Richard Saghian is the chief executive of privately-owned Fashion Nova, a fast-fashion company and a social media phenomenon that has achieved rapid growth through its work with influencers and its speed at delivering trend-led pieces.
He founded Fashion Nova in 2006 as a chain of stores selling low-price “clubwear” and apparel in Los Angeles-area malls.
Richard Saghian lacks a Wikipedia bio.
Besides, Saghian booked a spot in e-commerce for his company in 2013. To point out, the company ships its products to many places with five outlets in America at present.
Not to mention, Richard’s father had inspired him to develop a retail business. Notably, he is the son of a women’s clothing store owner, where he worked before 2006.
“In the future, the CEO of Fashion Nova says there are plans to ‘continue beyond the current challenges of COVID-19 with additional endeavors and programs that will further help make a positive impact in people’s lives.’” https://t.co/gxfd0OzXEI
— Fan Account | #BLM ? (@BardiUpdatess) April 9, 2020
Fashion Nova counts over 15 million followers across its Instagram accounts.
Around 2,000 influencers — including Cardi B , Kylie Jenner, Khloe Kardashian and Nicki Minaj — create roughly 6,000 pieces of content about the brand each month.
Richard Saghian Net Worth
Richard Saghian has a net worth of around $50 million.
No doubt, his fashion company is the chief source of income for him. At the same time, he earns good fortune as the CEO of the same company.
Saghian owns a lavish home in Hollywood Hills. According to reports on the Internet, the house is worth multiple millions.
“All the knowledge I gained from having brick and mortar stores, I utilized for the website. Being able to listen firsthand to my customers gave me information of what women wanted, what was missing, and what was needed,” Saghian told Paper.
“I realized early on, getting into the minds of my customers is what helped me grow. I don’t think I would’ve been able to do it without all my retail experience from the brick and mortar days to the e-comm days.”
The value of Fashion Nova’s social media exposure is more than that of H&M and Zara combined.
Recently, an armed robbery took place outside Richard’s home. The robbery caused the death of one and the injury of four. The death and injuries were caused by shooting near the house.
After all, Richard has inspired many youths with his entrepreneurial spirit. He worked himself from a ground level to this level.
Saghian believes being an entrepreneur is not only about building a huge net worth. He thinks providing something worthy to society should top the priorities.
Suspects tailed a Bentley containing Fashion Nova CEO Richard Saghian in Cali leaving one person dead.
It”s unclear if they were after the CEO or if they only followed because of the Bentley.
The 3 suspects jumped out when they parked and that’s when the shooting took place. pic.twitter.com/Nz4jli8wpO