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RALF LAUREN
Ralph Lauren (born Ralph Lipschitz, October 14, 1939) is an American fashion designer and business executive, best known for his Polo Ralph Lauren clothing brand.
Early life
Ralph Lauren (pronounced LAW-ren) was born Ralph Lipschitz in the Bronx, New York, to Ashkenazi Jewish immigrants, from Minsk, Belarus: Fraydl (née Kotlar) and Frank Lipschitz, a house painter.
Lauren attended the Salanter Academy Jewish Day School followed by MTA (now known as the Marsha Stern Talmudical Academy), before eventually graduating from DeWitt Clinton High School in 1957. In MTA Lauren was known by his classmates for selling ties to his fellow students. In a moment of spontaneity, when asked what he wanted to do in his Clinton yearbook he stated under his picture that he wanted to be a millionaire.During the summer, Ralph attended Camp Roosevelt (Monticello).
At the age of 16, Ralph's brother George Poitras (who was his guardian) changed their last name to Lauren to avoid the unfortunate obscenity reference Lipshitz has in English (although Ralph's brother Lenny retained the name). Apparently Ralph was teased about it in school. “My given name has the word shit in it,” he told Oprah Winfrey. “When I was a kid, the other kids would make a lot of fun of me. It was a tough name. That's why I decided to change it. Then people said, "Did you change your name because you don't want to be Jewish?" I said, "Absolutely not. That's not what it's about. My cousins who lived in California had changed their last name to Lawrence. So I just thought, "I'm going to pick a nice last name"—it wasn't particularly connected to anything or anyone."
He went to Baruch College where he studied business, although he dropped out after two years. From 1962 to 1964 he served in the United States Army.[citation needed] He did not attend fashion school, but worked for Brooks Brothers as a salesman. In 1967, with the financial backing of Manhattan clothing manufacturer Norman Hilton, Lauren opened a necktie store where he also sold ties of his own design, under the label "Polo." He later received the rights to use the trademark Polo from Brooks Brothers.
Personal life
On December 20, 1964, he married Ricky Anne Low-Beer in New York City. Ricky was the daughter of an Austrian Catholic mother, Margaret Vytouch, and a Jewish father, Rudolph Loew-Beer. The two met six months earlier, in an eye doctor's office where Ricky was working as a receptionist. Ralph kept it a secret from his parents that his new bride was only half Jewish and that her mother was a gentile.They have three children:
Andrew Lauren (b.1969) - film producer and actor.
David Lauren (b. 1971) - Senior Vice President, Advertising, Marketing and Corporate Communications at Polo Ralph Lauren. In September 2011, he married Lauren Bush, granddaughter of President George H.W. Bush.
Dylan Lauren (b. 1974) - owner of Dylan's Candy Bar, which claims to be the largest candy store in the world, based in New York City.In 1970, Ralph Lauren won the COTY Award for his menswear line. Around that same time he released a line of women's suits that were tailored in a classic men's style, which was when the first Polo emblem was seen. It was on the cuff of the women's suit. Ralph Lauren released Polo's famous short sleeve mesh shirt with the Polo logo in 1972. It came out in 24 colors and soon became a classic.He also gained recognition for his design after he was contracted to provide clothing styles for the movie The Great Gatsby.In 1984, he transformed the Rhinelander Mansion, former home of the photographer Edgar de Evia and Robert Denning, into the flagship store for Polo Ralph Lauren. This same year de Evia photographed the cover feature story for House & Garden on the Lauren home Round Hill in Jamaica,which had formerly been the home of Babe and Bill Paley. On June 11, 1997, Polo Ralph Lauren became a public company, traded on the New York Stock Exchange under the symbol RL.
By 2007 Ralph Lauren had over 35 boutiques in the United States. 23 locations carried the Ralph Lauren Purple Label, including Atlanta, Beverly Hills, Boston, Charlotte, Washington DC, Chicago, Costa Mesa, Dallas, Denver, Honolulu, Houston, Las Vegas, Manhasset, New York, Palm Beach, Palo Alto, Philadelphia, Phoenix, San Diego, San Francisco, Short Hills, Montreal and Troy.[citation needed] The Financial Times reported in its edition of January 2–3, 2010 that the firm had revenues of $5 billion for fiscal year 2009. The article addresses succession plans and the future of the overall business.
In 2010, Ralph Lauren was decorated Chevalier de la Legion d'honneur by French President Nicolas Sarkozy, in Paris.
Surgery
Sometime in early 1987, he was diagnosed with a benign brain tumor. In April 1987 he underwent surgery to remove the tumor and made a full recovery.
Net worth
As of March 2012, Forbes estimates his wealth at $7.5 billion dollars which would make Ralph Lauren the 122nd richest person in the world
