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Friday, Nov 22, 2024

LA500 2024: Richard Saghian

Founder, Chief Executive, Fashion Nova

Saghian launched Vernon-based Fashion Nova as a collection of five brick-and-mortar stores in 2006. Early on he implemented social media marketing and innovated strategic collaborations with thousands of influencers and celebrities to accumulate more than 25 million followers on Fashion Nova’s various social media platforms. The company has multiple high-growth categories across women’s, men’s and kid’s apparel. Saghian has supported several social causes through his charitable organization, Fashion Nova Cares. He is known for purchasing a 21-bedroom, 49-bath home in Bel Air in 2022 for $141 million and a $40 million beachfront property in Malibu last year.

YEARS ON LA500: 7

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