How much is Zac Posen worth?
| Net Worth: | $30 Million |
|---|---|
| Profession: | Professional Fashion Designer |
| Date of Birth: | October 24, 1980 |
| Country: | United States of America |
| Height: | 1.78 m |
About Zac Posen
Zac was bonn New York City in 1980 but it wouldn’t be until 2002 after studying in London that he would reach critical acclaim. His wealthy parents Stephen Posen, an acclaimed painter and Susan Posen, a business lawyer encouraged his development. One of his close childhood friends is actress Claire Danes.
Zac’s parents sent him to study at St Ann’s School for the Arts in Brooklyn and got him an internship with designer Nicole Miller while still high school.
Following this experience Zac enrolled directly at Parsons School for Design at age 16, only to move to London at 18 to enroll at Central Saint Martin’s College of Art and Design. In 1999 he graduated with a BA in Womenswear and the leather gown he did for his graduate project was acquired by the Royal Victoria and Albert Museum.
Supermodel Naomi Campbell is credited with bringing Zac’s designs into the public eye for the first time after she wore a gown he made for her. The dress soon became a must-have item and was sported by a series of young socialites, each of who wore it to red carpet functions.
After graduation Zac came back to New York City to debut his first collect at New York Fashion Week for the Spring 2002 season. The runway show was held in a synagogue, and styled by Stella, the artist Julian Schnabel’s daughter. Sitting in the front was fashion powerhouse Vogue’s Editor-in-Chief Anna Wintour, along with Zac’s celebrity friends like Sophie Dahl and Karen Elson. The New York Times said soon ran the headline relating to his runway show “A Star is Born.”
With the support of the powers-that-be in the fashion world like Vogue EIC Anna Wintour and LVMH fashion group president Yves Carcelle, Posen launched his design career.
Zac’s fashion line, Alexandra Outspoke LLC, is a still a family run business with his older sister a mime and visual artist Alexandra as the label’s creative director and his lawyer mother, Susan as the COO of the line. His new company is based out his design studio in the Tribeca neighborhood of Manhattan. Offers to buy his company have come from fashion titans like Yves Carcelle – president of LVMH, Sidney Toledano – Director of Christian Dior SA, and Domenico De Sale – President of Gucci Group NV.
Sean “P Diddy” Combs became a principal investor of Zac’s fashion line in 2005, and following the announcement Posen gained a celebrity clientage like actresses Gwyneth Paltrow, Natalie Portman, Claire Danes and Beyonce Knowles.
2008 marked a huge success for Posen as his new capsule line went on sale in 75 Target stores in Australia. The following year saw his core business in the US drip by double digits. The New York Times fashion critic stated “He is a little bit adorable and a little bit awful.”
Taking this advice to heart Zac responded with tightening up the lines financials and created a new line Z Spoke as a less expensive alternative for Saks Fifith Avenue.
Posen’s does three season collections a year with an eye to expanded into jeans, fragrances and retail boutiques. The 2012 Academy Awards saw actor nominee Glenn Cose wear a Zac Posen gown on the red carpet.
In 2014, Posen partnered with major retailer, David’s Bridal, and created Truly Zac Posen. The a line of affordable bridal gowns was Posen’s first official bridal collection. That year he was also named Creative Director for Brooks Brothers. He released a more casual Pre-Fall 2015 Trunk Show collection.
Posen was chosen to redesign the uniforms for Delta Air Lines 60,000 employees. In 2017, Posen’s 288-page cookbook was published by Rodale Books. Also that year, Posen designed the blush silk gown Princess Eugenie of York wore for her evening wedding reception.
In 2019, House of Z and Z Spoke, the fashion brand owners of Posen’s company, announced an immediate closure of the label. Posen released a collection of genderless wedding rings, later that same year.
