How Much is Sophia Amoruso Worth?
They say, to start your own business, you should have a fresh idea at first. But very often a person, who can generate new ideas, is not a good manager at the same time. Thus the project, which starts successfully, can go bust within year. The same thing happened to Sophia Amoruso start-up “Nasty Gal”.
In 2017 Sophia Amoruso net worth is less than $50 million. But several years earlier “Forbes” estimated the young woman’s wealth at astonishing $280 million and included her in the list of the richest self-made women.
It is interesting to know, that Amoruso doesn’t come from a rich family. She has never been a brilliant pupil and can’t boast with great education.
Sophia’s net worth started to grow in 2006, when the girl opened an internet store at eBay. She named it Nasty Gal Vintage (after the album of her favorite singer Betty Davis). Amoruso sold vintage clothes and accessories, which she bought in second-hands and flea markets. The girl, who had great taste and some experience in photography, created unique images and demonstrated it at eBay with the help of self-taught models – her friends.
Soon Nasty Gal turned into a profitable venture. Amoruso was surprised even herself, when she sold an old Chanel jacket per $1, 500, which she had previously bought for $20. In 2008 the young entrepreneur earned $100, 000 from eBay selling.
That very year Sophia left eBay. She announced it was her own decision as she didn’t like the service there. According to other source, the business lady was banned for fraud bids and feedback.
In any case in 2008 Nasty Gal clothes were sold from the independent site.
In 2012 Sophia Amoruso caught attention of Forbes analysts for the first time. The self-made millionaire had a fast-developing start-up. Nasty Gal widened its borders to new high-fashion clothes. In 2013 Amoruso opened the first off-line shop at Melrose Avenue in LA. Sophia was impressed, when she discovered, that Nasty Gal have become popular among Hollywood stars, like Britney Spears and Christina Aguilera.
But soon Nasty Gal started to lose its position. Several companies sued Amoruso for stealing their designers’ ideas. Sophia left the post of companies CEO in 2015. Soon after that she got sad news – Nasty Gal owns a huge debt. The young entrepreneur filed for bankruptcy. Now the company is looking for a sponsor, who will save it.