legal papers filed by Mr
Burch, who plans to get rid of 28.3 per cent stake he owns in Tory Burch,
believes the board of the company is hindering the success of his new rival
chain C. Wonder.
Last week, it was
reported that Mrs Burch had sold her Hamptons mansion for $11million - less
than half the figure she paid for it in 2008.
The fashion designer
bought the Southampton property for $22.5million from ex-husband Chris Burch
following their 2006 divorce.
However, neighbours,
which include billionaire David Koch, Calvin Klein and Rachael Ray, now fear
that the low sale price will affect the status of the upscale locale.
Mrs Burch, who has been
trying to sell the six-bedroom house since 2009 after a burst pipe caused
extensive water damage, was forced to repeatedly cut the asking price to
attract a buyer.
The ocean-front
property, which was built in 1980, initially went on sale at $17.9million,
complete with plans to replace it with a 7,100sq ft beach house designed by
architect Daniel Romualdez.
The new buyer of Mrs
Burch's home, whose name has not been revealed, apparently plans to do just
that, according to the New York Post.
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| Tory Burch Showroom in Milan |
Typically properties in
the area range in price from $30 to $50 million.
Mrs Burch, meanwhile,
has already moved on, having purchased the nearby Howard Gittis estate for
$16million at the end of 2011
The sprawling Jazz Age
mansion has since featured in Vogue, following renovation by longtime friends
Daniel Romuadlez and Eve Hood.
The designer told the
magazine that she had not intended to buy a new home, least of all one of such
grandeur, but fell for the pile after she had imagined her sons ‘growing up
here, and then coming back with their families.'
(original source of this article is www.dailymail.co.uk and interviewer is Sara Nathan)
Would you like to read more interview with famous personality: click here (list of interview)
