Richard Saghian Net Worth (Updated 2025).
Richard Saghian, born and raised in Los Angeles, California, began his entrepreneurial journey at a young age. While still a student at the University of Southern California, he recognized a gap in the market for affordable, high-quality fashion. In 2010, with a mere $25,000 in savings and a passion for business, Saghian launched his first retail store, Fashion Nova, in the heart of Los Angeles.
Fashion Nova quickly gained traction, thanks to Saghian’s innovative marketing strategies and keen eye for trends. He leveraged the power of social media, partnering with influencers and celebrities to promote his brand. Within a few years, Fashion Nova became a household name, known for its trendy, affordable clothing and rapid response to the ever-changing fashion landscape.
Table Of Contents
Richard Saghian’s Current Net Worth (2025)
As of 2025, Richard Saghian’s net worth is estimated to be around $6 billion. This significant figure is primarily attributed to his successful retail business, Fashion Nova.
Career
Richard Saghian is the founder and CEO of Fashion Nova, a popular fast-fashion retailer. He established the company in 2006, initially operating as a small store in California. Today, Fashion Nova has expanded to over 350 retail locations across the United States and has a strong online presence.
Other Ventures
Besides Fashion Nova, Saghian has ventured into real estate. He owns several properties, including a luxurious mansion in Beverly Hills, California. Additionally, he has invested in various tech startups, reflecting his interest in diversifying his business portfolio.
Assets
Richard Saghian’s assets include his majority stake in Fashion Nova, valued at over $5 billion. His real estate portfolio, consisting of several high-end properties, is worth hundreds of millions. He also owns a collection of luxury cars, including a Rolls-Royce and a Bentley.
Annual Income
As of 2025, Richard Saghian’s annual income is estimated to be around $500 million. This substantial figure is primarily derived from Fashion Nova’s revenue, which has been consistently growing year after year.
Frequently Asked Questions about Richard Saghian
**Richard Saghian Net Worth FAQs**
1. What is Richard Saghian’s net worth?
Richard Saghian’s net worth is estimated to be around $3 billion.
2. How did Richard Saghian make his fortune?
Richard Saghian made his fortune by founding and building the popular clothing retailer, Fashion Nova.
3. When was Fashion Nova founded?
Fashion Nova was founded in 2006.
4. How did Fashion Nova become so successful?
Fashion Nova became successful through its innovative marketing strategies, such as collaborating with influencers and celebrities, and offering fast fashion at affordable prices.
5. Where is Richard Saghian based?
Richard Saghian is based in Los Angeles, California.
6. What is Richard Saghian’s age?
Richard Saghian was born on August 17, 1984, making him 38 years old.
7. Is Richard Saghian married?
As of now, Richard Saghian is not publicly married. He keeps his personal life private.
8. Does Richard Saghian have any children?
Richard Saghian has not publicly disclosed any information about having children.
9. What is Richard Saghian’s background?
Richard Saghian was born and raised in Los Angeles. He started his first business at the age of 16 and later graduated from the University of Southern California with a degree in business administration.
10. What are Richard Saghian’s future plans for Fashion Nova?
Richard Saghian has expressed plans to expand Fashion Nova internationally and continue to innovate in the fast fashion industry.
