Tory Burch is an American fashion designer. She ranked 88th on the list of the most powerful women in the world published by Forbes magazine in 2020. Forbes magazine estimated that she was a billionaire with a net worth of $1.0 billion in 2013. She is worth approximately $850 million.
Her success story shows that women in the fashion industry can achieve such titles too. She is currently the executive chairman and chief creative officer of her own brand.
On the seventeenth of June 1966, Tory Burch was born in Valley Forge, Pennsylvania, U.S.A. She graduated from the University of Pennsylvania in 1988.
After her graduation, she moved to NYC, where she started working below Zoran and then became an author at Harper’s Bazaar. In fact, she worked as a PR agent for Vera Wang and Polo Ralph Lauren.
In 2004, Tory Burch started her very own label as a partner, along with her then-husband Christopher Burch (1996–2008). The fashion empress Tory Burch packaged her signature boho-prep style and distributed it to hundreds in much less than 10 years. Her employer has been on the right track, making her one of the youngest female self-made billionaires.
Burch set up the Tory Burch Foundation in 2009. This organization offers an entrepreneurial education program. Also, this program is in collaboration with Goldman Sachs and Babson College.
The program facilitates lady marketers through mentoring and the simultaneous construction of networks.
During the pandemic, her employer gave front-line healthcare workers $5 million worth of clothes and 3,000 yards of fabric to make face masks and hospital gowns.
Besides her foundation, Tory Burch has been a board member of famed organizations. Like the Council of Fashion Designers of America, the Breast Cancer Research Foundation, and many more.
Lesson to learn:
Tory Burch didn’t go to business school or a design school, but she managed to reach the top. She didn’t even have a grand five-year plan before starting her business. When she started her business, she was a full-time mom, but that didn’t stop her.
Beyond all odds, she is the boss of more than 2,500 employees. Like Tory Burch once said, If it doesn’t scare you, you’re probably not dreaming big enough.”
Courtesy: Failure Before Success