What is Mike Jeffries’ Net Worth?
If you’re curious about Mike Jeffries’ net worth, you’ve come to the right place. He founded Abercrombie & Fitch and is a professor at the University of California, Los Angeles. In his personal life, he’s married to Susan Marie Isabel Hansen.
Michael Stanton Jeffries was born in Oklahoma
In the 1980s, Jeffries founded Alcott & Andrews, a clothing line aimed at career women. Unfortunately, the company went bankrupt after expanding too quickly. He later joined Paul Harris, a clothing chain in the Midwest. There, he learned the business from Allen Questrom, who would eventually become Abercrombie & Fitch’s CEO. Jeffries left Abercrombie in 2014 after settling a $40 million discrimination lawsuit with the company.
While in college, Jeffries attended Claremont Men’s College, now known as Claremont McKenna College, and earned a Bachelor of Arts in Economics. He later received an MBA from Columbia Business School. He also studied at the London School of Economics. Jeffries first started a clothing line in 1984 under the name Alcott & Andrews, which specialized in clothes for working women. The company was unsuccessful and Jeffries went into business for himself. After selling Alcott & Andrews, Jeffries began another clothing company, Paul Harris, which specialized in women’s fashion.
He founded Abercrombie & Fitch
Abercrombie & Fitch is a clothing and accessories brand that started out in the 1800s as a store that sold outdoor gear. By the 1990s, the company had diversified into fashion apparel. In the early 2000s, it became popular with teen customers. However, the company faced a series of lawsuits and controversy. This led to a drop in sales, and the company decided to rebrand itself.
Jeffries is a visionary leader who is devoted to fashion and youth. He is currently chairman of the Abercrombie & Fitch Company. He was born into the retail industry, and his father owned a small chain of party supply stores in Los Angeles. He was twelve when he was given the responsibility of choosing merchandise for the toy department. Jeffries studied economics at Claremont McKenna College and later earned an MBA at Columbia University. After graduation, he founded another company, Alcott & Andrews, which was a high-end fashion store.
He was a professor at the University of California, Los Angeles
Michael Jeffreys was a professor at the UCLA School of Public Policy and an expert on environmental policy. Jeffreys has been quoted on C-Span and MacNeil/Lehrer and has testified before Congress on many environmental issues. He is also a frequent speaker on environmental issues and has authored several books.
Jeffreys’s qualifications include: B.A. from James Madison University and M.A. and Ph.D. degrees from the University of California, Los Angeles. He has also served as an adjunct professor at the University of California, Irvine, and the University of South Carolina.
He was married to Susan Marie Isabel Hansen
In 1971, Mike Jeffries married Susan Marie Isabel Hansen, the daughter of music publisher Charles Hansen. The couple was married on April 3 in Miami, Florida. They have a son, Andrew Jeffries. Both are native New Yorkers. The couple met when they were both students at the Carrollton Convent of the Sacred Heart.
Mike and Susan were married for 13 years. Eventually, they divorced and Mike married Annabel Vartanian. They later separated, but they reunited in 2013 and are now dating again.
He is an openly gay businessman
As an openly gay businessman, Mike Jeffries has earned quite a following. In the 1990s, Jeffries reinvigorated the Abercrombie & Fitch brand. In that period, the company’s image of well-muscled frat bros and effortless masculinity was a big selling point. As a result, the company enjoyed a profitable run into the aughts, but has struggled to stay relevant amid the changing tastes of consumers.
After revealing his sexuality, Mike Jeffries began a new relationship. He is dating Matthew Smith, a 68-year-old business partner of Abercrombie & Fitch.
His net worth is estimated to be $300 million
Mike Jeffries is an American businessman who has worked for several different companies, including Abercrombie & Fitch. He was the CEO of the company until its bankruptcy in 2014. He was hired by Limited Brands, the company that bought the company in 1988. Jeffries is credited for helping the company relaunch itself with a fresh look.
Michael Jeffries’ net worth is estimated to be around $300 million, and he has earned it from his role as the former CEO of the retail giant Abercrombie & Fitch. During his tenure as CEO, the company grew from near bankruptcy to one of the world’s largest apparel companies. Unfortunately, the company has fallen back to its former status, but Jeffries’ efforts have helped to keep the company in the public eye.