Richard Saghian

Richard Saghian (#1925)

Global Rank #1925

Country Rank #647

Country United States

Richard Saghian is listed among the world billionaires tracked by Iconic Billionaires.

$ 2 B
Fast fashion
United States
M
45 Years

Snapshot

Quick Facts

Global Rank #1,925

Country Rank #647

Net Worth $2.1B

Previous Worth $2.1B

Worth Change +$0.0B

Country United States

Industry Fast fashion

Age 45 Years

Gender M

Worth As Of May 4, 2026

Last Refreshed 30 Jul 2026, 12:00 AM

Residence Los Angeles, California

World Billionaires List United States Billionaires Fast fashion

Profile Data

Personal Stats

Age 44

Source Of Wealth Fast fashion, Self Made

Residence Los Angeles, California

Citizenship United States

Marital Status Single

Education Drop Out, California State University Northridge

Net Worth Change +$0.0B +0.0% from previous worth

Previous Net Worth $2.1B

Current Net Worth $2.1B

Worth as of May 4, 2026

About Me

Richard Saghian is the founder and CEO of fast fashion company Fashion Nova, which generates some $2 billion in annual sales. The son of Iranian immigrants, Saghian started the company in 2006 after dropping out of college. He offered hundreds of new clothing styles a week, promoted on Instagram by influencers and celebrities like Cardi B. In 2018, Fashion Nova was the most Googled fashion brand, beating out the likes of Louis Vuitton, Versace and Gucci. Saghian owns several properties in Los Angeles, including a sprawling hilltop estate in Bel Air that he purchased for $141 million.

Insights

Did You Know?

Three men attempted to rob Saghian outside his home in 2021. A confrontation with a security guard led to gunfire, resulting in one fatality. Saghian was uninjured.

In 2022, Fashion Nova agreed to pay $4.2 million to settle allegations by the FTC that it suppressed negative reviews online. Fashion Nova denies the allegations.

Wealth Growth

Net Worth Growth Over Time

Tracking Richard Saghian's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $2.1B (May 4, 2026)