Kate Spade is one of the most popular American fashion designers. At the same time, she became one of the biggest fashion moguls in the country with her line of designer handbags. “Kate Spade New York” as a label is targeting women of all ages, and it consists of accessories, handbags, and apparel. In recent years he cemented herself as one of the best in the business. Let us give you an insight into her biography and her net worth.
She was born as a Katherine Noel Brosnahan at the twenty-fourth of December 1962, in Kansas City. Her mother was a housewife, and her father was the owner of a construction company. Kate started her education at Saint Teresa`s Academy, and after finishing it, she started going to the University of Kansas, later she transferred into Arizona State University where she was studying for a journalist.
Kate admits that her love for fashion wasn`t there from her young age. Instead, it grows during her college days. Her first job was at a local bar. During college, she met her future husband Andy Spade, and they started dating. Ultimately, they married in 1994. They have one daughter named Francis Beatrix Spade. Kate is living in NY, with her family.
She moved to NY in 1985, after she finished college. Pretty soon, she started working in a Mademoiselle magazine, and after some years, she became the head of the Accessories department. A few years back, she stated that this was very hard for her, because her job was very monotonous and that she is not that kind of person. After some years at that position, she decided to make her own ideas and dreams true.
Both Kate and her husband decided to invest in designer handbags. They decided to use the style that would be sophisticated and chic at the same time, modern and classic. In 1992, she left her position as Mademoiselle and started working on her own business. The line that she released in 1993 was a huge hit, and provide her with a huge profit. That same year, she opened her first boutique in NY.
Four years later, she opened twenty-nine stores in Japan. That was the first out-of-America store for this brand. A few years later, she decided to sell 56% of her company, but the condition is that she needs to remain as chief of the creative team. In 2002, she wrote three books about style and fashion.
Some years later, she created a new brand called “Kate Spade at Home” which consisted of home goods. Pretty, soon she decided to sell her share her part in this brand, and together with Andy Spade she started “Frances Valentine”. It is pretty similar to her previous ones, with apparel and handbags for women. Today, she has around 140 boutiques in the United States, and 175 stores outside the USA.
We can surely say that Kate Spade is a very competent woman. She built a billion-dollar business from scratch. The brand continues to grow to this day. Her net worth is estimated at $250 million. She was driven by her passions and dreams, and she ultimately made them true. Now, her name is one of the most important in the industry.