Greg Chait Net Worth (Updated 2026).
Greg Chait, a name synonymous with luxury and comfort in the fashion industry, began his career in an unconventional yet impactful way. Born and raised in Los Angeles, Chait didn’t follow the typical path of attending fashion school or interning at high-end fashion houses. Instead, he honed his skills and passion for design while working at his family’s clothing store, The Limited Too, during his teenage years.
His big break came in 2003 when he founded his first company, Koral, a women’s activewear brand. Chait’s innovative approach to design and his ability to anticipate and cater to the evolving needs of women consumers quickly propelled Koral to success. However, it was in 2012 that he truly made his mark on the fashion world. After selling Koral, Chait launched Theory 11, a luxury clothing brand that specializes in high-quality, meticulously crafted cashmere sweaters. The brand’s unique selling proposition – offering a wide range of colors and sizes to cater to diverse customer preferences – quickly gained traction, making Greg Chait a household name in the fashion industry.
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Greg Chait’s Current Net Worth (2025)
As of 2025, Greg Chait’s estimated net worth stands at $100 million, according to the latest available information.
Career
Greg Chait is the founder and former CEO of The Elder Statesman, a luxury cashmere brand. He launched the company in 2007, focusing on high-quality, timeless designs. Under his leadership, the brand gained significant traction in the fashion industry, and he stepped down as CEO in 2021.
Other Ventures
After leaving The Elder Statesman, Chait ventured into real estate. He co-founded a real estate development company, focusing on luxury residential projects in California. Additionally, he has invested in several tech startups, demonstrating his diversified interests.
Assets
Chait’s assets include a significant stake in The Elder Statesman, several luxury properties in California, and a portfolio of investments in tech startups. His real estate holdings are estimated to be worth tens of millions of dollars.
Annual Income
Greg Chait’s annual income varies due to his diverse business interests. However, as of 2025, it is estimated to be around $10 million, primarily from his real estate ventures and investments.
Frequently Asked Questions about Greg Chait
**Frequently Asked Questions: Greg Chait Net Worth**
1. **What is Greg Chait’s net worth?**
Greg Chait’s net worth is estimated to be around $100 million.
2. **How did Greg Chait make his fortune?**
Greg Chait made his fortune as the co-founder and former CEO of the luxury fashion brand Theory.
3. **When was Theory founded?**
Theory was founded in 1997.
4. **Who are the other co-founders of Theory?**
Andrés and Sharon Seagal are the other co-founders of Theory.
5. **When did Greg Chait step down as CEO of Theory?**
Greg Chait stepped down as CEO of Theory in 2018.
6. **What does Greg Chait do now?**
After leaving Theory, Greg Chait has been involved in various investments and philanthropic efforts.
7. **Is Greg Chait married?**
Yes, Greg Chait is married. He married his wife, Jennifer, in 2006.
8. **Do Greg Chait and his wife have any children?**
Yes, Greg Chait and his wife have two children together.
9. **Where does Greg Chait live?**
Greg Chait resides in New York City.
10. **What is Greg Chait’s philanthropic work?**
Greg Chait is involved in various philanthropic efforts, including supporting the Council of Fashion Designers of America (CFDA) and the Breast Cancer Research Foundation.
