Marc jacobs net worth

Marc Jacobs is a fashion designer known for his clothing and accessory brand, 'Marc Jacobs', as well as the diffusion line 'Marc by Marc Jacobs'. He served as the creative director of the French fashion house, 'Louis Vuitton', from to Jacobs was named one of the ' most influential people in the world' by Time magazine in , and ranked 14th in the list of '50 most influential gays and lesbians in America' by Out magazine in His father worked at William Morris Agency and passed away when Jacobs was seven years old.

According to Jacobs, his mother, who was married three times, "didn't care about her children" and was "mentally ill". As a teenager, Jacobs moved to live with his paternal grandmother in the Majestic, a residential skyscraper on the Upper West Side.

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At the age of 15, Jacobs worked as a stock boy at the now-defunct New York boutique, 'Charivari', which sold avant-garde clothing. While still a student at Parsons, he created and sold his first collection of hand-knit sweaters. He also released a line for the company 'Reuben Thomas', and his clothing was sold under the label 'Sketchbook'.

In , Jacobs presented his first collection under the label 'Marc Jacobs'. The second line of products, the diffusion line 'Marc by Marc Jacobs', was launched in the fall of In the mids, Jacobs introduced affordable body fragrances in large ml bottles, distributed by 'Coty'.

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In February , Jacobs was accused of plagiarizing the design of a scarf created in the s by Swedish designer Gosta Olofsson. Jacobs quickly resolved the issue by offering monetary compensation to Olofsson's son. In May , Jacobs, an openly gay man, launched a line of t-shirts in support of the legalization of same-sex marriage. In February , Jacobs was appointed as the new creative director of the brand 'Diet Coke'.

He was responsible for creating a "stylish and fun" new look for the brand to celebrate its 30th anniversary.