The eponymous founder of the French luxury shoe brand Christian Louboutin and well-known designer Christian Louboutin has become a billionaire.
The latest report from Forbes pointed out that Christian Louboutin's net worth has grown to $1.2 billion, most of which comes from his personal brand, and the rest comes from his personal investments, such as the luxury resort Vermelho Hotel opened in the south of Portugal in 2023, etc.
Christian Louboutin also owns multiple properties around the world, such as:
A spacious apartment near the Opéra Garnier in Paris
A house with a sailboat in Luxor, Egypt
Apartments in Los Angeles, USA, and Rio de Janeiro, Brazil
A house in Aleppo, Syria, which was built in the 17th century
In Melides, Portugal, there is an estate covering 350 acres, close to his luxury resort
…
In addition, he has also made other investments with business partner Bruno Chambelland, such as: a villa with 7 bedrooms in Lisbon, a castle built in the 13th century in the French countryside: Château de Champgillon (it is said that he has collected 8,000 pairs of shoes there), etc.
Last year, the holding company Exor Group of the Italian centennial magnate Agnelli (the Agnelli family) valued the Christian Louboutin brand to increase to $3.2 billion, and Christian Louboutin himself still holds 35% of the brand's equity.
In 2021, Exor Group acquired 24% of the shares of Christian Louboutin for EUR 541 million (at the then exchange rate, about $650 million), with an overall valuation of EUR 2.25 billion for the latter. Since then, the value of the brand has increased by about 30%.
Christian Louboutin was born in Paris, France in 1963 and started drawing shoe sketches from his childhood. In 1993, two years after founding his eponymous brand, he picked up the assistant's red nail polish and applied it to the sole, giving birth to the brand's iconic "red sole", which also made Christian Louboutin become renowned worldwide.
After more than 40 years of development, the brand has more than 160 specialty stores in 32 countries on four continents around the world, including 35 in the United States, 23 in Japan, and 20 in China. The products have also been expanded to categories such as sports shoes, bags, men's shoes, children's shoes, and it has also launched beauty and fragrance, glasses and other products through licensed partnerships with Spanish beauty giant Puig and European eyewear giant EssilorLuxottica.
+ There are no comments
Add yours