Tom Ford Net Worth 2020, Biography, Education, and Career
Tom Ford Net Worth 2020 – Mere utterance of the name Tom Ford brings to mind style, flamboyance, and class! One of the most prominent fashion designers of the 21st century.
He is the mastermind behind turning the fate of Gucci, from being a mere dilapidated accessories brand into one of the most desirable luxury brands around the world.
Thomas Carlyle ‘Tom’ Ford’ was born to realtors, Shirley Burton, and Tom Ford, in Austin, Texas. He spent his early life in Houston, San Marcos, and Santa Fe.
Tom Ford is gay with his partner, Richard Buckley, who is a journalist. They have been together since 1986 but only three years after being together, Buckley was diagnosed with cancer.
After his partner recovered, they moved to Italy and had a son called, Alexander John Buckley Ford, who was born on September 2012.
He studied at St. Michael’s High School and at Santa Fe Preparatory School, from where he graduated in 1979. He enrolled at Bard College at Simon’s Rock and then moved to the Big Apple to study art history at New York University (NYU).
He began to focus on acting for television commercials and dropped out of NYU after only one year. He then began studying architecture at Parsons The New School for Design.
In his final year as an architecture student, he spent a year in Paris, wherein he interned at Chloe’s press office. He spent the remaining part of his final year studying fashion, but nonetheless, graduated with a degree in architecture in 1986.
After graduating with a degree in architecture, Ford found himself being drawn to fashion instead. Thus, he hid his degree certificate and channeled his inner fashion genius.
He managed to convince American designer Cathy Hardwick to hire him after which he worked with her as a design assistant for two years. He moved on to clothing brand, Perry Ellis, with whom he also worked for two years.
In the bid to explore his horizon, Ford decided to venture into the world of European fashion which he described as “classier”. He was appointed as the chief women’s ready-to-wear designer at the struggling European brand, Gucci and he relocated to Milan in 1990 to make a groundbreaking change in the future of the company.
After taking over as Gucci’s design director, it took him a few months to expanded the menswear and other apparel sections in the company. He got promoted to the position of creative director in 1994 with credits for a revamped fashion style which includes hipsters, satin shirts and metallic boots in the brand.
Notably, his fashion sense and style were mostly inspired by the disco-era in his younger days as a student.
Fast forward to 1999, Gucci, the once dying brand was able to amass a value of almost $4.3 billion, all thanks to the creative genius that is Ford. Gucci also bought over the fashion house of Yves Saint Laurent (YSL) and Ford was made the head creative director of the brand.
He continued to work his magic and kept the brands in the limelight.
By the time Ford left Gucci in 2004, the group was valued at $10 billion. Upon leaving the company, Ford launched a new line of beauty, eyewear, accessories, and menswear, which he named ‘Tom Ford’ label.
The world-class designer also tried his hands at movies and announced the opening of his film production company, Fade To Black in 2005. He made his directorial debut with the film, A Single Man in the year 2009 which went on to win an award in the same year.
He opened his first, ‘Tom Ford’ store, on April 12, 2007, in New York City. Subsequently, similar stores have been opened in London, Tokyo, Milan, and Los Angeles.
Ford is a true trendsetter in the world of fashion and his mother and grandmother were credited as his two early role models in fashion. His prowess has not been without recognition.
He has received several awards including the International Award by the Council of Fashion Designers of America in 1995; the VHI/Vogue Awards for Best International Designer in 2000;
In 2001, he was elected by the Council of Fashion Designers of America elected for Best Womenswear Designer of the Year; His film A Single Man won the Queer Lion at the Venice Film Festival in 2009 and in 2013, the list of 50 best-dressed over the 50s by the Guardian featured him.
As of January 2020, The estimated net worth of the fashion designer, movie director, producer, and writer Tom Ford is reaching up to $550 million.