Kate Spade‘s husband Andy Spade‘s net worth is estimated at $200 million. Similarly, Kate Spade’s net worth was also $200 million at the time of her death in 2018. He along with his late wife Kate founded the top fashion company such as; Kate Spade, Jack Spade, Partners & Spade, Frances Valentine, and Sleepy Jones.
Kate Spade’s husband Andy Spade was born on December 24, 1962, in Birmingham, Michigan, USA to parents Wayne M. Spade and Judith M. Spade. Andy was married to Kate and shared a daughter named Frances Beatrix Spade.
Let’s gaze at how Andy Spade earns his treasure.
As mentioned earlier, Kate Spade’s husband Andy Spade’s net worth is estimated at $200 million. He has managed to amass himself a hefty amount of affluence from his fashion company Partners & Spade and Kate Spade and also from his advertising firms.
Andy Spade has an estimated net worth of $200 million. Image Source: Getty Images.
Andy and his wife Kate Spade founded Kate Spade and Jack Spade in 1993 and Partners & Spade in 2008. Andy has also produced feature films with Red Bucket Films. In 2009, Andy Spade was named as one of 100 creative businesspeople by Fast Company. Also, he was honored for his excellence in design by CFDA.
Andy Spade put all his money into his wife’s dream of launching a fashion brand. Under his guidance, Kate Spade’s 26 stores were opened in America and Japan. According to reports, the Neiman Marcus Group purchased a 56% stake of the fashion company Kate Spade in 1999 for $34 million.
After then, they purchased the remaining 44% in 2006 totaling the company valuation at $124 million. After then, Neiman Marcus sold the brand to fashion designer Liz Claiborne in $124 million, which later on was bought by Coach parent Tapestry for $2.4 billion in 2017.
Under Andy Spade’s guidance, Kate Spade’s 26 stores were opened in America and Japan. Image Source: Getty Images.
As of now, Andy doesn’t earn a single penny from those companies.
Also, Andy with his wife launched a collection of loungewear called Sleepy Jones in 2013 and also Frances Valentine in 2017 which is currently, the main source of his income.
No doubt, he is earning enormous from Sleepy Jones and Frances Valentine.
Andy Spade has a company named Adforum, which has helped 36,000+ companies to be discovered and has got over 200,000+ ads from around the world. Plus, he also earns from being a producer of feature films such as; Paperboys, Dimmer.
Andy Spade also earns from being a producer of feature films and also from being an author. Image Source: Getty images.
No doubt, he must have earned good amount of money from being a producer too.
Above all, prosperity is only achieved by those people who try and keep trying. Andy ate the pie of success and fortune after his long battle.