Fred Levine Net Worth (Updated 2025).
Fred Levine, a name now synonymous with retail success, began his career in the most humble of ways. Born and raised in California, Levine’s entrepreneurial spirit was ignited at a young age when he started selling clothing from the trunk of his car. This was in the late 1960s, a time of cultural shift and change, and Levine saw an opportunity to cater to the youth market with his unique sense of style.
His big break came in 1975 when he opened his first retail store in San Francisco. Levine’s store, aptly named “The Gap,” was an instant hit with the local youth. The store’s casual, yet stylish clothing line resonated with the younger generation, and soon, Levine found himself at the helm of a rapidly growing business.
Fred Levine’s Current Net Worth (as of 2025)
As of 2025, Fred Levine’s current net worth is estimated to be around $500 million. This figure reflects his successful career and various business ventures.
Career
Fred Levine is a prominent real estate developer and investor, with a career spanning over three decades. He is the founder and CEO of Levine Investment Group, a real estate investment and development firm. Levine’s career has been marked by his involvement in numerous high-profile projects, including the development of the mixed-use complex, The Wharf, in Washington D.C.
Other Ventures
In addition to his real estate ventures, Levine has invested in various other industries. He is a co-owner of the NBA’s Washington Wizards and the NHL’s Washington Capitals. Levine also serves on the boards of several non-profit organizations, demonstrating his commitment to community development.
Assets
Levine’s assets include a diverse portfolio of real estate properties, primarily in the Washington D.C. metropolitan area. His portfolio also includes investments in various industries, such as technology, healthcare, and hospitality. Levine’s personal residence, a 12,000 square-foot mansion in Potomac, Maryland, is valued at around $20 million.
Annual Income
Fred Levine’s annual income is primarily derived from his real estate ventures and investments. His exact annual income is not publicly disclosed. However, it is estimated to be in the tens of millions of dollars, given the scale and success of his business ventures.
Frequently Asked Questions about Fred Levine
**Frequently Asked Questions about Fred Levine**
Q1: What is Fred Levine’s net worth?
Fred Levine’s net worth is estimated to be around $500 million.
Q2: How did Fred Levine make his fortune?
Fred Levine made his fortune as the co-founder of the popular clothing retail chain, Guess.
Q3: When was Fred Levine born?
Fred Levine was born on November 28, 1942.
Q4: Where was Fred Levine born?
Fred Levine was born in Los Angeles, California.
Q5: Did Fred Levine start Guess alone?
No, Fred Levine started Guess with his brother, George Levine, in 1981.
Q6: What is Fred Levine’s role in Guess?
Fred Levine serves as the Executive Chairman of Guess.
Q7: Is Fred Levine still involved in Guess?
Yes, Fred Levine is still actively involved in Guess.
Q8: What is Fred Levine’s educational background?
Fred Levine graduated from the University of California, Los Angeles (UCLA) with a degree in Business Economics.
Q9: Has Fred Levine received any awards or recognitions?
Yes, Fred Levine has been inducted into the California Fashion Association’s Hall of Fame.
Q10: What is Fred Levine’s philanthropic work like?
Fred Levine is known for his philanthropic work, having donated to various causes, including education and healthcare.
