Paul Smith, a fashion designer from England, has a net worth of $390 million.
Despite being born in Beeston, Nottinghamshire on July 5, 1946, he gained fame and wealth through his menswear.
One of the most prominent fashion icons in men’s clothing, he was a boy who had aspirations of becoming a racing cyclist.
Smith’s passion for cycling was shattered by a terrible cycling accident, but he eventually found his passion in tailoring by learning tailoring. He attended Lincroft Kilgour in Savile Row where he was discovered by chairman Harold Tillman and worked on various designs for celebrities, including footballer George Best.
With a small amount of savings and the assistance of his current wife, Pauline Denyer, he opened his first shop at 10 Byard Lane in Nottingham in 1970.
Over the years, his business has expanded into the Paul Smith Group Holdings, which is the primary source of his wealth.
Queen Elizabeth II bestowed the knighthood upon him in 2000, and he has since established himself as a respected designer and commercial creator, referred to as Sir Paul Smith.