Richard Saghian Net Worth: Bio, Career, Philanthropy, & More

Richard Saghian is a celebrated American entrepreneur and the acclaimed CEO of privately held Fashion Nova. He created this company in 2016 and continues to lead his team with distinction. Based in Los Angeles, California, Fashion Nova boasts an impressive portfolio as one of America’s most famous fashion retailers. In 2024, Richard’s estimated net worth was pegged at $1.4 billion.

Richard Saghian Net Worth

By 2024, Richard Saghian has a fortune of $1.4 billion. Richard Saghian is a renowned business mogul, credited as the founder and CEO of Fashion Nova – an internationally acclaimed enterprise that was established in 2006.

Richard Saghian Assets

Real Estate Properties: As first reported by the Los Angeles Times, Nile Niami’s Bel Air megamansion was purchased for a whopping $126 million by Richard Saghian. This figure beat out four other billionaires in the race and ultimately resulted in an agreement to pay approximately $141 million in total which included a buyer premium of 12%.

Car Collection: Richard Saghian is a major car lover. He has some of the most luxurious cars of all time. Let’s have a look at them.

• Bugatti Chiron
• Lamborghini Huracan
• Rolls Royce Cullinan
• Lexus ES
• Land Rover Defender

About Richard Saghian

On January 31, 1982, in California, USA, the entrepreneur Richard Saghian was born. With white ethnicity and a Taurus birth sign, he grew up with siblings before attending high school in his hometown. Eventually graduating from university with honors, Richard’s hard work and dedication have helped him become the successful businessperson he is today.

Ever since he was a child, Richard aspired to work in the world of fashion. So, when given the opportunity to become an assistant at a women’s clothing store, he jumped on it. He took every chance available to him while there and immersed himself in learning all about current trends and styles. It helped him gain invaluable insight into local market demands within the industry.

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Richard Saghian Wiki

Personal Life of Richard Saghian

Richard Saghian is in a relationship, yet he chooses to keep the details of his private life under wraps. He has never publicly revealed any information about his relationships and prefers to leave them off the internet.

Richard Saghian Career

Intrigued by his father’s retail business, Richard took an avid interest in fashion during his college years. He began to learn the ins and outs of starting a successful retail endeavor as well as the trials that come with it.

In 2006, Richard Saghian made his debut with his first international fashion brand, Fashion Nova. From the very start of this journey, he had ambitious ambitions and opened up many stores selling low-priced clothing items across different locations. In 2013, to expand further and take advantage of the digital world, he launched an e-commerce website that enabled him to securely sell online products hassle-free.

When his online venture failed to gain momentum, he sought a new avenue by selling products on Instagram and marketing an e-commerce brand. One single post on his social media could generate millions of dollars in profits for Fashion Nova.

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Fashion Nova Philanthropy

In 2020, Fashion Nova pledged to donate $1 million to a variety of justice organizations such as Black Lives Matter, Know Your Rights Camp, and the NAACP Legal Defence and Education Fund—an inspiring commitment that will undoubtedly make a lasting impact.

In early 2020, Fashion Nova Cares was unveiled, an initiative centred around raising awareness of social issues. Seizing the moment in March 2020, they collaborated with Cardi B to donate $1 million over 40 days ($1000 per hour) towards alleviating COVID-19 victims’ distress

Megan Thee Stallion and Fashion Nova collaborated once again in 2021 to launch the Women on Top charity program, which encourages women’s empowerment through providing scholarships, awards, and donations.

During Women’s History Month, Fashion Nova Cares led the way by donating at least $25,000 each day to female business owners, students, and women-focused non-profit organizations. As a prominent figure in the fashion industry, it also launched its own swimwear company, which has gained much recognition since its launch.

Richard Saghian Social Media

Richard Saghian is a celebrity star with an impressive 125K Instagram followers, and he loves to connect with his fanbase on social media. Constantly posting photos and videos of his adventures on Twitter, Instagram, and Facebook allows Richard to remain engaged with this audience.