Kate Spade Net Worth 2020, Biography, Career, Marital Life, and Death
Kate Spade Net Worth 2020 – Kate Spade was an American fashion designer, businesswoman, and the former co-owner of the designer brand, ‘Kate Spade New York’.
In 2006, she sold her stake in the company. In 2016, she, along with her partners, started new handbags and footwear brand, ‘Frances Valentine’.
Kate Spade has come a long way since she started her career way back in the early 1990s when she worked for ‘Mademoiselle’, a women’s magazine.
Working at the accessories department of the magazine, Spade realized the need for stylish handbags.
Kate Spade was born Katherine Noel Brosnahan on December 24, 1962, in Kansas City, Missouri. In 1985, after earning a degree in journalism, she went to work for Mademoiselle magazine in New York City.
She would spend five years at Mademoiselle, eventually becoming a senior fashion editor and head of accessories, before leaving in 1991 to put her creative energy toward designing her own line.
Kate Spade put her knowledge and interest in accessories to work, launching her own brand of handbags in 1993 and opening a small boutique in the SoHo neighborhood of Manhattan soon after.
Her handbags were distinctive for their modern, sleek look, pops of color and utilitarian shapes.
Her husband became her partner, and, over the years, their business expanded internationally.
The company, which went on to carry fashion items beyond her signature bags, grew to include several retail outlets and saw its products featured in such high-end stores like Bloomingdale’s, Saks Fifth Avenue and Neiman Marcus.
In 1996 the Council of Fashion Designers of America honored Spade’s classic designs by giving her the “America’s New Fashion Talent in Accessories” award.
Kate Spade went on to offer products in a range of categories, from eyewear to shoes to paper goods, in more than 450 stores globally.
While they sold the business to the Neiman Marcus Group in 1999 — which was later sold to Fifth & Pacific (formerly Liz Claiborne) in 2006 — the Spades remained active forces within the brand they built.
In 2004, Kate Spade shared her personal style and philosophies in her three books: Manners, Occasions, and Style.
Two years later, Kate and her husband sold the Kate Spade brand so that Kate could devote more time to raising their child.
Around the same time, the couple invested in Plum TV, a small television network that broadcasts in the elite vacation spots: the Hamptons, Nantucket, and Martha’s Vineyard.
In 1983, Spade met her future husband, Andy, while both were students at Arizona State University, and they married in 1994.
Andy is the brother of actor and comedian David Spade. The couple welcomed their child, Frances Beatrix Spade, in February 2005.
On June 5, 2018, law enforcement officials announced that Spade had been found dead by a housekeeper in her Park Avenue apartment in Manhattan from an apparent suicide.
The 55-year-old reportedly hung herself by a scarf tied to a door, leaving behind a note for her daughter. “We are all devastated by today’s tragedy,” the family said in a statement to the New York Daily News.
The following day, her husband revealed that the designer had been battling severe depression for the past six years.
“She was actively seeking help and working closely with her doctors to treat her disease, one that takes far too many lives,” he said. “There was no indication and no warning that she would do this. It was a complete shock.”
Kate Spade Net Worth
Kate Spade was an American fashion designer who had a net worth of $200 million at the time of her death in 2019.