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Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren, a global multibillion-dollar enterprise. 

He has become well known for his collection of rare automobiles, some of which have been displayed in museum exhibits. He stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of April 2024, his net worth was estimated at US$8.8 billion.

Ralph Lauren opened his first flagship in the Rhinelander mansion, on Madison Avenue and 72nd Street in New York City in 1986. Lauren re-created the building’s original opulence with a young design consultant named Naomi Leff, with whom he had previously worked on Ralph Lauren Home. The Polo Sport line was introduced in 1992 followed by over ten additional lines and acquired brands, including Ralph Lauren Purple Label in 1995 and Lauren Ralph Lauren in 1996.

On June 12, 1997, the company became a publicly traded company on the New York Stock Exchange. The 98-seat restaurant “RL” opened in March 1999 in Chicago in a newly constructed building adjacent to the largest Ralph Lauren store at the corner of Chicago and Michigan Avenues. It was followed by the opening of two additional restaurants – “Ralph’s” at 173 Boulevard Saint-Germain, Paris flagship store in 2010 and “The Polo Bar” at Polo’s flagship in New York in 2015. 

In 2000 the company launched polo.com as its website and online shop, through RL Media (a cooperation between Ralph Lauren and NBC). In 2007, Ralph Lauren Corporation acquired the NBC share of RL Media and the web site was relaunched as ralphlauren.com. In 2008, Ralph Lauren Corporation launched a brand called American Living, exclusively for JCPenney. It was the largest cross-category brand launch in the history of Ralph Lauren and JCPenney. On September 29, 2015, it was announced that Stefan Larsson would replace the company’s founder, Ralph Lauren, as CEO in November. Lauren will stay on as executive chairman and chief creative officer. 

Lauren has appeared on over 100 magazine covers including Architectural Digest, GQ, Forbes, Town & Country, TIME and Vogue.Lauren celebrated the 50th anniversary of his brand in a fashion show at Bethesda Terrace in Central Park on September 8, 2018. Attendees included Oprah Winfrey, Hillary Clinton, Kanye West, Robert DeNiro, and Jessica Chastain.

Ralph Lauren is well known as a collector of automobiles, with about 100 automobiles, some being extremely rare. He owns a 1962 Ferrari 250 GTO, two Ferrari TRs, three 1996 McLaren F1s (one of them an ultra-rare McLaren F1 LM), a Mercedes-Benz 300 SL Gullwing, a 1929 Bentley 4½ Litre (“Blower Bentley”), one Bugatti Type 57SC Atlantic, a 1937 Bugatti Type 57SC Gangloff, a Porsche 911 GT3 RS, a Bugatti Veyron, a 1930 Mercedes-Benz SSK “Count Trossi” (aka “The Black Prince”), a 1938 Alfa Romeo 8C 2900B Mille Miglia. and a rare Lamborghini Reventón Roadster.

 

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