Stacey Bendet is an American fashion designer and businesswoman who has been in the business world for over two decades. She comes from a family that has mastered the art of business. For instance, her father was in lace manufacturing as he imported textile products to various countries, creating a fortune for himself and his family. In this article, we will look into Stacey Bendet’s financial worth and how she amassed her fortune.
Background
Stacey Bendet was born in 1978 in New York to Joseph Weiner and Olivia. She has a normal childhood, just like any child. However, she started having an interest in fashion and clothing and was considering pursuing a career in fashion once grown.
Stacey attended Horace Greeley School, after which, she proceeded to the University of Pennsylvania for her undergraduate degree in international relations and French.
Career
After completing her college education, Stacey ventured into the fashion industry, styling various brands until she founded her own fashion brand in 2002. The fashion brand known as Alice + Olivia mainly focused on pants, but it has since grown to include ready-to-wear, cashmere, and other accessories.
Stacey’s first design included a pair of jeans that were slim at the hip, which created an illusion of a lean silhouette and elongated legs. She marketed the clothing brand herself, and one day, Lisa Kline, a designer, saw her walking by, and she said that she wished to order 20 pairs of pants.
Following her encounter with Lisa Kline, Stacey decided to start a collection based on the concept. Over twenty years down the line, Alice + Olivia has grown tremendously to become one of the top fashion and clothing brands in the United States. It has retail shops in various parts of the world and has grossed millions of sales.
In 2018, Stacey and her clothing brand hit the headlines when they were the subject of a lawsuit where they accused Betsy Johnson of trademark infringement. The company had used Bendet’s signature face on its bags. This cause had an impact on the company’s financial standing. Though having incurred attorney fee charges, the lawsuit created some publicity, increasing the company’s customer base.
How Much is Stacey Bendet Worth?
Stacey Bendet has created most of her fortune through her fashion and clothing brand. However, she has created some of her wealth through various endorsement and advertisement deals. Some sources indicate that the fashion icon has a fortune of 5 million dollars. However, this might not be the exact figure as Stacey has not come out to endorse this figure.
Other Ventures
Besides her clothing brand, Stacey Bendet has ventured into other ventures. For instance, in 2020, she founded a networking platform called Creatively. She was mainly targeting the creative industry, and it has helped her make some money from it.
Conclusion
In conclusion, Stacey Bendet has grown from a fashion admirer to a fashion icon, and it is through her determination and resilience that she has managed to grow her fortune. Her current net worth is a statement of her drive and determination, and hopefully, her success will keep soaring to greater heights.