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Richard Saghian Wife, Net Worth, Children, Fashion Nova Owner, Age, House

Who is Fashion Nova Owner Richard Saghian?

Richard Saghian is an American businessman well known as the chief executive officer of Fashion Nova. Fashion Nova is a fast-fashion company that has achieved rapid growth through its work with influencers’ Instagram accounts and its speed at delivering trend-led pieces.

Saghian, who was born in California has both Iranian and American descent. He grew up helping out in the women’s retail stores his father owned, learning the ropes up close, and envisioning his future in the industry. He worked during his summers.

Richard Saghian Age

Saghian is  40 years old as of 2022. She was born on January 31, 1982, in Armenia.

Richard Saghian Parents

Saghian was born and raised by his parents in California. His parents are Iranian immigrants. He used to help his father with his businesses when he was young which build up his entrepreneurial culture.

Saghian studied at California State University Northridge. He dropped out of college and began selling clothes.

Richard Saghian Wife

As a public figure and successful businessman, Saghian shys away from revealing his personal life. His wife, girlfriend, or partner has never been known to the public.

Height

Saghian stands at a height of 6 feet. (182 cm).

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Richard Saghian Net Worth

Saghian has not revealed his net worth information yet. He is a simple person and never likes to attract public attention by flashing his wealth. The CEO said Fashion Nova made A 600% profit in 2018 meaning they made more money than when he started the online business in 2014.

He is able to pay influencers like Kylie Jenner and Amber Rose from the profits accrued in his tenure as the CEO of Fashion Nova, meaning that his company is a lot worth of money.

He refused to mention the exact figures but we can assume a 600% profit is worth a lot of money. We will update you when details about his net worth are revealed.

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Richard Saghian Fashion Nova

Fashion Nova is a fast-fashion company that has achieved rapid growth through its work with influencers, Instagram account, and its speed at delivering trend-led pieces.

Richard founded his business in 2006 in Los Angeles around malls selling his clothes at a lower price than other designer brands. The first Fashion Nova shop that he launched in 2006 was at the Panorama Mall in California.

He decided to grow his business and moved it online to Instagram with the help of influencers.

Saghian said during an interview that being able to listen firsthand to his customers gave him information about what women wanted, what was missing, and what was needed. He realized early on that getting into the minds of his customers is what helped him grow.

Before his brand grew big on Instagram, he had only 60,000 followers which made him skeptical about opening the e-commerce site. At that time Instagram was growing with models of curvaceous bodies being popular.

He decided to create a brand that would cater to women’s clothes with different styles at a lower price.

His brand grew through Instagram influencers and celebrities posting wearing the FashionNova outfits and convincing their fans to purchase the clothes using their personalized codes. FashionNova has now over 16 million followers and over 49k posts.

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Richard Saghian House

Saghian bought a Hollywood Hills mansion secretly off-market deal for $17.5 million. There was no evidence of a mortgage in public records meaning he paid in cash. The mansion was sold to him by Tim Bergling’s (Avicci) Estate in a secret deal.

The house is located on Bird Streets street: Blue Jay Way,  The Bird Street has long been the most desirable and most expensive area of the Hollywood Hills.

They sit just east of Beverly Hills and directly overlook the Sunset Strip and the city of West Hollywood. These are the pictures of the house from 2013 when the initial buyer owned it.

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