Karl Lagerfeld Net Worth: How Rich Was The Fashion Legend At The Time Of His Death?

Karl Lagerfeld was one of the most popular names in the world of fashion. The German fashion designer worked with several big brands as well as art-related projects in his long and successful career. He was also the creative director of the luxury brand Chanel and the Italian fashion house Fendi.

The influential fashion icon passed away in 2019 at the age of 85. It’s worth noting how rich Lagerfeld was when he died since he amassed a lot of wealth in his lifetime. So let us take a closer look at some of the important aspects of Lagerfeld, including his total net worth.

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Karl Lagerfeld Net Worth

The total net worth of Karl Lagerfeld at the time of his death is estimated to be around $300 million, according to Celebrity Net Worth. He was one of the most influential names in the fashion world. He joined Fendi in 1965 and Chanel in 1983 and served as their creative director until his death in 2019. His annual earning is estimated to be $50 million.

Karl Lagerfeld’s Early Life And Career

Born on September 10, 1933, in Hamburg, Germany, Karl’s mother was Elisabeth. His father, Otto Lagerfeld, owned Lagerfeld & Co. which imported evaporated milk across the globe. Lagerfeld’s mother was a former lingerie model in Germany. Throughout his life, Karl often lied about his parents and his actual date of birth.

At the age of 14, he moved to Paris and later won an International Wool Secretariat design competition. Pierre Balmain hired him as a junior assistant. Later, he worked with Jean Patou and eventually designed for brands like Chloé and Valentino. Karl worked as a creative director for Chanel and Fendi and is known for repopularizing the former. In 2006, he announced a new line named K Karl Lagerfeld under which he sold jeans for men and women.

Karl Lagerfeld’s Personal Life

For 18 years, Karl was in a relationship with a French aristocrat, socialite, and model Jacques de Bascher. But he claims that they were never physically intimate with each other. He also owned a Birman pet cat named Choupette. In 2013, he stated his intentions to marry his cat if it was legal. At the 2023 Met Gala, Doja Cat and Jared Leto paid tribute to Choupette with their outfits.

Karl Lagerfeld’s Houses

Throughout his life, the fashion icon owned and lived in several properties. In the 1970s, he bought an Art Deco-styled apartment in rue de l’Université in Paris, another apartment in Monte Carlo that was designed in Memphis style, and several other estates. In 2007, Karl bought an 1820s house in Paris that was decored in Quai Voltaire.

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