KEY POINTS

  • Tommy Hilfiger and his wife, Dee Ocleppo, plan to move to Palm Beach, Florida
  • Hilfiger sold his 22-acre estate in Greenwich, Connecticut, for $45 million in November, a report says
  • Hilfiger started Tommy Hilfiger Corporation in 1985

Tommy Hilfiger’s net worth is $450 million. With such massive wealth, he can afford to acquire more than a few properties.

Hilfiger has sold his 22-acre estate in Greenwich, Connecticut, for $45 million after putting it up for sale in September last year, the New York Post reported. It was listed for $47.5 million by Sotheby's International Realty before being sold for about $2.7 million less than the original asking price in November.

A 13,344-square-foot mansion sits on the property that boasts six bedrooms, seven bathrooms and three powder rooms. The master bedroom has two bathrooms, two dressing rooms and an office, according to Realtor.com.

The French Normandy-style residence also has a home theater, a carved wooden staircase and six fireplaces, including an 18th-century French fireplace. The estate features a tennis court, koi pond, a fountain and a massive garden as well.

Hilfiger and his wife, former model Dee Ocleppo, plan to move to Palm Beach, Florida. The couple actually already own a mansion in Miami, but they told the Wall Street Journal in September that it is being sold for an undisclosed amount as they look for a new Florida property.

Buying properties, renovating them and selling them for profit is not new to Hilfiger. He once bought a penthouse in New York City for almost $26 million and was able to sell it for more than $33 million. 

Hilfiger is a giant in the fashion industry, his brand raking in billions in annual revenue. But its success did not happen overnight.

Born Thomas Jacob Hilfiger, the American fashion designer got his feet wet in the business after launching a chain of jeans/fashion stores called People's Place in Elmira near Cape Cod, according to Celebrity Net Worth. He filled the store with fashionable clothing from New York City. After his first venture went downhill, he started Tommy Hill in 1979 and founded 20th Century Survival and Click Point.

With his rich experience in starting and managing businesses, Hilfiger launched his own line via Tommy Hilfiger Corporation in 1985. By 2007, it had at least 1,400 stores around the world. The brand had undergone ownership changes. In 2006, Apax Partner acquired Tommy Hilfiger for $1.6 billion, and Phillips-Van Heusen bought it for $3 billion four years later. 

What makes Hilfiger different from other fashion designers is he can seamlessly combine his interests and ventures. He sponsored concerts of Lenny Kravitz and Sheryl Crow, appeared in the reality series “The Cut” as its host and had a cameo in both “Zoolander” movies. Moreover, the 69-year-old penned seven books about his life and business. 

On the personal side, the fashion mogul was previously married to Susan Cirona, with whom he shares four children. The two separated in 2000. Eight years later, Hilfiger tied the knot with Ocleppo, with whom he shares a son named Sebastian.

Hilfiger always gives back to the community via his own foundation and several organizations and charities he has been supporting over the years. He has helped organizations that aim to spread breast cancer awareness and end child labor and extreme poverty. 

Hilfiger’s net worth makes him one of the top 11 richest fashion designers in the world, according to Elle. Miuccia Prada topped the list, with Giorgio Armani, Ralph Lauren, Domenico Dolce and Stefano Gabbana and Valentino Garavani completing the top five.

Gigi Hadid, Tommy Hilfiger Tommy Hilfiger says he did not say that Gigi Hadid was “not quite thin enough.” Pictured: Model Gigi Hadid and designer Tommy Hilfiger acknowledge attendees after presenting Hilfiger's Spring/Summer 2017 collection at New York Fashion Week in Manhattan, New York, U.S., Sept. 9. Photo: Reuters/Andrew Kelly