Dov Charney Net Worth

Dov Charney net worth is
$100,000

Dov Charney Wiki Biography

Dov Charney was born on the 31^st January 1969 in Montreal, Quebec, Canada of Jewish ancestry. He is a businessman and entrepreneur, best known to the world for being a founder of American Apparel clothing line, one of the largest clothing manufacturers in North America, in which he served as the CEO from 1989 to 2014.

Have you ever wondered how rich is Dov Charney? According to authoritative sources, it is estimated that the overall size of Charney’s net worth is about $100,000, as of early 2016. As the CEO of one of the largest companies in North America, his investment in the company was worth over $550 million. The price of his stock had been rising until it plummeted dramatically, so his net worth.

Dov Charney Net Worth $100,000

Dov Charney was born to Morris Charney, an architect, and Sylvia Safdie, an artist. He attended the private boarding school Choate Rosemary Hall in Connecticut, and then the St. George’s School of Montreal. During high school, he started importing Fruit of the Loom and Hanes t-shirts from USA to Canada, so his ventures in fashion began. After graduation, he studied at Tufts University and at the same time continued to work his job. He soon decided to quit his education, to pursue a career in the fashion industry.

His professional career began in 1989, when he founded the American Apparel clothing manufacturing, designing, distributing, marketing and retailing company, based in Los Angeles. He served as company`s CEO from its inception, until 2014. In no time, American Apparel became one of the leading companies, which only increased Dovs net worth. In 2003, he opened the first retail store, and from that point on, apparently only the sky was the limit. His workers were paid from $13 to $18 per hour, which only increased the manufacturing and successful business management. In 2005, the company made over $200 million in revenues., and T the next year Dov, decided to sell the company to the Endeavor Acquisition for $360 million, in order to take the company public, he was then presented as the company’s CEO and president, responsible for the company`s business from design, and branding to advertising. His campaigns attracted positive critiques, however, it also attracted negative publicity, and a few lawsuits against the company, including from Woody Allen for the billboard of Annie Hall, which cost the company $5 million.

The company soon started to fall behind in its profits, and Dov`s net worth plummeted as well. The stock`s worth was in decline, but Dov didn`t want to sell his shares, instead he asked for a loan from Standard General in order to buy more shares of the American Apparel. Anyway, Dov was eventually fired as CEO and president, leaving the company with empty pockets. He now has less than $100,000 and is apparently sleeping at his friend`s apartment.

He tried to sue American Apparel later for $80 million in total, but all of his lawsuits have so far been rejected.

It was reported recently that several thousand workers of AA have signed a petition for Dov`s return to the company, however, no further reports have been made.

When it comes to his personal life, it is known in the media that Dov Charney has been involved in several sexual harassment cases, which are still progressing.



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