Mike Jeffries Net Worth
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3 min read
Net Worth, Salary, Birthdate, Birthplace, Gender, Height, Profession, Nationality
| Category | Details |
|---|---|
| Net Worth | $300 million |
| Salary | Earned $400 million between 2004 and 2014 |
| Birthdate | July 15, 1944 |
| Birthplace | Oklahoma, USA |
| Gender | Male |
| Height | Not available |
| Profession | American businessman |
| Nationality | American |
What is Mike Jeffries’s Net Worth?
Mike Jeffries has a net worth of $300 million. He earned the majority of his wealth during his tenure as the CEO of Abercrombie & Fitch from 1992 to 2014. Despite facing both success and controversy throughout his career, Jeffries accumulated substantial wealth through his salary, bonuses, and equity compensation.
Highlights
– Mike Jeffries has a net worth of $300 million.
– He served as the CEO of Abercrombie & Fitch from 1992 to 2014.
– Jeffries helped the brand rise from bankruptcy to become one of the most valuable retailers.
– He earned $400 million in salary, bonuses, and equity compensation between 2004 and 2014.
– Jeffries faced allegations of sexual abuse and sex trafficking during his time as CEO.
Early Life
Mike Jeffries was born on July 15, 1944, in Oklahoma. He was raised in Los Angeles, where his father owned a chain of retail stores called Party Time. Jeffries graduated from Claremont McKenna College with a degree in Economics in 1966. He later attended Columbia Business School, where he earned an MBA in 1968. Jeffries also studied at the London School of Economics.
After completing his education, Jeffries worked for various retailers, including Abraham & Strauss and Paul Harris.
Career
In 1988, Abercrombie & Fitch was purchased out of bankruptcy by Leslie Wexner’s Limited Brands. Jeffries was brought on board and became the CEO of Abercrombie & Fitch in 1992. During his tenure, Jeffries completely rebranded the company, making it immensely popular among teenagers worldwide.
Abercrombie & Fitch’s success was attributed to its refreshed and sexier brand image. The company’s strategy included exclusively hiring attractive employees. However, the brand’s popularity declined after the 2008 financial crisis, and Jeffries faced criticism for his management decisions.
Jeffries stepped down as CEO on December 9, 2014, after a series of poor financial performance.
Personal Life
In 1971, Mike Jeffries married Susan Marie Isabel Hansen, and they had one child together. In September 2013, reports emerged that Jeffries married a woman named Annabel Vartanian. However, these reports remain unconfirmed. Around the same time, Jeffries was reportedly living with a male partner named Matthew Smith. Currently, Jeffries and Smith run the Jeffries Family Office together.
Net Worth Over Time
Mike Jeffries’s net worth has fluctuated throughout his career. He earned the majority of his wealth between 2004 and 2014, with an estimated $400 million in salary, bonuses, and equity compensation during that period. The exact breakdown of his net worth over time is not available, but it is estimated that his 3% stake in Abercrombie & Fitch was worth around $110 million at the company’s peak.
Components of Net Worth
Mike Jeffries’s net worth primarily consists of earnings from his role as the CEO of Abercrombie & Fitch. He earned significant amounts through salary, bonuses, and equity compensation. Additionally, if he still owns his 3% stake in Abercrombie & Fitch, it would contribute to his overall net worth. Other assets or investments outside of Abercrombie & Fitch are not mentioned in the available information.
(Note: This article is based on the provided content and may not reflect the most up-to-date information on Mike Jeffries’s net worth.)
