Alexander Wang's Net Worth: The Designer Earns More Than You Think
Fashion designer Alexander Wang has been in the news recently after new allegations of sexual misconduct surfaced, leaving many to wonder how much the clothing icon has at stake. More than a dozen people have accused Wang, 37, of sexual assault during various events and at nightclubs, according to Newsweek. The American designer has strongly denied the allegations against him.
According to Celebrity Net Worth, Wang has a net worth of $50 million, much of which comes from his clothing lines that are offered at more than 700 stores including Neiman Marcus, Barney's New York, Bloomingdale's, Bergdorf Goodman, and Saks Fifth Avenue. He also owns real estate in New York. His designs got a huge boost in 2015 when Kanye West and Kim Kardashian wore Wang's designs, according to the International Business Times, and later received celebrity nods from Lady Gaga, Lil' Yachty, and R. Kelly. Wang has also collaborated with Beats and designed special collections for H&M and Adidas.
Alexander Wang became beloved by high-profile celebrities
For those who enjoy internet window shopping, Alexander Wang labels may be perfect garments to gawk at. Retailers such as Net-a-Porter lists the cost of the designer's T-shirts at $225 while a pair of denim jeans is a whopping $450.
Aside from the Kardashian family, many celebrities have been seen wearing Wang's clothing. When the designer was creative director of Balenciaga, a French clothing label, his fashions often appeared on the red carpet for many Hollywood events, including the prestigious Academy Awards. Carey Mulligan, Naomi Watts, Zoe Kravitz, and Lady Gaga have all donned the trademarked pieces at public affairs, per The Hollywood Reporter. Other celebrities who've been seen wearing the designer's items include Gisele Bundchen, Rihanna, and Miley Cyrus, according to Harpers Bazaar.
Despite the many celebrity friendships and co-signs, very few have released statements in response to the recent sexual assault allegations.