Forever 21 Net Worth (Updated 2025).

Forever 21, a household name in the fashion retail industry, was founded in 1981 by Do Won Chang, a Korean immigrant, and his wife, Jin Sook. The couple, with limited resources but a big dream, opened their first store in Los Angeles, California. The store was initially named “Fashion 21,” a nod to the 21 styles they aimed to offer for $21 or less, targeting young women who wanted to stay trendy without breaking the bank.

In the early years, Forever 21’s growth was slow but steady. However, a breakthrough came in the mid-1990s when the company adopted a fast-fashion model, similar to European retailers like Zara and H&M. This strategy involved rapidly producing and selling trendy clothing at low prices, keeping up with the latest styles and quickly replacing them with new ones. This approach resonated with young shoppers, and Forever 21 began to expand rapidly, becoming a symbol of affordable, on-trend fashion.

Forever 21’s Current Net Worth (2025)

As of 2025, Forever 21’s current net worth is estimated to be around $1 billion, according to the latest available information. This significant figure reflects the company’s resilience and continued popularity in the fast-fashion retail industry.

Forever 21’s Career

Founded in 1984 by Do Won Chang, Forever 21 has grown from a single store in Los Angeles to a global fashion retailer with over 800 stores in 57 countries. The company is renowned for its trendy, affordable clothing, targeting young women and men.

Other Ventures

In addition to its core clothing business, Forever 21 has ventured into other retail formats. In 2015, it launched Forever 21 Men, a standalone men’s store, and in 2018, it introduced Forever 21 Plus, catering to plus-size customers. The company also operates Forever 21 Beauty, offering a range of cosmetics and accessories.

Assets

Forever 21’s assets include its extensive retail store network, distribution centers, and intellectual property, such as its brand name and trademarks. The company also holds significant inventory, including clothing, accessories, and beauty products, which are sold across its stores and online platforms.

Annual Income

Forever 21’s annual income has fluctuated over the years. In its peak years, the company generated over $4 billion in annual sales. However, due to recent restructuring and store closures, its annual income has decreased. In 2021, the company reported an annual income of approximately $2 billion, according to industry estimates.

Frequently Asked Questions about  Forever 21

Frequently Asked Questions: Forever 21 Net Worth

1. What is Forever 21’s net worth?

Forever 21’s net worth is estimated to be around $4 billion.

2. When was Forever 21 founded?

Forever 21 was founded in 1981 by Do Won Chang and Jin Sook Chang.

3. Where is Forever 21 headquartered?

Forever 21 is headquartered in Los Angeles, California.

4. How many stores does Forever 21 have worldwide?

As of 2021, Forever 21 has over 800 stores in 57 countries.

5. Who are the founders of Forever 21?

The founders of Forever 21 are Do Won Chang and Jin Sook Chang.

6. What is the target market for Forever 21?

Forever 21’s target market is primarily young women, aged 15 to 25, but they also cater to a broader range of customers.

7. What are the main products sold by Forever 21?

Forever 21 sells a wide range of clothing, accessories, and shoes for men, women, and children. They also have a plus-size line called “Love & Torrid” and a beauty line called “Forever 21 Beauty.”

8. Why is it called Forever 21?

The name “Forever 21” reflects the founders’ hope that their store would last forever, and that customers would feel like they’re 21 years old every time they shop there, referring to the youthful and energetic vibe of the store.

9. What happened to the Forever 21 store on Hollywood Boulevard?

The Forever 21 store on Hollywood Boulevard, known for its iconic two-story flagship location, closed in 2020 as part of the company’s bankruptcy and restructuring process.

10. How has the COVID-19 pandemic affected Forever 21?

The COVID-19 pandemic has significantly impacted Forever 21, leading to the closure of some stores and a shift towards online sales. However, the company has also seen an increase in online traffic and sales during this period.