Designer Karl Lagerfeld Made An Impressive Net Worth and Salary Before He Died, Despite Controversy

Karl Lagerfeld was madly rich with a staggering fortune. His net worth and controversies are explored. Met Gala 2023 theme paid homage to him.

Content warning: This article contains mentions of anti-gay, racially insensitive, and body-shaming rhetoric.

In October 2022, it was announced that the Met Gala 2023 theme was to be inspired by the former creative director of Chanel and Fendi, Karl Lagerfeld. While the late designer’s fashion aesthetic is revered by many people around the world, his worldview and subsequent comments on everything from weight to race are considered indefensible by even more folks.

The Met Gala attracts the likes of Kim Kardashian and, well, everyone famous in fashion, sports, and entertainment, which means all eyes are on it. With that in mind, let’s take a beat to dig deeper into the controversy surrounding Karl while he was alive, and what social media is saying about the iconic event paying tribute to him.

Before we look into his dramas, let’s take a peek at the late fashion designer’s impressive properties, including an 18th-century Parisian apartment and homes in Vermont and Biarritz, France.


What was Karl Lagerfeld’s net worth?

Iconic German fashion designer and photographer Karl Lagerfeld, who passed away in February 2019 at the age of 85, had a net worth of $300 million, per Marca.

He was the creative director of Fendi from 1965 until his death and Chanel from 1983 until his death. With lifetime contracts with both brands, Lagerfeld reportedly earned a minimum of $50 million annually.

Before his death, Lagerfeld requested to be cremated, with his ashes to be dispersed alongside those of his mother and his beloved cat, Choupette, who was named as a beneficiary in his will. Lagerfeld’s estate reportedly includes an 18th-century nine-bedroom apartment on the Left Bank in Paris, several homes, and a $31 million Monaco apartment. However, as of June 2020, none of the six beneficiaries named in Lagerfeld’s will, besides Choupette, had been granted access to the money yet.

In March 2021, Sotheby’s announced that it would be auctioning off several of Lagerfeld’s possessions in Monaco. A celebration of Lagerfeld’s life, “Karl For Ever,” was held at the Grand Palais in Paris in June 2019, attended by 2,500 people.

What is the Karl Lagerfeld controversy, anyway?

Anna Wintour
Anna Wintour

In January 2023, Vogue confirmed that the Met Gala 2023 would honor Karl, with co-chairs including Michaela Coel, Dua Lipa, and Anna Wintour. Per BuzzFeed, the gala was complemented by an exhibition at the famous museum that plans to showcase 150 of the designer’s iconic pieces along with their original sketches.

Right away, comments on Vogue‘s Instagram post pointed out the controversial comments that characterized Karl’s life as much as his designs. “Remember that time Karl said models should be OK with being touched inappropriately because it’s part of the job?” one account demanded. Another Instagram user seethed, “I hate this theme so much. He was brilliant but horrid and scornful.”

What were Karl Lagerfeld’s most problematic comments?

Nicola Coughlan
Nicola Coughlan attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion”

Although he died in 2019, people are still talking about Karl’s many deeply-upsetting viewpoints, per Page Six and CNN. That quote an Instagram commenter alluded to when the Met Gala 2023 theme was confirmed? It’s this gem: “If you don’t want your pants pulled about, don’t become a model! Join a nunnery, there’ll always be a place for you in the convent. They’re recruiting even!”

Karl also famously and offensively opined about fans who expressed concern that models are too thin, “These are fat mummies sitting with their bags of crisps in front of the television, saying that thin models are ugly.” Another comment that ruffled countless feathers went like this: “Sweatpants are a sign of defeat. You lost control of your life so you bought some sweatpants.”

From anti-Islamic comments to slamming gay marriage, let’s just say that no one was safe from Karl’s loose lips. Notably, he once said per Fox News, “I’m against it (gay marriage) for a very simple reason: In the 60s, they all said we had the right to the difference. And now, suddenly, they want a bourgeois life. For me, it’s difficult to imagine — one of the papas at work and the other at home with the baby. How would that be for the baby? I don’t know.”

Actor and activist Jameel Jamil posted her response to Vogue‘s choice of honoring Karl Lagerfeld to her Instagram in October 2022. She re-shared that in her stories the day of the event. “This man … was indeed, supremely talented,” she wrote. “But, used his platform in such a distinctly hateful way mostly towards women, so repeatedly and up until the last years of his life, showing no remorse, offering no atonement, no apology, no help to groups he attacked … there was no explanation for his cruel outbursts.”

She then echoed what many have asked: Why go with Karl Lagerfeld when there are so many talented designers to honor, who have never waded into the waters of hate and bigotry? “You don’t get to stand for justice in these areas, and then attend the celebration of someone who reveled in his own public disdain for marginalized people,” she said.

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