Balenciaga net worth is estimated to be more than $90 million. Balenciaga is a luxury fashion house founded by Cristobal Balenciaga, a Spanish designer. It was founded in San Sebastian, Spain, in 1919. Later, the luxury fashion house was acquired by Kering, which is a French luxury group.
|Balenciaga Net Worth||More than $90 million|
|Founded in||1919 (103 years ago)|
|Current headquarters||Paris, France|
|Number of employees||About 1,325|
Balenciaga’s net worth is estimated to be more than $90 million.
Balenciaga Founder and History
Balenciaga’s founder was Cristobal Balenciaga, who founded the luxury fashion house in 1919 in San Sebastian, Spain. Born on 21st January 1895 in Spain, Cristobal Balenciaga was trained in tailoring as a young boy in Madrid.
In 1919, Cristobal Balenciaga opened his first boutique in San Sebastian, Spain. Soon, the branches of this boutique expanded to Barcelona and Madrid. Famously, the Spanish royal family and the aristocracy preferred wearing designs by Balenciaga. However, Cristobal Balenciaga had to shut down his stores in Spain due to the Spanish Civil War.
Balenciaga then moved to France, where the boutique flourished. Cristobal Balenciaga’s designs were considered revolutionary and highly sought-after. Various presses in France at the time praised his designs, attracting more people at the time to the luxury fashion house.
Balenciaga had such a great reputation then that many people traveled in very risky conditions to Paris during the Second World War to catch a glimpse of Balenciaga’s designs and clothing. Balenciaga was also one of the few companies allowed to operate during the Nazi occupation of France.
Though, it was only after the world war that Cristobal Balenciaga unleashed a wave of astounding creativity through his mesmerizing designs. Cristobal designed various new forms of clothing that became widely famous in no time.
Cristobal Balenciaga breathed his last on 23rd March 1972. He died in Xabia, Spain, and was 77 years old when he passed away.
Balenciaga is still one of the most popular brands in the world. According to surveys, customers search for products and items of this brand more than any other brand. The brand has also been a leading one in the industry for quite a while.
Balenciaga currently owns more than 180 stores around the world. Its products are known to be expensive and top-notch as the brand uses the best materials to make its products. Despite the high pricing of its products, demands have been increasing for Balenciaga’s products.
Many celebrities have been seen wearing Balenciaga’s products. Thus, people wearing Balenciaga’s products are considered to have a high status and superior taste in fashion.