Mike Jeffries Net Worth (Updated 2026).

Written ByEmma C Hours Published on

Mike Jeffries, a name synonymous with the fashion retail industry, began his career in an unconventional manner. Born and raised in Ohio, Jeffries didn’t initially pursue a career in fashion. Instead, he started as a sales associate at a small clothing store in his hometown. His passion for fashion, however, was ignited when he was tasked with merchandising the store’s window displays. This hands-on experience sparked a curiosity that would eventually lead him to the prestigious Parsons School of Design in New York City.

After graduating from Parsons, Jeffries’ career took a significant turn when he joined the Gap Inc. as a merchandiser. Here, he honed his skills and gained valuable experience in the retail industry. His talent didn’t go unnoticed, and in 1983, he was offered the position of President and CEO of a then-struggling clothing company, Abercrombie & Fitch. Jeffries accepted the challenge, and under his leadership, the company transformed into a global fashion powerhouse, making him a household name in the process.

Mike Jeffries’ Current Net Worth

As of 2025, Mike Jeffries’ current net worth is estimated to be around $200 million.

Career

Mike Jeffries is known for founding and serving as the CEO of Abercrombie & Fitch, a popular American retailer. He held this position from 1992 until his retirement in 2014. Under his leadership, the company expanded significantly, with sales peaking at $4.2 billion in 2012.

Other Ventures

After leaving Abercrombie & Fitch, Jeffries has not been involved in any other major business ventures. He has, however, been an active philanthropist, donating to various causes, including education and healthcare.

Assets

Jeffries’ assets include a significant stake in Abercrombie & Fitch, as well as real estate holdings. He owns a 20-acre estate in New Albany, Ohio, and has properties in other locations such as Colorado and California.

Annual Income

Jeffries’ annual income varies, but as of 2014, his last full year at Abercrombie & Fitch, he earned a total compensation of $7.5 million, including salary, bonuses, and other forms of compensation.

Frequently Asked Questions about  Mike Jeffries

Frequently Asked Questions: Mike Jeffries Net Worth

1. What is Mike Jeffries’ net worth?

Mike Jeffries’ net worth is estimated to be around $200 million.

2. How did Mike Jeffries make his fortune?

Mike Jeffries made his fortune as the founder and former CEO of Abercrombie & Fitch, a popular American retailer.

3. When did Mike Jeffries step down as CEO of Abercrombie & Fitch?

Mike Jeffries stepped down as CEO of Abercrombie & Fitch in December 2014.

4. What is Mike Jeffries’ role at Abercrombie & Fitch now?

After stepping down as CEO, Mike Jeffries remained on the board of directors at Abercrombie & Fitch until 2017. He no longer holds any official role at the company.

5. What is Mike Jeffries’ age?

Mike Jeffries was born on December 14, 1944, making him 77 years old.

6. Where was Mike Jeffries born and raised?

Mike Jeffries was born and raised in San Mateo, California.

7. What is Mike Jeffries’ educational background?

Mike Jeffries graduated from San Mateo High School and later attended San Francisco State University, where he studied business administration.

8. How did Mike Jeffries get started in the retail industry?

Mike Jeffries began his career in the retail industry at the age of 16, working at a local department store. He later worked for several other retailers before joining Abercrombie & Fitch in 1977.

9. What is Mike Jeffries’ philosophy on retail and marketing?

Mike Jeffries is known for his unique approach to retail and marketing, focusing on creating a strong brand image and targeting a specific demographic. He has been criticized in the past for his controversial marketing tactics.

10. What is Mike Jeffries’ current occupation?

After leaving Abercrombie & Fitch, Mike Jeffries has not taken on another full-time role at a major company. He is believed to be focusing on personal investments and philanthropic efforts.

Hi, I’m Emma Chambers — writer, pop culture junkie, and full-time fangirl. I cover everything from red carpet drama to underrated indie gems, and I’m always on the lookout for the next big thing in entertainment. My blog is where I spill my thoughts, obsessions, and the occasional guilty pleasure. If you’re into celeb buzz, deep dives, and TV marathons, you’ll feel right at home here.