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What is Sophia Amoruso’s Net Worth?
Sophia Amoruso is an American designer, writer and entrepreneur who has a net worth of $20 million. Sophia Amoruso is finest identified for founding the ladies’s vogue retailer Nasty Gal and the leisure firm Girlboss Media.
At the height of Nasty Gal’s success in roughly 2012/2013, the corporate was producing tens of hundreds of thousands of {dollars} in annual income. In 2012 Sophia and Nasty Gal obtained a $49 million funding from Index Ventures. Amoruso was known as the “Cinderella of tech” by the New York Times, and appeared on Inc. Magazine’s “30 Under 30” List in 2013. Unfortunately, by 2016, Nasty Gal’s fortunes had reversed and the corporate was compelled to file for chapter. With the lack of the corporate, Sophia’s net worth plummeted from a peak of $280 million.
Among her different endeavors, Amoruso wrote an autobiography known as “#GIRLBOSS” that was tailored right into a Netflix collection in 2017.
Early Life
Sophia Amoruso was born on April 20, 1984 in San Diego, California. She is of Portuguese, Greek, and Italian ancestry, and was raised within the Greek Orthodox church. As a teen, Amoruso was identified with each despair and a focus deficit hyperactivity dysfunction; in consequence, she dropped out of college and began to be homeschooled. She acquired her first job working at a Subway restaurant, after which had numerous odd jobs at locations similar to a bookstore and a report store. After Amoruso accomplished her highschool diploma, her mother and father divorced; she subsequently moved to Sacramento to dwell a extra liberated life-style. Following her transfer, she carried out a peripatetic existence that consisted of hitchhiking, stealing, and dumpster diving up and down the West Coast. While residing in Portland, Oregon in 2003, Amoruso stopped thieving after she was caught shoplifting. Shortly after discovering a hernia in her groin, she relocated to San Francisco, the place she labored as a safety guard on the Academy of Art University to pay for medical insurance for surgical procedure.
Career Beginnings
While working on the Academy of Art University, Amoruso opened an eBay retailer known as Nasty Gal Vintage, named after the 1975 album by funk and soul singer Betty Davis. Nasty Gal Vintage featured classic attire and different objects; the primary merchandise bought was a guide Amoruso had stolen as an adolescent. Using info she realized in a pictures class, Amoruso photographed, captioned, styled, and shipped all of the objects herself. Eventually, Nasty Gal Vintage turned a monster success, making $1 million in yearly income after six years. However, in 2008, Amoruso was reportedly banned from eBay for posting hyperlinks in her suggestions to prospects.
Nasty Gal
After leaving eBay, Amoruso opened Nasty Gal as a stand-alone on-line retail retailer. The enterprise quickly amassed a serious following of younger ladies on social media, and grew its income from $223,000 in 2008 to just about $23 million in 2011. At its peak, the corporate was taking in $100 million in yearly gross sales, and was using greater than 200 individuals. Due to her large success, Amoruso was named a “Cinderella of tech” by the New York Times, and made the 30 Under 30 checklist in Inc. Magazine.
Despite being launched to the higher echelons of wealth because of Nasty Gal, Amoruso admitted to Forbes that she was unprepared to tackle the heavy calls for of being a CEO, having had no prior expertise in management. Consequently, she introduced that she was stepping down from her place in January of 2015. In November of the next 12 months, it was reported that the corporate was submitting for Chapter 11 chapter safety. Eventually, in February of 2017, British on-line vogue retailer Boohoo Group bought Nasty Gal for $20 million. The firm stays in Los Angeles, nonetheless, and continues to make clothes, footwear, and equipment beneath its personal model title.
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Amoruso based her subsequent enterprise enterprise, Girlboss Media, in December of 2017. The firm creates editorial content material, podcasts, and movies focused at a younger feminine viewers, significantly Millennials. Girlboss Media is meant to assist this era of ladies advance of their skilled and private lives. Additionally, Amoruso holds Girlboss Rallies, expensive weekend-long educational occasions designed for fledgling entrepreneurs.
As an writer, Amoruso penned an autobiography entitled “#GIRLBOSS,” which was printed by the Penguin imprint Portfolio in 2014. A couple of years later, Netflix tailored the guide into an eponymous collection starring Britt Robertson as a fictionalized model of Amoruso. The present additionally featured Ellie Reed, Johnny Simmons, Alphonso McAuley, Dean Norris, and Melanie Lynskey, amongst others. Generally disliked by viewers, who criticized it as myopic and inspiring of narcissism, the collection was finally canceled by Netflix after one season.
Among her different media involvements, Amoruso appeared as herself in two 2012 episodes of the MTV collection “House of Style.” Three years later, she was a visitor decide on the spinoff vogue design competitors collection “Project Runway All Stars,” and likewise appeared as herself on “Pop Culture Underground.”
Personal Life
In 2015, Amoruso wed Joel DeGraff; they acquired divorced two years later.
Real Estate
The identical 12 months Nasty Gal raised $50 million, Amoruso bought her first dwelling, a midcentury Los Angeles mansion beforehand owned by filmmaker Sofia Coppola. Spanning 3,300 sq. feet, it boasts glassy structure and quite a few items of high-end and classic furnishings.
All web worths are calculated utilizing information drawn from public sources. When supplied, we additionally incorporate personal suggestions and suggestions obtained from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as potential, except in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button beneath.
