Looking Back at Kate Spade’s Career in Light of Her Death at Age 55
There’s no doubt about it—the late fashion designer Kate Spade has left her mark on the fashion world.
The designer—who was found dead this week at the age of 55 of an apparent suicide—has a legacy that spans decades and will continue to live on through her bright, quirky brands. Hers was a story of financial success, and her net worth reflects that.
According to the website The Richest, Spade had a net worth of $150 million. Celebrity Net Worth contradicts this number, pinning her net worth at $200 million, but regardless, the numbers make it clear that Spade was a savvy businesswoman who knew her stuff. She co-founded Kate Spade & Co. in 1993 alongside her husband Andy, but interestingly enough, they never originally set out to be fashion designers at all.
“Why don’t you do handbags? You love handbags,” Andy said to Kate in the ‘90s, according to Women’s Wear Daily. “We never thought about starting a company. We just said, ‘Let’s make some bags and see what happens.’”
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While Spade sold the last shares of the company in 2007, she launched a brand-new brand called Frances Valentine in 2016. She spoke about her inspiration for the line last year.
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“Most people know me as Kate Spade, and we started the Kate Spade collection in 1993 and in 2007, we decided to take a break and spend time with my daughter. And just recently, my husband and I and my other partner Elise decided it was time to get back into the business,” she said.
“I think there’s a big difference between what I’m doing and what I did at Kate Spade. Our customer is someone who has a very personal sense of style and is really buying what they like. I think that’s who I’ve always spoken to, and that’s who’s attracted to my designs.”
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