Richard Sagian is an American businessman, founder and CEO of Fashion Nova. As of 2021, Richard Sagian's net worth is estimated to be over $60 million.
| Full Name | Richard Saghian |
| Date of Birth | January 31, 1982 |
| Age | 39 years old |
| Born Place | California, United States |
| Relationship Status | Single (probably) |
| Net Worth | Over $60 million |
| Height | 5 feet 9 inches or 175 cm tall |
Early Life
Richard Sagian was born on January 31, 1982 in California, United States. His interest in the fashion industry came from his father, who owned women’s clothing stores when he was young. Richard and all of his family members worked in stores.
Richard Sagyan Net Worth and Career
In 2006 he founded the fashion company Fashion Nova. The slogan at the time was to sell “club wear” and inexpensive clothing in Los Angeles-area malls. Seven years later, she launched an e-commerce site and used the Instagram platform as a source to promote her brands and products.
By using social networking sites to promote their brands, the company’s visibility has increased significantly. The company’s Instagram page now has 20.2 million followers, more social media followers than H&M and Zara combined.
Fashion Nova’s success is also due to various influencers promoting their brands. More than 2,000 influencers have already promoted their brands on their social media pages. Some of the famous celebrities who endorse Fashion Nova products include Cardi B, Kylie Jenner, Khole Kardashian, and Nicki Minaj.
Today, Fashion Nova is one of the most successful fashion companies in the world. It works with around 1,000 different manufacturers and releases around 600,900 new styles per week. The company’s products are manufactured primarily in Los Angeles, but they also work with a number of suppliers in China.
In 2018, Fashion Nova overtook brands like Gucci, Louis Vuitton and Chanel as the most searched fashion brand on the internet. The company has seen a staggering 600% growth this year.
Fashion Nova also had a deal with rapper Tekashi69 where he put the company’s name on one of his songs. However, the lyrics were removed following a dispute between Nicki Minaj and Cardi B, the company’s brand ambassador.
Personal Life
Very little is known about Richard’s personal life, as it is private. We have no information about his relationship and personal life.
Recently, on June 25, 2021, several shots were exchanged near his home. LAPD says the shooting took place around 2 a.m. outside Richard’s home during an attempted street robbery. Four people were injured, including a suspect, and another suspect was killed. Fortunately, Richard was home, he was not assaulted or injured.
Richard Sagian net worth
As of 2021, Richard Sagian’s personal fortune is estimated to be around $60 million. Most of the money comes from his successful run at Fashion Nova. In 2018, Richard bought a house in the Hollywood Hills for $17.5 million. The house was previously owned by the late DJ Aviccii and was 7,000 square feet, 6 bed, 7 bath.
