Oscar De La Renta, also known as Oscar de la Renta, was a Dominican fashion designer. His work for Jane Derby and subsequent ownership of the fashion label made him famous. As the first Dominican designer to work with the French fashion house, he collaborated with Balmain. His professional life began in the 1960s and continued until his death.
Let’s know more about him and look at Oscar De La Renta net worth, records, career and more.
What is Oscar De La Renta’s Net Worth and Salary 2023?
Oscar de la Renta, a renowned fashion designer, had an estimated net worth of $200 million at his death in 2014.
He built his fortune over the years with his luxury clothing designs, creating some of the most iconic looks for everyone from First Ladies to Hollywood stars.
De la Renta was known for his exquisitely tailored suits, gowns and eveningwear, made from luxurious fabrics and adorned with intricate embroidery.
He also had several lucrative licensing deals, a perfume line and a popular home decor collection. His success proved that talent and hard work could lead to success and wealth.
Oscar De La Renta Overview
Early Life
On July 22, 1932, Oscar Arstides Renta Fiallo was born in Santo Domingo, Dominican Republic. His father, Scar Avelino De La Renta, is Puerto Rican, and his mother, Carmen Mara Antonia Fiallo, is Dominican.
With six older sisters and a Catholic upbringing, Oscar lost his mother to complications from multiple sclerosis when he was 18 years old.
During that period, de la Renta worked as a fashion illustrator for magazines and newspapers while also enrolling in painting classes at Madrid’s Royal Academy of San Fernando.
In 1956, after seeing some of Oscar’s sketches, Francesca Lodge, the wife of U.S. Ambassador John Davis Lodge, requested him to create a coming-out dress for her daughter.
After the outfit was featured on the cover of “Life” magazine, Oscar de la Renta started creating sketches for Spanish fashion firms and eventually got a job as an apprentice for the famed designer Cristóbal Balenciaga, who later served as his mentor.
In 1961, Oscar moved to Paris to work for Lanvin as a couture assistant to Tony-nominated costume designer Antonio del Castillo.
Career
Oscar traveled to Spain when he was 18 years old and enrolled at the Academy of San Fernando in Madrid. He then departed his native country.
While there, Oscar developed a passion for fashion and started to sketch outfits that were later printed in some of the most prestigious Spanish publications and newspapers.
He gradually gained attention and began working for Cristóbal Balenciaga. After that, Oscar relocated to Paris and spent a brief period working for Lanvin alongside Antonio del Castillo.
He then relocated to New York and spent some time working for Elizabeth Arden before joining Jane Derby and her fashion company. Oscar took over the running of the design firm after Jane passed away in 1965, and he eventually rose to the position of chairman in 1974.
His career and wealth continued to rise until his passing. In addition to the apparel line, he also introduced the OSCAR perfume line, which ultimately grew to include home goods and accessory lines, enhancing his net worth.
As time went on, he developed a stronger concentration on bridal wear and created clothing for many well-known celebrities, including actors, musicians, and aristocrats.
Oscar was honored with several significant accolades over his long and prosperous career, including the Coty Award in 1967 and 1968. He was also admitted into the Coty Hall of Fame in 1973.
He also earned the CFDA Lifetime Achievement Award and the American Fashion Critics’ Award. He presided over the CFDA for two terms, from 1973 to 1976 and 1986 to 1988.
Oscar collaborated with various charitable organizations, including America’s Society and New Yorker’s For Children, among others, and served as a board member of the Carnegie Hall, Metropolitan Opera, and WNET.
Awards
Oscar was elected into the Coty American Fashion Critics’ Hall of Fame in 1973 after receiving Coty Awards in 1967 and 1968. He served as the CFDA’s President from 1973 to 1976 and again from 1986 to 1988.
He was honored with the organization’s Designer of the Year Award in 2000 and 2007 and a CFDA Lifetime Achievement Award in 1990.
De la Renta was awarded the La Gran Cruz de la Orden del Mérito Civil and the Gold Medal of Bellas Artes by King Juan Carlos of Spain, and in 1999, the French government awarded him the Légion d’honneur (as a Commandeur).
In addition, Oscar won the Carnegie Hall Medal of Excellence, the American Academy of Achievement’s Golden Plate Award, the Dominican Republic’s Order of Christopher Columbus, and the Order of Merit of Duarte, Sánchez, and Mella.
2013 saw de la Renta earn an honorary degree from Hamilton College in New York, and 2017 saw the USPS issue an 11-stamp collection in his honor.
Personal Life
Oscar was deceased in terms of his private life while still married to Annette, his second wife, whom he had wed in 1989. From 1967 until her passing in 1983, he was married to magazine editor Françoise de Langlade.
Death
Oscar passed away from cancer in 2014 at the age of 82. Initially given the all-clear from cancer in 2006, he overcame it only to have it come back and claim his life.
Real Estate
De la Renta spent $110,000 for Brook Hill Farm, a vast estate near Kent, Connecticut, in 1971. He also had a beachfront house in Punta Cana, Dominican Republic, and an apartment on Park Avenue in Manhattan.
Why is Oscar De La Renta famous?
He is best known for his women’s evening wear and suits, which over the years have become wardrobe essentials for his devoted clientele of socialites and celebrities (including actresses Amy Adams, Sarah Jessica Parker, and Penélope Cruz), as well as for former first ladies Jacqueline Kennedy Onassis, Nancy Reagan, Hillary Clinton,…
FAQs about Oscar De La Renta
Who is the highest paid fashion designer?
Guido Armani Giorgo Armani is the richest fashion designer in the world, with an estimated net worth of 7.6 billion.
Who owns Oscar de la Renta now?
It would start a new chapter for the American fashion house with the founder at the helm for nearly 50 years, but preserving De la Renta’s legacy was important.
Thus, the company turned to its current Creative Directors Fernando Garcia and Laura Kim a few years after his passing.
Who inherited Oscar de la Renta?
A few weeks before his passing, Oscar, who passed away in October at the age of 82, signed a will in which he bequeathed most of his estate to Annette, his wife of 25 years.
Is Oscar de la Renta a luxury brand?
With ease, he moved among society women, many of whom were friends of his then-wife, Françoise de Langlade, editor of French Vogue, and for whom De la Renta’s label quickly came to stand for casual luxury.
How old was Oscar De La Renta when he died?
Oscar De La Renta age was 82 years old.
How tall was Oscar De La Renta?
Oscar de la Renta height was 5 ft 10 in.
Conclusion
Oscar De La Renta was an icon in the fashion industry, and his legacy will always be remembered. He helped pave the way for more Dominican designers to create beautiful pieces and collaborate with French fashion houses.
By exploring Oscar De La Renta net worth 2023, records, career and more, we can get an even clearer picture of the late designer’s incredible life and work.
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