Betsey Johnson had an estimated net worth of $50 million. This is from her career as a fashion designer.
In the 1970s, Johnson took control of the fashion label “Alley Cat” which was popular with the rock n roll musicians of the day. In the first year, her debut collection for Alley Cat reportedly sold $5 million in volume.
Johnson started her fashion line in 1978. Her second collection did not sell well, leaving her with 3,000 pieces of spring clothing and insufficient funds to stage a 1981 fashion show to sell them and Johnson opened a retail store in the SoHo area of New York City.
After struggling financially for several years and nearly going bankrupt. Betsey Johnson (the company) was acquired by Steve Madden (the company) in 2010 for $27.5 million.
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