Kate Spade was an American fashion designer and a renowned businesswoman. She is the founder and was the owner of Kate Spade New York. She worked in the accessories department at Fashion magazine, Mademoiselle. She worked here together with her husband, Andy Spade, who later identified a market for the quality stylish handbags and later together created Kate Spade New York in 1993. The handbags gained a lot of popularity as a result of their sophistication and affordability. Here is a quick summary of the net worth of Kate Spade in 2018.
Early Life & Biography
Kate was born in 1962 on December 24th in Kansas City, Missouri to June Mullen and Earl Francis who was the owner of a construction company. She is of Irish descent and attended St. Teresa Academy from where she graduated and proceeded to join the University of Kansas.
After some time, she transferred to Arizona State University where she graduated with a degree in Journalism. She maintained that love was a passion, not an obsession. She had goals of becoming a television producer, and her inspiration was from the Holly Hunter’s character in the ‘Broadcast News’ film.
She got married to Andy Spade, who is the brother of an actor/comedian David Spade, in, the year 1994. The couple had one child, Frances Beatrix Spade who was born in 2005. Kate was found dead by her housekeeper, and the police ruled this to be a suicide by hanging.
Career, Awards & Nominations
After she graduated from college, she moved to New York. This is where she landed her first job with the Mademoiselle magazine. After working for a while with the company, she joined the accessories department after six stormy years. The monotonous life was a big challenge to her, and this is when the thought of being an entrepreneur crossed her mind. Together with her husband, they created a fashion label that designs and sells handbags. The handbags were very sophisticated but also affordable.
Together with her husband, they launched their first boutique which was located in Soho, Manhattan and 1997, the brand enjoyed huge commercial success, and it supplied the bags to various parts of the country. Her career in the industry has seen her get feted for being creative and innovative, which made her create a brand that is very successful up to date.
Net Worth & Earnings
Kate Spade net worth is over $250 million. The fortune has been generated from her career in the fashion industry where she sells very sophisticated but also affordable handbags. The company she founded together with her husband has over fifty stores in the world and is among the most profitable fashion business in the world.
Kate was a very successful businesswoman having started from scratch and grew her business to the heights the business is. Her death affected her father so much, who later died even before Kate was buried. She died while being surrounded by the family members.