How much is Anna Wintour worth?
|Net Worth:||$50 Million
|Date of Birth:||November 3, 1949|
Already a institution in the fashion world as the editor-in-chief of Vogue, one of the largest fashion publications in the world Anna Wintour become a pop cultural icon in 2006 with the release of “The Devil Wears Prada” starring Meryl Streep and Anne Hathaway.
Who Is Anna Wintour
Dame Anna Wintour is a British-American journalist, artistic director, and editor who rose to prominence in the late 1980s after she began editing for Vogue magazine. Since then, Anna became an editor-in-chief and an artist director for Vogue’s publisher, Conde Nast, since 2013. In addition to her work for this and many other magazines, she also became an international sensation thanks to her fashion and style.
Known for her dark sunglasses and trademark pageboy bob haircut, Wintour became an important figure in the fashion world. She is praised for her eye for fashion trends and is cited as an inspiration by many young designers. In the late 2000s, Wintour even inspired a character in the successful film “The Devil Wears Prada”, portrayed by Meryl Streep. Ironically, the film is based on a best-selling roman a clef is written by Wintour’s former personal assistant – Lauren Weisberger.
Anna Wintour has a net worth of $50 million dollars, as of 2021.
Born in London, England to Charles Wintour, editor of London Evening Standard, and philanthropist Elinor Wintour, Anna had all the advantages of being born into a family of considerable wealth.
Anna Wintour displayed a tendency from an early age to do things in her own fashion. It was this ability that led her to forgoing the last years of her schooling and enjoying the life of a socialite in London during the 1960s. This helped to form Anna’s signature looks such as the bob haircut she sports, the more oversized dark glasses, and high heels. Anna established her core look at age 14 and has changed it little since.
“Growing up in London in the 60’s, you’d have to have had Irving Penn’s sack over your head not to know something extraordinary was happening in fashion” says Anna Wintour.
During her time in London, Anna would fast become a fixture of the club circuit and hangout with many of pop culture’s biggest talents including the Beatles and Rolling Stones.
Anna Wintour is known for her unique editorial style of being aloof and demanding perfection from people who work for her, all of which have earned her the nickname “Nuclear Wintour.” Anna says she was inspired by her father, an award- winning editor of the London Evening Standard, who was known for his tough, stern reputation. Anna’s father would regularly consult her when he wanted to increase readership in the youth market.
Wintour began her career in fashion as an editorial assistant in 1970 at the fashion department of Harper’s & Queen in London. During her time at Harper’s, Anna worked on shoots by famed photographers Helmut Newton and Jim Lee featuring the models in go-go boots.
In 1975, Wintour left the magazine to cross the pond for the bright lights of New York, where she became a fashion editor at Harper’s Bazaar. Ultimately it was her innovative tastes that led her to being fired from the magazine. Anna fondly recalls the time she was introduced to Bob Marley by a journalist friend. Shortly afterwards, Wintour vanished with Bob for a week.
As Wintour left Harper’s she decided to stayed in New York where she landed a job as an editor at Viva, an adult womens publication in 1975. Viva was published by the company that published Penthouse. It was at Viva, Anna got the chance to run an editorial department for the first time. Anna learned to deal with photographers and arrange photo shoots in exotic locations like Japan and the Caribbean.
In 1978 Viva was closed to due low sales and Wintour joined the editorial ranks at Savvy, where Anna became the magazine’s fashion editor. It was at Savvy that Wintour discovered her target audience, career-conscious women who spent their own money.
The following year in 1981, Anna Wintour became fashion editor for the New York magazine. Here Anna finally was able to manifest the fashion spreads she had been envisioning for years. Managing Editor Edward Kosner bent the budget rules for Anna, allowing Wintour to develop a distinct style for the magazine. Anna discovered the powerful sales tool of celebrity covers after her work on a cover with Rachel Ward.
Enter Condé Nast
Anna finally got her shot at Vogue in 1983 when Alex Liberman, publisher and editorial director for Condé Nast offered her the position of the magazine’s first creative director after a bidding war that saw her salary double. The problem of her vaguely defined position and the fact she made changes to Vogue without the editor-in-chief’s knowledge caused friction among the staff, leading Anna to cross the pond back to London.
When Anna arrived back in London, she bcame the new editor-in-chief of the Conde Nast-owned British Vogue. Wintour clearly defined her ideas for the publication in an interview she gave to the London Daily Telegraph. “I want Vogue to be pacy, sharp, and sexy, I’m not interested in the super-rich or infinitely leisured. I want our readers to be energetic, executive women, with money of their own and a wide range of interest.”
With her ideal woman in mind, Anna blew through British Vogue, replacing many of the staff writers and establishing the need for her final approval. It was during this period Wintour earned the name “Nuclear Wintour.” Anna shifted the focus of the publication to a direction that better reflected its relationship to the American version of Vogue.
After fixing British Vogue, the powers-that-be at Condé Nast shifted her over to help the ailing publication Home and Garden. The first thing Anna did as managing editor was changed the magazines name to HG. Wintour remembers telling a friend “I’m the Condé Nast hit man.”
The Vogue Years
After her brief stay at HG, Anna once again crossed the Atlantic back to New York City, this time as the editor-in-chief to her beloved Vogue. Anna was taking over the reigns of Condé Nast’s popular fashion publication at a time when it was finding itself at a crossroads. Vogue’s standing as the world’s premiere fashion magazine was being challenged by a three year-old publication, Elle. In its three short years, Elle had achieved a million paid subscribers, wher as Vogue was at a stable 1.2 million.
Anna Wintour took the job of turning around Vogue’s fortunes very seriously. With her name on the top of the editorial masthead, with all the freedom, and all financial backing she could possibly desire, Wintour felt she could turn the publication around.
