Karl Lagerfeld Amassed A Significant Fortune Over His 60-Year Fashion Career



Karl Lagerfeld, the iconic German artist, photographer, and creative director who designed for Chanel, Fendi, and his own eponymous label, died today at the age of 85.The famous — and outspoken — designer had a long and storied career, achieved a legendary stature in the fashion world, and made a fortune that’s nothing to sneeze at.Lagerfeld first entered the industry in 1955, when he became an assistant to couturier Pierre Balmain. Afterward, he worked with Jean Patou, designing two haute couture collections a year over the course of five years. Though some of his initial collections in the 1950s and 1960s received mixed reviews, Lagerfeld continued to move up in the fashion world, eventually working with Chloé and Fendi in the 1960s.Much of Lagerfeld’s success came from his later work as Chanel’s creative director, and he is widely credited with resuscitating the brand. He was the mastermind behind the revival of the interlocked \"CC\" logo of Coco Chanel, which he fashioned

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