What is Tommy Hilfiger's net worth? Fashion mogul sells Greenwich estate for $45 million before moving to Palm Beach
Hilfiger and his wife are now relocating to Palm Beach, Florida, where they are reportedly searching for a new property
Celebrity fashion mogul Tommy Hilfiger recently sold his luxurious mansion in Greenwich at $45 million, reports The Wall Street Journal. The property, which was purchased by Hilfiger and his wife Dee Ocleppo in 2010 at $31.3 million, was listed last year by Sotheby's International Realty.
A buyer came forward with the deal just four weeks after it was listed, however, neither his identity nor the selling price was revealed at the time. It was known that the buyer of Hilfiger’s estate was represented by Sally Slater of Douglas Elliman.
Hilfiger and his wife are now relocating to Palm Beach, Florida, where they are reportedly searching for a new property. Incidentally, Hilfiger’s former first wife Susie Hilfiger has also listed her Greenwich property for $40 million as she is moving out as well. Both of them share the same listing agent from Sotheby’s.
About the Greenwich estate
Tommy Hilfiger’s Greenwich estate which lies on sprawling 22 acres of land, had the mansion house built in French Normandy style and its construction dates back to 1939. The house comprises six large bedrooms, and the architecture features vintage aspects like French turrets, ornate water fountains, koi pond, a rose garden, a pool, and a lawn. It was originally built 80 years ago by famous architect Greville Rickard for real estate investor Charles Vincent Paterno.
Take a pictorial tour of the luxurious property here.
The estate was seventh home being fixed up and sold by Hilfiger. He sold the property amid the Covid-19 pandemic when the property prices in Greenwich are skyrocketing due to people leaving New York. He and his wife had apparently planned the sale for quite some time, but they rapidly listed the property due to Covid-19. Interestingly, the couple had worked on an extensive renovation of the home for three years after it fell into disrepair and spent millions of dollars on the same.
In May 2019, Hilfiger, who goes by @thomasjhilfiger on Instagram, shared a picture of his "Home Sweet Home".
What is Tommy Hilfiger's net worth?
At present, Tommy Hilfiger’s net worth is estimated at $450 million. He is yet to be a billionaire despite being a global name because he had sold off a major share of his company in 1989 to investors Silas Chou and Lawrence Stroll. It was under Chou and Stroll’s investment that Hilfiger turned into a worldwide phenomenon.
He has started his career in fashion at the age of 18 with a very humble venture – where he would buy jeans and customize them for reselling at a local store. A few years after opening his own store, he founded the Tommy Hilfiger Corporation in 1985, with support from Murjani Group.