Richard Saghian
$2.15B
as of 04/27/25
About Richard Saghian
Richard Saghian is the founder and CEO of fast fashion company Fashion Nova, which generates some $2 billion in annual sales.
The son of Iranian immigrants, Saghian started the company in 2006 after dropping out of college.
He offered hundreds of new clothing styles a week, promoted on Instagram by influencers and celebrities like Cardi B.
In 2018, Fashion Nova was the most Googled fashion brand, beating out the likes of Louis Vuitton, Versace and Gucci.
Saghian owns several properties in Los Angeles, including a sprawling hilltop estate in Bel Air that he purchased for $141 million.
Personal stats
Citizenship
United States of AmericaSource of wealth
Fast fashionResidence
Los Angeles, CaliforniaMarital status
SingleBirth date
08/06/81 (age 43)Education
Drop Out, California State University NorthridgeSelf-made
self-madeRichard Saghian’s fortune is worth
36K
troy ounces of gold
33K
median U.S. household
21K
median U.S. income
0.043%
U.S. credit card volume
0.009%
GDP of the United States
0.006%
United States debt
Net worth history
Annual ranking
Did you know?
In 2022, Fashion Nova agreed to pay $4.2 million to settle allegations by the FTC that it suppressed negative reviews online. Fashion Nova denies the allegations.
Net worth over time
Real-time ranking
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