virgil abloh net worth

When he passed away in November of 2021, American fashion designer, artist, and DJ Virgil Abloh left behind a fortune of $100 million. Virgil was a pioneer in the fashion industry, having established the high-end streetwear label Off-White.

In 2018, he was promoted to the position of artistic director at Louis Vuitton. Formerly, he worked as a creative director for Kanye West. Abloh made history as the first African-American to lead a French haute couture house as creative director.

He was chosen by Time as one of the world’s 100 most important people in 2018. In 2019, Abloh joined The Council of Fashion Designers of America’s board of directors.

He sold LVMH a controlling interest in his label, Off-White, in July of 2021.

Sad to say, Virgil, lost his courageous fight against cancer on November 28th, 2021.

Personal Information

BORNSeptember 30, 1980
Rockford, Illinois, U.S.
DIEDNovember 28, 2021 (aged 41)
Chicago, Illinois, U.S.
EDUCATIONUniversity of Wisconsin–Madison (BS), Illinois Institute of Technology (March)
OCCUPATIONDesigner, Entrepreneur, disc jockey
YEARS ACTIVE2009–2021
TITLEFounder and CEO of Off-White, Artistic Director of menswear at Louis Vuitton, Creative Director of Donda
SPOUSE(S)Shannon Sundberg ​(m. 2009)​
CHILDREN2

Early Life

Virgil Abloh was born to parents who were themselves, immigrants, on September 30, 1980. His dad was a paint industry manager, while his mom was a stay-at-home mom who taught him how to sew.

He graduated from Boylan Catholic High School, then earned a BA and MA from the University of Wisconsin and the Illinois Institute of Technology, respectively, in the fields of architecture and engineering. While he was in school, he worked as a fashion-focused freelance writer.

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Virgil Abloh Kanye West

virgil abloh net worth

When Virgil Abloh finished his studies at IIT, he was offered an internship at the Rome headquarters of the fashion house Fendi. Hip-hop artist and businessman Kanye West was one of his fellow interns at Fendi. After hitting it off, the two began working together on designs.

Virgil Abloh and his business partner opened an outlet in Chicago in 2010 under the name RSVP Gallery. In the same year, Kanye engaged Virgil to lead the creative direction of Kanye’s firm, DONDA.

Kanye enlisted Virgil’s services as artistic director for the “Watch the Throne” album he made with Jay-Z in 2011.

Off-White

virgil abloh net worth

In 2013, Virgil Abloh launched the Milan-based fashion house Off-White. The company debuted its line of women’s clothing in 2014, and it debuted at Paris Fashion Week that same year.

The company’s signature look quickly became recognizable because of its use of exclamation points, uppercase letters, zip ties, and barricade tape.

The Off-White x Nike “The Ten” sneaker dropped in 2017. Virgil Abloh has collaborated with Ikea on a line of furniture and tote bags.

In 2018, Virgil Abloh debuted his collection of luggage with Rimowa.

Louis Vuitton

Louis Vuitton’s men’s ready-to-wear collection welcomed Virgil Abloh as its new artistic director in March 2018.

LVMH revealed its 60% ownership of Off-White in July 2021 for an unknown sum. When they were acquired, Off-White had 56 stores in 40 different countries.

Wife and Children

virgil abloh net worth

Shannon Abloh was Virgil’s high school girlfriend and later his wife. That was in 2009 when they finally tied the knot. He is a married man with two offspring.

For black students interested in a career in fashion design, he established the Virgil Abloh Post-Modern Scholarship. He was given a terminal cancer prognosis in 2019, and he passed away on November 28th, 2021.

He kept a heavy online presence, and the news of his passing was shared with his worldwide fan base via his official Instagram account.

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What Was Virgil Abloh’s Net Worth?

By the time of his death in November 2021, Virgil Abloh was worth $100 million, according to CelebrityNetWorth.

The website claims that Abloh made $10 million a year while working at LVMH. As of the 2018 season, he is in charge of the creative direction of the Louis Vuitton menswear lines. He was only the third African-American to hold a senior position at the prestigious French fashion house.

The Illinois-born designer also served as the company’s creative director and conceptualized Off White, his line of high-end streetwear.

By 2017, he had worked with Warby Parker, Jacob the Jeweler, and Jimmy Choo, among other notable brands, and won several awards in the fashion industry. His collaboration with Nike, in which Abloh reimagined ten classic Nike designs, was the most talked-about aspect of his career.

In 2019, he will serve on the Council of Fashion Designers of America’s board of directors, for which he was nominated.

It has been reported by CNN that Abloh has worked with Mercedes Benz. He collaborated with Gorden Wagener, the company’s main designer, to reimagine the G-Wagon. The goal of this endeavor was to transform an existing off-road vehicle into a racing machine.

Virgil has worked on a wide variety of projects. He has also done work for the Swedish furniture and homewares giant IKEA. Perhaps not as widely known is the fact that in 2018 he was chosen as Evian’s creative advisor for sustainable innovation design.

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Wealth Dependency

As a successful fashion designer, Virgil Abloh has amassed the bulk of his fortune. Up until his death in 2021, he was making almost $5,000,000 monthly.

A significant portion of his income was attributable to his fashion label. At one point, Off-annual white’s revenue surpassed that of Gucci’s by several billion dollars.

Virgil also received a number of honors and accolades throughout his life. The money he’s made through endorsement deals is sufficient.

Income Sources

It’s safe to say that Virgil Abloh wasn’t dependent on any one source of cash flow. In addition to his own band, he endorsed other musicians. He was also quite successful with his own fashion label, Off-White.

In addition, he has done work for Louis Vuitton and collaborated with a wide range of fashion houses and performers, including Kanye West, with whom he worked on an album alongside Jay Z.

Since he enjoys music so much, he has also worked as a disc jockey. In addition to writing, he also dabbled in the arts, with works of his being seen in galleries and museums.

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