Paul Marciano Net Worth
The founder of Guess, Paul Marciano, is a fashion designer, philanthropist and business executive. His net worth is estimated to be between $1 million and $5 million. He is a member of the Eclaireurs israelites de France, a Jewish boy scout organization, and has invested in the entertainment industry startup Hero Ventures.
He has been a philanthropist and a benefactor of the Em Habanim Sephardic synagogue in Los Angeles. His family is one of the wealthiest in the United States. A family tree reveals that he has a great grandpa who was a rabbi, a grandfather who was a rabbi, and a father who was a rabbi. He also has four siblings.
He has been a co-founder and a board member of Guess Inc. He is credited with helping to create the iconic ‘Guess’ logo, and has received several Clio awards for his ads. He and his brothers founded the company in 1981. He stepped down as the company’s co-CEO in 2007, but remains as the brand’s creative director. His ties to the fashion industry extend to Jimmy Choo and Tommy Hilfiger.
He is one of the founders of the new venture called Marciano Art Foundation Museum. His other notable contributions include being a major donor to the Eclaireurs israelites de France. The company he co-founded, Guess, has earned over $2.5 billion in sales. During the second quarter of 2017, the company made a profit of $574 million. However, sales have fallen in the last three years.
He was also credited with the largest donation to a Democratic candidate in history. This contribution was for $2,700. His other significant contributions include founding the Marciano Art Foundation Museum and a business startup called Hero Ventures. The Marciano family now owns 12.7 million shares of Guess, and is the third-largest stakeholder in the company. During the first half of the year, the company’s profits decreased by nearly $25 million.
He has a number of social media accounts. He is a popular figure on Twitter and Instagram. He has an annual salary of $870,385 for his work as an executive at Guess Inc. He has a home in Los Angeles. He lives with his wife Mareva Georges. They have two children. In the past, he has been photographed with J Balvin at a Complex Con event. He has been accused of sexual harassment by several women. His stock has dropped by more than 12 percent in value since the accusations were leveled against him. His name appears on a list of America’s 200 richest families, but his fortune is a minuscule fraction of the family’s overall fortune.
Although he is the subject of several sexual misconduct allegations, Marciano has managed to maintain a humble, family-oriented personality. He has been married once. He has donated to numerous charities, including the AIDS Association of Los Angeles and the United Way. He has been spotted with a number of famous people, including Tina Knowles and Tommy Hilfiger.