Umar Kamani, the co-founder of PrettyLittleThing, is a prominent figure in the fashion industry. His entrepreneurial journey has significantly impacted his net worth, making him one of the wealthiest young entrepreneurs in the UK. This article delves into Umar Kamani’s net worth, exploring various aspects of his financial success.
Early Life and Career
Umar Kamani was born on March 21, 1988, in Manchester, England. He is the son of Mahmud Kamani, the founder of Boohoo.com, a major online fashion retailer. Umar Kamani’s early exposure to the fashion industry through his family’s business laid the foundation for his future success.
Founding Pretty Little Thing
In 2012, Umar Kamani, along with his brother Adam Kamani, co-founded PrettyLittleThing, an online fashion retailer targeting young women. The brand quickly gained popularity, thanks to its trendy and affordable clothing. By 2016, PrettyLittleThing had become a significant player in the fashion industry, with celebrities like Miley Cyrus and Nicki Minaj endorsing the brand.
Financial Milestones
Umar Kamani’s net worth saw a substantial increase when Boohoo acquired a 66% stake in PrettyLittleThing for £3.3 million in 2016. In 2020, Kamani sold his remaining 34% stake to Boohoo for £330 million, significantly boosting his net worth. As of 2024, Umar Kamani’s net worth is estimated to be around $455 million.
Personal Life
Umar Kamani married British-Saudi model Nada Adelle in May 2024. His personal life, much like his professional one, has been in the public eye, adding to his celebrity status.
Umar Kamani’s Net Worth Breakdown
Table
| Full Name | Age | Date of Birth | Net Worth (2024) |
|---|---|---|---|
| Umar Kamani | 36 | March 21, 1988 | $455 million |
FAQs about Umar Kamani’s Net Worth
- What is Umar Kamani’s net worth?
- As of 2024, Umar Kamani’s net worth is estimated to be around $455 million.
- How did Umar Kamani make his money?
- Umar Kamani made his money primarily through his fashion retail business, PrettyLittleThing, and its acquisition by Boohoo.
- When was PrettyLittleThing founded?
- PrettyLittleThing was founded in 2012 by Umar Kamani and his brother Adam Kamani.
- Who is Umar Kamani’s father?
- Umar Kamani’s father is Mahmud Kamani, the founder of Boohoo.com.
- What is PrettyLittleThing?
- PrettyLittleThing is an online fashion retailer targeting young women with trendy and affordable clothing.
- When did Boohoo acquire PrettyLittleThing?
- Boohoo acquired a 66% stake in PrettyLittleThing in 2016 and the remaining 34% in 2020.
- Who is Umar Kamani married to?
- Umar Kamani is married to British-Saudi model Nada Adelle.
- What is Umar Kamani’s age?
- Umar Kamani is 36 years old as of 2024.
- Where was Umar Kamani born?
- Umar Kamani was born in Manchester, England.
- What is Boohoo.com?
- Boohoo.com is an online fashion retailer founded by Mahmud Kamani, Umar Kamani’s father.
- What is Umar Kamani’s role in PrettyLittleThing?
- Umar Kamani co-founded PrettyLittleThing and served as its CEO until 2023.
- How much did Umar Kamani sell his stake in PrettyLittleThing for?
- Umar Kamani sold his remaining 34% stake in PrettyLittleThing for £330 million in 2020.
- What is Umar Kamani’s educational background?
- Umar Kamani attended Manchester Metropolitan University.
- What other businesses is Umar Kamani involved in?
- Umar Kamani is involved in various entrepreneurial ventures, including fashion retail and restaurants.
- What is Umar Kamani’s nationality?
- Umar Kamani is British.
