How Much Was American Designer Kate Spade's Net Worth At The Time Of Her Death?
Noel Valentine Brosnahan aka Kate Spade was one of the famous American fashion designer and businesswoman. She, however, was popular for her relationship with American entrepreneur Andy Spade.
Being a famed fashion designer and businesswoman, Kate Spade might have earned a high figure of net worth. So, how much was her net worth during her last days? What about her lifestyle? Scroll down to know it.
Kate Spade’s Net Worth In Her Last Days
Kate Spade, who started a professional career in 1986, was active for over two decades. She was one of the famous and wealthiest fashion designers during her days. She was also active in multiple professions for over four decades.
While talking about Kate Spade’s net worth in her last days, her net worth was reported to be around $150 million. She might have collected such a high figure of worth from her fashion designing and business career. Her handbags designs were another source of income.
Kate had her own brand, which began as a collection of handbags which morphed into an international business that valued at $2.4 billion. In 1993, Andy decided to launch her own handbag line with her then-partner Andy Spade using the only $35 thousand he had in his savings account.
Her business took off really quick, and by 1995, Kate Spade & Co. worthed around $1.5 million and had own stand-alone store in New York City.
By 1999, they also launched the men’s line, Jack Spade. Neiman Marcus Group purchased around 56% of the brand for the worth $33.6 million.
With such a high worth, Kate definitely had lived a lavish lifestyle living in an extravagant mansion and driving expensive cars.
Kate Spade’s House On List for Sale
Back in June 2019, Kate Spade’s mansion was kept on sale by a Manhattan co-op for around $6.35 million. The house lies in the Lenox Hill neighborhood that spreads up to 3,000 square feet with three bedrooms.
The house has octagonal foyer opening to a large living room, fireplace, a dining room, corner library, outdoor half basketball court, and fitness center.
Kate and Andy bought the house back in 1999, the year they sold a controlling stake to Neiman Marcus.