Jennifer Hyman Net Worth (Updated 2025).

Jennifer Hyman, a prominent figure in the fashion industry, began her career in the early 2000s, initially working in corporate finance for various companies. Born and raised in New York City, Hyman’s entrepreneurial spirit was evident from an early age. After graduating from Harvard Business School, she honed her skills in the fast-paced world of finance, eventually leading her to co-found Rent the Runway, a revolutionary fashion startup.

In 2009, Hyman and her co-founder, Jennifer Fleiss, launched Rent the Runway, an online platform that allows women to rent designer clothing and accessories for a fraction of the retail price. The idea was born out of Hyman’s own frustration with the high cost of special occasion attire. She realized that many women, like herself, wanted to wear designer clothing without the hefty price tag or the commitment of purchasing it. This innovative business model quickly gained traction, catapulting Hyman into the spotlight and making her a household name in the fashion industry.

Jennifer Hyman’s Current Net Worth (2025)

As of 2025, Jennifer Hyman’s net worth is estimated to be approximately $500 million. This significant wealth is primarily attributed to her successful co-founding and leadership role in the fashion rental company, Rent the Runway.

Career

Jennifer Hyman, born in 1979, is a prominent American businesswoman and entrepreneur. She co-founded Rent the Runway in 2009 with Jennifer Fleiss, serving as the CEO since its inception. Under her leadership, the company has grown into a leading online destination for luxury fashion, offering designer dresses and accessories for rent.

Other Ventures

Besides Rent the Runway, Hyman has ventured into other business endeavors. She is a co-founder and former chairperson of the board of the fashion resale platform, Poshmark. Additionally, she has invested in various startups through her venture capital firm, BBG Ventures, focusing on consumer internet and marketplace companies.

Assets

Hyman’s assets include a significant stake in Rent the Runway, which raised over $540 million in funding as of 2021. She also owns real estate, including a luxury apartment in New York City. Her personal fashion collection, accumulated through her years in the industry, is another notable asset.

Annual Income

As the CEO of Rent the Runway, Jennifer Hyman’s annual income is substantial. In 2020, her total compensation was reported to be around $1.5 million, including her salary, stock awards, and other compensation. However, her income can fluctuate based on the company’s performance and stock value.

Frequently Asked Questions about  Jennifer Hyman

Frequently Asked Questions about Jennifer Hyman

1. What is Jennifer Hyman’s net worth?

Jennifer Hyman’s net worth is estimated to be around $200 million.

2. How did Jennifer Hyman make her fortune?

Jennifer Hyman co-founded the online clothing rental service, Rent the Runway, in 2009. She served as the CEO until 2021 and has been the Chief Product Officer since then.

3. What is Jennifer Hyman’s background?

Jennifer Hyman graduated from Harvard Business School in 2008 with an MBA. She also has a BA in English from Magdalen College, Oxford, where she was a Rhodes Scholar.

4. What inspired Jennifer Hyman to start Rent the Runway?

Hyman was inspired to start Rent the Runway after struggling to find an affordable dress for her brother’s wedding. She realized there was a market for women who wanted to wear high-end designer clothes without the high price tag.

5. When was Rent the Runway founded?

Rent the Runway was founded in November 2009.

6. Who is Jennifer Hyman’s co-founder at Rent the Runway?

Jennifer Hyman’s co-founder at Rent the Runway is Jennifer Fleiss.

7. What awards has Jennifer Hyman won?

Jennifer Hyman has been recognized with numerous awards, including being named to the Time 100 list in 2016, Fortune’s “40 Under 40” in 2015, and Fast Company’s “Most Creative People in Business” in 2014.

8. What is Jennifer Hyman’s role at Rent the Runway currently?

As of 2021, Jennifer Hyman serves as the Chief Product Officer at Rent the Runway.

9. Has Jennifer Hyman written any books?

Yes, Jennifer Hyman co-authored the book “Rebooting Fashion: A Revolution in Retail” with her co-founder Jennifer Fleiss, which was published in 2017.

10. What is Jennifer Hyman’s philanthropic work like?

Jennifer Hyman is involved in various philanthropic efforts, including serving on the board of the non-profit organization DonorsChoose and supporting initiatives focused on women’s empowerment and education.