Richard Saghian is an American businessman and the CEO of Fashion Nova. He graduated from the University of California with a bachelor’s degree. Richard first launched a Fashion Nova store in California’s Panorama Mall in 2006. Nova is an instant fashion brand that has hit the skies rapidly because of its collaboration with influencers’ Instagram accounts and its ability to supply trend-driven items quickly. Instagram influencers and celebs promoted his brand by uploading photos of themselves rocking FashionNova ensembles and urging their followers to buy the clothing.
Richard was born on 31 January 1982 in the United States, he is professionally a businessman. Saghian was introduced to business through his father, who owned women’s clothing stores where Saghian worked during his summers. As of now, he is 40 years old.
|Full name||Richard Saghian|
|Net Worth||$50 million|
|Annual income||$5 million|
Richard Saghian is the chief executive of privately-owned Fashion Nova, He founded Fashion Nova in 2006 as a chain of stores selling low-price “clubwear” and apparel in Los Angeles-area malls. With the support of influencers, he began to diversify his business and put it online to Instagram and launched the e-commerce site in 2013. The company quickly became a cult hit, catering clothes for all body types and ethnicities, many of whom feel ignored by mall retailers that offer limited plus-size lines. Fashion Nova works with about 1,000 different manufacturers to release 600 to 900 new styles per week.
As of 2022 Richard Saghian’s net worth is about $50 million. Currently, the brand’s official Instagram page has more than 38k posts. Richard Saghian’s clothing brand ‘Fashion Nova’ has taken the world by storm. Beating the likes of legendary brands like Chanel and Yves Saint Laurent, this online brand is among the top searched fashion brands in Google. Currently, Saghain’s annual income is about $5 million/