Her debut Vogue cover of the November 1988 issue featured a 19-year-old Israeli model in a pair of $50 faded jeans with a $10,000 jeweled T-shirt by Christian Lacroix. The cover reflected her philosophy of mixing low-end fashion items with expensive pieces for Vogue’s photo shoots.
Over the 1990s and 2000s Anna Wintour accomplished her mandate to restore Vogue as a household name with her usual fearless nature when it comes to entering new ground. Wintour established an industry record with the September 2004 edition that printed at 832 pages and weighted over 5 pounds.
In 2007 Anna Wintour launched the spinoff of Teen Vogue, a magazine which has gone to publish with more ad pages and earn more advertising revenue than its rivals.
Having been dub the “unofficial mayoress’ of New York City by The Guardian, Wintour is widely recognized as a power broker.
As of 2005 it was reported Anna’s annual salary was at $2 million with perks like a chauffeured Mercedes, a $200,000 shopping allowance and an interest free $1.6 million loan from Conde Nast to buy her new townhouse in Greenwich Village.
How did Anna Wintour earn her net worth?
The editor-in-chief of Vogue became rich immediately after signing a contract with Conde Nast in 1983. At the time, she met the then-editorial director Alex Lieberman, who offered her a position and even doubled her salary expectations. Wintour, who also became the first creative director of Vogue in the process, racked up more than $50,000 per year.
Simultaneously with joining Vogue, she began dating David Shaffer, a child psychiatrist, whom she married in 1984. One year later, she attained her first editorship and, after Beatrix Miller announced her retirement, she took over the UK edition of the magazine.
In 1987, she returned to New York City to take over the aforementioned “House & Garden”. Just like she did with “Vogue”, in her first week as an editor, she canceled multiple articles and photo spreads worth more than $2 million, thanks to which she earned the monicker “Nuclear Wintour”. Shortly after, the magazine was renamed to “HG” and it began including fashion and interior decoration.
In 1988, Wintour received an offer to become an editor-in-chief for Vogue and she left her position in HG. Around that time, her net worth was reportedly $1 million, which did not include the advertisements, commercials, and sponsorships with various beauty and fashion companies. From these offers, she was able to rack up more than $100,000 annually.
Why is she so famous?
Anna Wintour is famous mainly because of her extraordinary work as a journalist and editor for multiple magazines, especially Vogue. She was born on 3 November 1949, in Hampstead, London. Her father, Charles Wintour, worked as an editor for “Evening Standard” – one of the most eminent newspapers in Britain. Her mother, Eleanor Trego Baker was an American who was the daughter of a Harvard Law School professor.
During her teen years, Anna developed an interest in fashion and writing and began wearing her hair in a bob. Also at that time, she dated older and well-connected men such as Piers Paul Read and Nigel Dempster. Prior to her graduation from “North London Collegiate School”, Anna consulted with her father who at the time was working for “Evening Standard”. Soon, she received opportunities to work as a fashion journalist in two British magazines.
The first major magazine that she worked for was “Harper’s Bazaar UK” in 1970 when it was merged with Queen. Prior to her association with Vogue, the skilled editor moved to the United States where she worked for magazines such as “New York” and “House & Garden”. Towards the mid-1980s, the British-American moved back to London and secured million-dollar deals with both Vogue and the magazine’s publisher Conde Nast.
What makes Wintour so successful?
What makes Anna Wintour so successful are her spectacular abilities to be in charge of a magazine and turn it into a global phenomenon. During the 1990s, when she was an editor, Vogue was able to focus on fashion and return to the prominence that it had under “Vreeland”. At that time, the magazine was also far more successful against its rivals “Elle”, “Harper’s Bazaar”, and “Marbella”. Since then, with 23 international editions and a total circulation of 1,2 million, it remains of the most successful magazines of all time.
In the early years of the 21st century, Anna oversaw the introduction of three spinoffs of Vogue – “Teen Vogue”, “Men’s Vogue”, and “Vogue Living”. Since its creation in January 2003, “Teen Vogue” has earned more advertiser revenue and published more ad pages than the likes of “Cosmo Girl” and “Elle Girl”. Because of her skills and contribution to the country, in 2008, Wintour was appointed OBE (Officer of the Order of the British Empire) by Queen Elizabeth II during the 2008 Birthday Honours.
At the peak of her career, in 2006, the comedy-drama “The Devil Wears Prada” was released. The film is based on the 2003 novel of the same name by Lauren Weisberger, Wintour’s former personal assistant. The protagonist, portrayed by Meryl Streep, was reportedly based on Anna’s character and personality, which further boosted her popularity and caused a lot of controversies. Other productions that drew inspiration from her personality are “Ugly Betty” and “Charlie and the Chocolate Factory”.
In 2013, while remaining at Vogue, it was announced that Wintour would move on to another role in Conde Nast. She was given the role of an artistic director, because of which she would assume some of the responsibilities of “Su Newhouse”. A few years later, in May 2017, mainly because of her contributions for the fashion and journalism for the past 30 years, she was created a Dame Commander of the order of the British Empire medal. The ceremony took place at the Buckingham Palace and she was once again awarded by Queen Elizabeth II.
Ever since the late 20th century, Anna Wintour has been one of the most followed names in the fashion industry. Thanks to her demanding personality, unique appearance, and daring style, she has been heavily included in hundreds of blogs, magazines, and newspapers.
Her personality has also inspired multiple other characters in television series and films such as “Ugly Betty’ and “The Devil Wears Prada”. The editor-in-chief is often praised for contributing to the success of Vogue and Conde Nast in general. To this day, she remains an influential figure and her name is often highlighted by the media.