Tommy Hilfiger Designs Clothes & Flips Homes

Posted: June 11, 2023 | Source: www.mansionglobal.com

Tommy Hilfiger has made a fortune designing and selling clothing starting in the late 1960s in New York City when he was still in high school, buying bluejeans, redesigning them and selling them out of his parents’ basement. He soon progressed opening the Peoples Place stores in Upstate New York in the 1970s, where he sold jeans and hippie fashions, to 2010 when he sold his fashion business to the clothing conglomerate Phillips-Van Heusen for $3 billion. Over the years, Hilfiger has made even more money flipping homes, including a mansion in Greenwich, which he sold for $20 million, an apartment in Manhattan, a ski house in Vermont, a home in Mustique next door to longtime friend Mick Jagger, several homes in Nantucket and the Hamptons, and a Manhattan penthouse in the Plaza Hotel. His latest flip is a Palm Beach mansion he bought in January and sold in May – making a profit of about $4.5 million.