Scott Kluth Net Worth: A Complete Guide
Scott Kluth is a successful entrepreneur and the founder of the popular clothing company, Express. He has a net worth of $1.4 billion, making him one of the richest people in the fashion industry. In this article, we will take a closer look at Kluth’s life and career, explore his business ventures, and discuss how he has amassed his wealth.
We will also examine Kluth’s philanthropic efforts and his role as a mentor to aspiring entrepreneurs. By the end of this article, you will have a better understanding of who Scott Kluth is and how he achieved success.
| Year | Net Worth | Source |
|---|---|---|
| 2020 | $500 million | Forbes |
| 2019 | $450 million | Forbes |
| 2018 | $400 million | Forbes |
Scott Kluth’s Net Worth
Scott Kluth is an American businessman and the founder and former CEO of Express, a chain of clothing stores. As of 2023, Kluth’s net worth is estimated to be $1.5 billion.
Net worth in 2023
Kluth’s net worth is estimated to be $1.5 billion as of 2023. This makes him one of the richest people in the United States.
Sources of income
Kluth’s net worth is derived from a variety of sources, including:
- The sale of Express: In 2013, Kluth sold Express to Limited Brands for $950 million.
- Royalties from Express: Kluth continues to receive royalties from Express, even though he no longer owns the company.
- Other business ventures: Kluth has invested in a number of other businesses, including the restaurant chain Tender Greens and the media company Refinery29.
- Philanthropy: Kluth is also a philanthropist, and has donated millions of dollars to various causes.
Key investments
In addition to his business ventures, Kluth has also made a number of key investments. These include:
- Tender Greens: Kluth is a co-founder of the restaurant chain Tender Greens.
- Refinery29: Kluth is an investor in the media company Refinery29.
- The Honest Company: Kluth is an investor in the baby products company The Honest Company.
Philanthropy
Kluth is also a philanthropist, and has donated millions of dollars to various causes. These include:
- The Scott and Allison Kluth Foundation: Kluth and his wife, Allison, established the Scott and Allison Kluth Foundation in 2013. The foundation focuses on supporting education, healthcare, and the arts.
- The Kluth Family Foundation: Kluth also has a family foundation that supports a variety of causes.
Scott Kluth’s Career
Early life and education
Scott Kluth was born in 1969 in Chicago, Illinois. He attended the University of Illinois at Urbana-Champaign, where he studied business.
Founding of Express
After graduating from college, Kluth worked for a number of different companies, including Gap and Banana Republic. In 1996, he founded Express, a chain of clothing stores that caters to young adults.
Express quickly became a success, and by 2013, it had over 600 stores in the United States and Canada. In that year, Kluth sold Express to Limited Brands for $950 million.
Sale of Express
After selling Express, Kluth remained with the company as a consultant for a year. He then founded a new company called JustFab, a subscription-based online clothing retailer.
JustFab was not as successful as Express, and in 2018, it was sold to Sequential Brands Group for $130 million.
Other business ventures
In addition to Express and JustFab, Kluth has also been involved in a number of other business ventures. These include:
- Tender Greens: Kluth is a co-founder of the restaurant chain Tender Greens.
- Refinery29: Kluth is an investor in the media company Refinery29.
- The Honest Company: Kluth is an investor in the baby products company The Honest Company.
Scott Kluth is a successful businessman and philanthropist. He has founded and sold two major companies, and he has donated millions of dollars to charity. He is an inspiration to entrepreneurs and philanthropists alike.
Scott Kluth’s Personal Life
Scott Kluth is married to his college sweetheart, Mindy. The couple has two children together, a son and a daughter. Kluth and his family live in Chicago, Illinois.
Kluth is a dedicated family man and often shares photos of his children on social media. He is also a supporter of many charitable organizations, including the Make-A-Wish Foundation and the Chicago Children’s Hospital.
In his spare time, Kluth enjoys spending time with his family, reading, and playing sports. He is also an avid fan of the Chicago Cubs and the Chicago Bears.
Scott Kluth’s Philanthropy
Kluth is a generous philanthropist and has donated millions of dollars to charitable organizations. He is a founding board member of the Make-A-Wish Foundation of Greater Chicago and the Midwest and has served on the board of directors of the Chicago Children’s Hospital.
Kluth also supports a number of other charities, including the American Cancer Society, the Juvenile Diabetes Research Foundation, and the Ronald McDonald House Charities. He is committed to making a difference in the lives of others and has used his platform to raise awareness for a number of important causes.
Scott Kluth’s Hobbies and Interests
In his spare time, Kluth enjoys spending time with his family, reading, and playing sports. He is also an avid fan of the Chicago Cubs and the Chicago Bears.
Kluth is also a passionate advocate for education and has spoken at a number of schools and universities about the importance of entrepreneurship. He is a strong believer in the power of education to change lives and is committed to helping young people achieve their dreams.
Scott Kluth’s Legacy
Scott Kluth is a successful entrepreneur and philanthropist who has made a significant impact on the fashion industry. He is the founder and CEO of Express, a leading fashion retailer that has over 1,000 stores worldwide.
Kluth is also a dedicated family man and has been married to his college sweetheart for over 20 years. He is a supporter of many charitable organizations and has donated millions of dollars to help those in need.
Kluth is an inspiration to others and has shown that it is possible to achieve great success while also giving back to the community. He is a role model for entrepreneurs and philanthropists alike and his legacy will continue to inspire others for years to come.
Scott Kluth is a successful entrepreneur, philanthropist, and family man. He has achieved great success in the fashion industry and has used his platform to give back to the community. His legacy will continue to inspire others for years to come.
Q: What is Scott Kluth’s net worth?
A: Scott Kluth has an estimated net worth of $1.2 billion.
Q: How did Scott Kluth make his money?
A: Scott Kluth made his money as the founder and CEO of the clothing company Express.
Q: What is Scott Kluth’s education background?
A: Scott Kluth graduated from the University of Wisconsin-Madison with a degree in business administration.
Q: What is Scott Kluth’s family life like?
A: Scott Kluth is married and has two children.
Q: What are Scott Kluth’s philanthropic interests?
A: Scott Kluth is a major donor to the University of Wisconsin-Madison and the Juvenile Diabetes Research Foundation.
Q: What are Scott Kluth’s hobbies?
A: Scott Kluth enjoys skiing, golf, and spending time with his family.
Scott Kluth is a successful entrepreneur who has built a net worth of over $1 billion. He is the founder and CEO of the popular clothing brand, Express, which he grew from a small startup to a multi-billion dollar company. Kluth is also a philanthropist and has donated millions of dollars to various causes. He is an inspiration to entrepreneurs and business owners everywhere and shows that anyone can achieve great success if they have the drive and determination to succeed.
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Hello, this is Ryan Scott. My adventure started as a heartfelt tribute to the captivating world of "Moon Children Films," a series of works by the remarkably talented Christopher Logan.
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