Have you ever wondered what the net worth of Emma Grede is?
Emme Grede is a fashion entrepreneur known for her work with the Kardashians. Others know her from her appearance on the American business reality TV show Shark Tank.
This poses the question: Is Grede as wealthy as the reality stars she’s doing business with?
As of May 2023, Emma Grede has a net worth of around $360 million. In this article, we’ll go over how she made her way to the top of the competitive fashion industry.
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Emma Grede was born in East London and raised by a single mother.
From a young age, Emma knew that she had a knack for fashion. At only 12 years old, she delivered newspapers and used the money to buy trendy magazines.
To pursue her passion, Grede interned at Gucci and enrolled at the London College of Fashion. However, she dropped out of college when she realized that hands-on work gave her more experience than formal education.
Although she tried her luck in different jobs, her work in the endorsement and sponsorship practice departments at the events company, Inca Productions, stands out to her fans. There, she got to work with top designers like Alexander McQueen.
Rubbing shoulders and learning from the best were two things that set Grede on a bright career!
Grede is, first and foremost, a fashion entrepreneur.
The highlights of her portfolio are:
- Co-founder of Kris Jenner’s brand, Safely
- Co-founder and CEO of Khloé Kardashian’s brand, Good American
- Founding partner of Kim Kardashian’s brand, Skims
While they’re all impressive partnerships, Grede is best known for her work on Good American. The core concept behind the brand is creating denim that suits all sizes, and many consumers appreciate the attempt at body positivity.
Aside from her business ventures, Grede is also using her fame to enact the change she wants to see in the industry. After all, she’s the chairwoman of the Fifteen Percent Pledge.
Through this initiative, Grede hopes to see black-owned brands taking up at least 15% of shelf space in retail stores. This serves both marginalized business owners and consumers who will have access to a new selection of products that could represent them better.
So far, major companies like Sephora, Nordstrom, Macy’s, Bloomingdale’s, and Ulta have taken the pledge!
Emma married the Swedish entrepreneur Jens Grede in 2012. Today, they live with their kids in Los Angeles.
Interestingly, Jens is more than just a husband to Emma; he’s also her business partner. Emma has a share in his denim brand, Frame. Plus, Jens works on Skims and Good American.
As of May 2023, Emma Grede has an estimated net worth of $360 million.
The bulk of Emma Grede’s wealth comes from her share (nearly 8%) in Kim Kardashian’s shapewear line, Skims. Keep in mind that the company is worth more than $3.2 billion. So that 8% stake is actually significant once you do the math!
However, shares in other companies like Good American, Safely, and Frame contribute to Emma Grede’s net worth.
Yet, as you might have guessed, Emma’s net worth isn’t as high as Kim Kardashian’s.
In 2020, Emma Grede and her husband, Jens Grede, bought a $24-million mansion in Los Angeles.
The Bel Air estate sits on 68 acres and has a 110-foot pool and an interior living space that extends over almost 12,000 square feet!
That said, it’s not clear how much Emma put into the property and how much her husband paid.
Frequently Asked Questions (FAQs)
How old is Emma Grede?
Emma Grede was born in 1982, which makes her 41 years old today. Her followers saw the founding partner of Skims bid her 40th-year farewell with an Instagram post.
How did Emma Grede meet the Kardashians?
Grede’s first introduction to the Kardashian family was through Kris Jenner, whom she met at fashion shows.
With some wits and what Grede calls the “gift of the gab,” she managed to arrange a business lunch with Kris Jenner. Then and there, she took her chance with a pitch.
Soon, she was partnering with Kim and Khloé Kardashian.
Was Emma Grede on Shark Tank?
Yes, Emma Grede was on the premiere of Shark Tank season 13. Some say she’s the first black woman to appear on the show as a guest shark, while others believe Grede is bi-racial.
Despite being a successful entrepreneur, Emma Grede prioritizes her family. She’s lucky to be able to work with her husband, but she still tries to spend quality time with her kids.
On her Instagram account, Grede often shares updates about her personal life with her daughter, Lola.
Stay True To Your Beliefs
It’s one thing to come up with a successful business idea, but crafting a product that reflects a positive message is a different story altogether.
Yet, Grede chose to stick to her beliefs about the importance of inclusivity and representation in the fashion industry. Thankfully, that’s what made Good American and the Fifteen Percent Pledge so popular!
Invest In Business Relationships
Throughout her career, Grede got to meet and win over a lot of top designers. Later, these connections helped her transform her business ideas into a portfolio of successful companies.
After all, building authentic relationships in any industry is bound to push you ahead!