Lorna Jane Clarkson’s net worth is estimated at $1 Million – $5 Million.
Lorna Jane Clarkson was born on 24 November, 1964 in Lancashire, United Kingdom, is a Fashion designer, entrepreneur, author. Find out about the life of this billionaire, including Lorna Jane Clarkson’s net worth, age, family, dating life, salary, and assets.
|Occupation||Fashion designer, entrepreneur, author|
|Age||57 years old|
|Born||24 November 1964|
|Birthplace||Lancashire, United Kingdom|
What is Lorna Jane Clarkson’s net worth?
Lorna Jane Clarkson’s net worth has been growing in 2020-2021.Lorna Jane Clarkson is 57 years old and has a net worth of $1 Million – $5 Million.
Lorna Jane Clarkson Social Network
|Lorna Jane Clarkson Facebook|
|Wikipedia||Lorna Jane Clarkson Wikipedia|
Early Life: Source Wikipedia
With the Clarksons spending increasing amounts of time in the United States to oversee the brand’s expansion into that country, they bought a property in Santa Monica, California in early 2016. The property has two large houses on it; one in which they live, and the other which they have fitted out as a design studio for Lorna.
By 2015, the chain included 146 stores in Australia, 42 in the United States, and 54 stockists in other countries including South Africa, Britain, Canada, and Dubai.
During 2015, the Lorna Jane company received public criticism over a range of issues, including allegations that a former manager had been bullied at work because of her body shape, and separately, over a job ad the company posted for a receptionist who had to satisfy certain physical characteristics so that she could also work as a fitting model for garment development. A year later, Clarkson said that as stressful as it was for her personally to deal with these issues, she came to see it as a blessing in disguise because it allowed her to expose a fragile, human side to the public.
In 2014, the Clarksons considered selling the business, but eventually withdrew when they considered the implications of losing their personal control of what they had built. During a personal appearance the following year, Clarkson said that she would be “half a person without the brand”, and “I just don’t know what I would do without it.”
Clarkson builds daily rituals into her life to make sure she makes time for things that are important to her. Every night “for as long as [she] can remember”, she lays out her activewear for the next day as a reminder to change into it as soon as she wakes up. She is an early riser, and begins her day with an hour of “me time” followed by physical activity in the form of yoga, lifting weights, or walking her dog. She finds that this morning ritual gives her energy and a positive mindset for the day. In 2014, she was doing strength training twice a week, yoga or stretching “every single day” and two or three fitness classes a week. She was also exploring barre fitness as a new activity. She says that most of her design ideas come to her while she is exercising.
In March 2013 and again in March 2014, Clarkson was included in the BRW “Rich Women” list of the thirty wealthiest Australian women who had not inherited their money. Her fortune was reported at $40 million in 2013 and $50 million in 2014
Clarkson believes strongly in not living beyond her means, personally or professionally, and aims to stay debt-free. She says that this was the best piece of advice her mother imparted to her, and has never paid interest on consumer credit. She also prides herself on her hands-on approach to business, and in 2012 was still going into the office every day, often the first to arrive and last to leave. She said she will still “get into the trenches and fix the seam on the inside of a tight.” Clarkson says: “My professional and personal goals are pretty much the same: I want to continue to inspire and encourage women all over the world to live a more active life.” Clarkson conducts her public appearances in activewear, finding this to be more authentic to herself than businesswear. In a 2014 interview, she said that “The days of activewear being confined to the gym are well and truly over.” She believes that her authenticity as a key element of her success.
Clarkson won numerous RAQ Fashion Design Awards, and the Outstanding Retailer of the Year award at the BRW and AMP Capital Shopping Centres Australian Retailer of the Year Awards 2011. In 2013, she was inducted into the HerBusiness Businesswomen’s Hall of Fame.
She has published six books on health and wellbeing: Move, Nourish, Believe: The Fit Woman’s Secret Revealed (2011), MORE of the Fit Woman’s Secrets (2013), NOURISH – The Fit Woman’s Cookbook (2014), INSPIRED (2015), Love You (2017), and Eat Good Food (2018).
She owns a Moodle named Roger (born 6 September 2011). In 2014, she said that if price were no object, she would convince her husband that buying Roger a Hermès collar as a birthday present would be a great idea. Roger has his own Instagram account as @rogerclarkson.
Clarkson and her husband, Bill, retain a 60% stake in the Lorna Jane brand, after private equity firm CHAMP Ventures purchased a 40% stake in 2010. In 2016, the overall value of the business was estimated at $500 million, with an annual revenue for 2014 estimated at $200 million.
The Clarksons paid $10.3 million for a riverfront home in Hamilton, which was the most expensive residential property purchase in Brisbane for the year 2010. As of May 2015, it was still the fourth-most expensive residential property purchase in Brisbane ever.
By 2000, the business required a larger factory, and to fund this expansion, the Clarksons sold their home in the Brisbane suburb of Paddington for $450,000. Clarkson described the house they sold as their “dream home”, in which they had planned to spend the rest of their lives. They had spent seven years renovating it, and from its back deck, they could see the church in which they had married. The couple put the money from the sale of their home towards the purchase of a factory building in Fortitude Valley for $465,000. They refurbished it for clothes production, and built an apartment living space above it. When they purchased it, the building was “dirty and full of termites”, but within two years, the value of their factory property had appreciated to $4 million, which the Clarksons were able to use as collateral for further growth.
Deciding to retail the Lorna Jane label themselves, in 1990, Smith and Clarkson opened their first store, in an upper floor of Brisbane’s Broadway on the Mall shopping centre. Early successes confirmed for Smith the viability of her dream. The business covered its first week of rent with its first day of sales, and in 1991, a customer bought the entire stock of the second Lorna Jane store in a single purchase of $25,000 with the intention of reselling it. Smith and Clarkson were ecstatic at the windfall, until they realised that this meant they had no stock left. The story of Clarkson riding back to Smith’s workshop on a bicycle with $25,000 cash in a bag has become a famous anecdote about the early successes of the business.
At the age of 24, she returned to Brisbane and continued teaching aerobics, now to classes of hundreds of students. She also continued sewing activewear for herself and on request. Smith enjoyed producing activewear so much that she decided to give up instructing and make it her full-time occupation. In 1989, the owner of the gym at which she worked offered her space for a studio above the gym, and also casual work as a receptionist if she needed extra money. She remembers the space as squalid, full of cockroach droppings that would be dislodged by the vibrations of people jumping around in the building. Her mother lent her money to fund increasing production, and to help her with her rent and costs of living.
Smith found that, at the time, nobody believed in her concept of stylish activewear. As she later recalled, even major brands like Nike did not have concept stores for their clothing in those days. When Bill Clarkson showed the products to major department store Myer, their fashion buyers were uninterested and unsure of how to position the garments. He recalls that when he explained the clothes should not be sold in the sports section, “The buyer looked at me like I was crazy. They had no box to put me in.” Eventually, Myer bought a small range for five of their stores and stocked it in a corner between swimwear and lingerie. The Lorna Jane corporate website goes so far as to credit Smith with coining the word “activewear” in 1989, although the Merriam-Webster dictionary notes the word’s first known usage was in 1924.
Lorna Jane Clarkson (née Smith, born 24 November 1964) is an Australian fashion designer, entrepreneur and author. She is the creator of the Lorna Jane brand of activewear for women, and owner of a chain of retail outlets that market the clothes. The major stores (“Active Living Rooms”) incorporate fitness studios (“Move Studios”) and health food cafés (“Nourish Cafes”).