Tamara Mellon Net Worth $280 Million
Mellon approached bespoke shoe-maker Mr Jimmy Choo with the idea of launching a ready-to-wear shoe company. As co-founder of the Jimmy Choo company, Mellon secured funding from her father for the creation of her business, and sourced factories in Italy. In addition, she set up an office in Italy to handle production, quality control and shipping. By 2001, Jimmy Choo Ltd had over 100 wholesale clients, including Harrods, Harvey Nichols, Saks Fifth Avenue and Bergdorf Goodman, and the collections accounted for over 50% of the production of several of these factories.
The first Jimmy Choo store, on Motcombe Street in London, was followed by stores in New York, Las Vegas and Beverly Hills. In April 2001, Jimmy Choo Ltd partnered with Equinox Luxury Holdings Ltd. Acquiring Mr Choo’s share of the ready-to-wear business, Equinox’s Chief Executive, Robert Bensoussan, became CEO of Jimmy Choo Ltd, introducing handbag and small leather goods collections.
In November 2004, with the company valued at £101 million, Hicks Muse announced the majority acquisition of Jimmy Choo Ltd. Mellon made an estimated £85 million from her eventual sale of Jimmy Choo in 2011.
In 2007, Mellon appeared on the Sunday Times Rich List, where she was ranked as the 751st richest person in the UK, with an estimated wealth of £99 million. She was also ranked as the 64th richest woman in Britain.
In 2013 she stated that her eponymous luxury shoe brand would not buy from companies that lacked a female employee in an executive role.