Paul Abascal is an American fashion designer and business executive who has an estimated net worth of $10 million. He is best known for being the former husband of fashion icon Anna Wintour.
Abascal has had a long and successful career in fashion. He has worked for renowned brands like Ralph Lauren and Giorgio Armani. His skills as a designer and business strategist have enabled him to amass his multi-million dollar fortune over the years.
Early Life and Education
Paul Abascal was born in 1949 in the United States. Not much is known about his family and early life. He studied at the Parsons School of Design in New York City where he honed his skills in fashion design.
After graduating from Parsons, Abascal began working for iconic American fashion designer Ralph Lauren in the 1970s. He quickly rose up the ranks and became the Head Designer for Lauren’s Polo division.
In 1984, Abascal left Ralph Lauren to join Italian fashion house Giorgio Armani as Design Director. He helped elevate Armani into one of the leading luxury fashion brands in the world during his decade-long tenure there.
Abascal left Armani in 1994 to launch his own fashion label – Paul Abascal Studio. The brand specialized in elegant, minimalist women’s wear. His clients included celebrities like Téa Leoni and Calista Flockhart.
In 2006, Abascal shut down his fashion label to become an executive at Georg Jensen, the Danish silver and design company. As Creative Director, he focused on modernizing the brand and boosting sales.
Abascal currently serves as CEO of his marketing firm – Abascal Strategies. He provides consulting services to fashion and lifestyle companies.
Marriage to Anna Wintour
In 1984, Paul Abascal met and started dating Anna Wintour, the influential editor-in-chief of Vogue magazine. The two got married in New York City in July 1987.
Abascal and Wintour were one of the major power couples in the fashion world during their marriage. However, the couple split amicably in 1999 due to growing apart in interests. Their divorce was finalized in that year.
Abascal helped Wintour rise up the ranks of Vogue and supported her career. On the other hand, Wintour gave Abascal’s fashion label publicity by featuring his designs in the magazine.
Net Worth and Income Sources
Paul Abascal has accumulated most of his $10 million net worth from his successful decades-long career in fashion. His work as Design Director at Giorgio Armani and Ralph Lauren earned him millions over the years.
Abascal likely earned a significant income from his fashion label business before it shut down. These days he continues to monetize his experience through his marketing and consulting firm.
In addition, Abascal received a large divorce settlement – estimated to be around $1.5 million – when he split from his ex-wife Anna Wintour in 1999. Their Manhattan townhouse was also sold for several million dollars.
Abascal leads a comfortable lifestyle supported by the wealth he has amassed over his long career. He reportedly owns a luxurious apartment in New York City.
Height and Other Details
Paul Abascal is reportedly around 5 feet 10 inches or 178 cm tall. He has salt and pepper hair and often sports eyeglasses.
Not much else is publicly known about Abascal’s hobbies, personal life, etc. He maintains a very private and low-profile existence away from the fashion world.
In summary, Paul Abascal has built an estimated $10 million net worth through his successful decades-long career as a leading fashion designer. He is best known as the ex-husband of Vogue’s Anna Wintour. Although now retired from fashion, Abascal continues to utilize his skills through consulting and marketing services.