Source of Wealth:Clothing
Full Name:Jeffrey Lubell
Occupation:Founder, Chairman and CEO of True Religion
About Jeffrey Lubell
American executive Jeffrey Lubell is the founder of True Religion Apparel and he has an estimated net worth of $45 million. The company was established in December 2002 with the aim to create and redefine premium denim through an emphasis on the fit, quality, and style. At that time, he was known as the pioneer in the premium denim market.
Lubell has acquired his estimated net worth of $45 million as the Chief Executive Officer, Chief Merchant and Chairman of the Board of Directors of True Religion since June 2003. He took the company public in the same year when it took a definitive merger agreement with TowerBrook Capital Partners in a transaction that is worth around $835 million. Under his supervision, the firm has become a true innovator of exceptional lifestyle branding and a global leader in premium denim and casual sportswear for men, women and children. Currently, it operates 124 stores in the U.S. as well as 31 international stores.
Between 1978 and 1998, Mr. Lubell was the President and CEO of Jeffrey Lubell Textiles, a textile design and distribution firm that he founded and is based in Los Angeles, California. From 1998 to 2001, he was the Vice President and Creative Director of Jefri Jeans & Bella Dahl, also based in LA. He was the President and Creative Director in the Men’s Division of Hippie Jeans in Commerce, California. He was responsible for creative design concepts and in establishing and managing the company’s presence at national and regional trade shows from 2001 to May 2002. In November 2002, he founded Guru Denim, Inc., wholly owned subsidiary of True Religion where he also serves as the Chief Executive Officer.
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