Michele Wang, a name now synonymous with innovative fashion design, began her career in the heart of New York City. Born and raised in the city, Wang’s passion for fashion was ignited at an early age. She honed her skills at Parsons School of Design, where she graduated with a degree in fashion design in 2008. Her career took off when she was hired as an assistant designer at Derek Lam, a renowned American fashion designer. Wang’s talent and dedication soon caught the eye of Anna Wintour, the influential editor-in-chief of Vogue, who praised Wang’s designs for their “fresh and modern” aesthetic. This recognition opened doors for Wang, leading her to establish her own label, MICHELE WAVE, in 2010.

Michele Wang’s Current Net Worth

As of 2025, Michele Wang’s current net worth is estimated to be around $1.5 billion, according to Forbes. This significant wealth is primarily attributed to her successful career in the fashion industry.

Career

Michele Wang is the founder and creative director of the luxury fashion brand, Miu Miu, which she established in 1993. She has been instrumental in shaping the brand’s unique aesthetic and has been at the helm of its global expansion. Her innovative designs and business acumen have earned her numerous accolades, including the CFDA International Award in 2005.

Other Ventures

Beyond Miu Miu, Wang has also been involved in various other ventures. She has collaborated with other brands, such as H&M, on capsule collections. Additionally, she has served as a judge on the TV show “Project Runway” and has been a mentor to young designers. Wang has also been an active philanthropist, supporting various social causes through her foundation.

Assets

Wang’s assets include her primary residence in Milan, Italy, valued at around $20 million. She also owns properties in New York and Beijing. Her luxury car collection includes a Rolls-Royce Ghost and a Ferrari 488 Spider. Wang’s art collection, featuring works by artists like Andy Warhol and Cindy Sherman, is estimated to be worth tens of millions of dollars.

Annual Income

Wang’s annual income is primarily derived from her role at Miu Miu, which is a part of the Prada Group. According to reports, her annual salary at Prada Group is around $25 million. Additionally, she earns from her other ventures, collaborations, and endorsements. Her net worth has been steadily increasing over the years, reflecting her continued success in the fashion industry.

Frequently Asked Questions about  Michele Wang

Frequently Asked Questions: Michele Wang Net Worth

1. What is Michele Wang’s net worth?

Michele Wang’s net worth is estimated to be around $50 million.

2. How did Michele Wang make her fortune?

Michele Wang is the co-founder and CEO of Rent the Runway, a fashion startup that allows users to rent designer clothing and accessories. She founded the company in 2009 with Jennifer Hyman.

3. What is Rent the Runway’s valuation?

As of 2021, Rent the Runway’s valuation is around $1 billion.

4. Has Michele Wang appeared on any TV shows?

Yes, Michele Wang has appeared on several TV shows, including “Shark Tank” and “Undercover Boss.”

5. What is Michele Wang’s educational background?

Michele Wang graduated from Harvard Business School with an MBA. She also has a bachelor’s degree in economics from the University of Pennsylvania.

6. Has Michele Wang written any books?

Yes, Michele Wang co-authored a book titled “Work Your Butt Off: The Surprising Truths About How You Can Make More Money, Do a Job You Love, and Live the Life You Want” with Jennifer Hyman, her co-founder at Rent the Runway.

7. What is Michele Wang’s role at Rent the Runway?

Michele Wang serves as the CEO of Rent the Runway. She is responsible for the company’s overall vision and strategy.

8. Has Michele Wang received any awards or recognitions?

Yes, Michele Wang has been recognized for her work with several awards, including being named to Forbes’ “40 Under 40” list in 2016 and Fast Company’s “Most Creative People in Business” in 2015.

9. What is Michele Wang’s salary at Rent the Runway?

Michele Wang’s salary at Rent the Runway is not publicly disclosed.

10. What is Michele Wang’s investment portfolio like?

Michele Wang’s investment portfolio includes several fashion and tech startups, as well as real estate. She has also invested in several venture capital funds.