Fashion Nova's Founder and Ceo Richard Saghian

RICHARD Saghian is a millionaire entrepreneur who founded the fast fashion empire, Fashion Nova.

Style Nova has attracted a catalog of celebrity endorsements and attracted millions of social media followers.

Who is Richard Saghian?

Richard Saghian is the chief executive of Fashion Nova.

Built-in January 31, 1982, Saghian is xl years old.

Fashion Nova is a fast-fashion company and a social media miracle that has achieved rapid growth through its work with influencers and its speed at delivering tendency-led pieces.

He founded Fashion Nova in 2006 equally a chain of stores selling low-toll "clubwear" and apparel in Los Angeles-area malls.

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Saghian launched the e-commerce site in 2013.

The company rapidly became a cult hitting, catering to all body types and ethnicities.

Way Nova counts over 20million followers across its Instagram accounts.

Around two,000 influencers — including Cardi B, Kylie Jenner, Khloe Kardashian, and Nicki Minaj — create roughly 6,000 pieces of content most the brand each month.

On March 6, 2022, the Los Angeles Times reported that Saghian purchased "The One" mega-mansion in Los Angeles.

The CEO himself confirmed to the outlet that he spent $141million to buy the lavish LA mansion.

"The Ane Bel-Air is a one time-in-a-lifetime holding that tin never be duplicated. There is nothing else similar it. Every bit a lifelong Angeleno and avid collector of real estate, I recognized this as a rare opportunity that also lets me own a unique property that is destined to exist a office of Los Angeles history," Saghian said in an emailed statement to the outlet.

He owns 2 other homes in Southern California: a Malibu embankment house that he purchased from Netflix CEO Ted Sarandos last year for $14.7million and a home in the Hollywood Hills that he bought for $17.5million in 2018.

What is his internet worth?

Saighan is reportedly worth $50million according to MD Daily Record.

Fashion Nova's cardinal success is thanks to its social media marketing.

The brand's Instagram folio attracted about a million followers a month.

"All the noesis I gained from having brick and mortar stores, I utilized for the website. Beingness able to listen firsthand to my customers gave me information of what women wanted, what was missing, and what was needed," Saghian told Paper.

"I realized early on, getting into the minds of my customers is what helped me grow. I don't think I would've been able to practice it without all my retail experience from the brick and mortar days to the east-comm days."

The value of Fashion Nova's social media exposure is more than that of H&M and Zara combined.

Fashion Nova works with over 1,000 manufacturers to release approximately 600-900 new styles a week.

The pieces are more often than not manufactured in Los Angeles, just the brand also works with Chinese vendors.