How Much Does Michael Jeffries Earn?
Michael Jeffries has earned a net worth of $300 million as an American businessman. Michael is also known as the CEO of “Abercrombie & Fitch” from 1992 to 2014. The period was the brand’s rise from bankruptcy to one of the most valuable retailers on the planet.
Quick Facts About Michael Jeffries
|Michael Jeffries’s Net Worth||$300 Million|
|Age||77 years old|
|Date of Birth||15 July 1944|
|Place of Birth||Los Angeles|
|Nationality||United States of America|
Who Is Michael Jeffries? Wiki, Ethnicity And Early Life Explored
Michael Jeffries is a 77 years old businessman who is mostly known as Mike Jeffries. He was born on July 15, 1944 in Los Angeles. Hwe was raised there with his father who owned a chain of retail stores named, “Part Time”. In 1966, he graduated from Claremont McKenna College with a degree in Economics.
After this he went to Columbia Business School to earn a degree in MBA in 1968. He spent most of his time studying at the London School of Economics. After hus studies, he started working for retailers. He spent time in the management training programs in “Abraham & Strayss”, a department store at New York City.
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Michael Jeffries’s Net Worth And Career
Michael Jeffries has a net worth of $300 Million as a businessman, as per Celebrity Net Worth. He owns around 2.9% of stock of the “Abercrombie & Fitch”. He has been one of the highest-paid retail CEO previously. Jeffries was brought on board to “Abercrombie & Fitch” in 1988 after it was bought by Wexner. He was later named CEO in 1992. Due to the band’s bankruptcy, the management wasn’t much interested in running the company so they game the total control to Mike Jeffries.
Within the ten years of time, the company was totally retooled by Jeffries. The company became the most popular among the teenagers around the world. The company became known for employing shirtless men and scantily-clad women as stire greeters. Certain time later, the company again went to the low and Micheal was then named worst CEO in 2013 which led him to step down from the position on December 9, 2014.
Recently, a Netflix docmnetary, “White Hot: The Rise & Fall of Abercrombie & Fitch” was released which shows tJeffries’s part on the brand’s popularity as well as his role in other issues. He fostered the culture of discriminatory hiring practises and overall sense of exclusion in the company. After he was fired from the company, he became lost from the public eye for a certain time. After his resignation was announced, the share prices of country increased by 8%.
Michael Jeffries’s Married, Wife And Children
Jefferies is openly Gay at present and has been in a open relationship with Matthew Smith for at least a decade at present.He was also been married to Susan Marie Isabel Hansen in 1971 previously. They also had a child together. Then, they separated after certain years of their marriage. Again, In September of 2013, He got married to Annabel Vartaninan.
Though the news is not totally confirmed yet, it was also rumoured that, he was living with Matthew Smith at the time he married.At present, Micheal and Mathhew run the Jeffries Family Office together. Though he wasn’t hired by the company himself, he is a regular attendee at internal business meeting and is involved in various things.
Michael’s plastic surgery rumors are also skeptical. As per the sources, he was allegated to facelift. Public were spectating about the possibilities related to the plastic surgeries he has undergone. He got liposuction and botox injections as per the photographs on web. He was supposed to undergo the surgeries due to his growing age and wrinkles.
Interesting Facts About Michael Jeffries
- He has also launched his own company in 1984, “Alcott & Andrews”. The company went bankrupt in five years and then he moved to Mid-west based clothing brand, “Paul Harris”.
- He currently lives in Ohio with Matthew Smith and three pet dogs.
- Jeffreies once stated that the company only hires attractive employes. He apologised for the statement in 2013.