Katrina Lake is an American Businesswoman and a founder of Stitch- Fix, a fashion-based subscription service Company. She was the first woman to lead a public offering in technology in 2017. As of 2021, Katrina Lake’s net worth is estimated to be more than $500 million.
|Date of Birth
|December 24, 1982
|38 years old
|San Francisco, California, United States
|Source of Wealth
|Entrepreneur (Founder and CEO of Stitch-Fix)
|Married- John Clifford
Katrina Lake Family and Early Life
Katrina was born on December 24, 1982. Her mother was an immigrant from Japan and her father was an American from Minnesota. She is married to John Clifford an investment professional and together they have two sons.
She initially wanted to become a doctor and even enrolled for a pre-med course. Her strong interest in entrepreneurship made her change her mind and study economics and business. Katrina joined Stanford University for her bachelor’s degree and proceeded to Harvard Business School for her MBA.
Katrina Lake Net Worth & Career
Katrina’s sister worked as a clothing buyer and used to send clothes to her. she describes her fashion style as “ Classic with a twist” Customers at Stitch Fix were given an option to request for fixes for five items selected for them by qualified stylists at arranged intervals and were given a few days to decide which items they wanted to remain with.
Katrina has for the longest time had great considerations for other peoples’ choices as well as their demands. Due to this, she came up with a business idea that she thought could fill the missing gap in the business world. Her idea was to create an online company that would pair the stylists with data that would deliver clothing to her clients. She has combined data knowledge with marketing to nature the business. Stitch Fix made sales worth $730 million between 2016 and 2017
Stitch Fix company was listed among 100 most creative in businesses in 2016 she also appeared in Fortune magazine 40 under 40. In 2018 she became the disrupter of the year by retail drive.
Stitch Fix, which sells largely clothing, has worked swiftly to incorporate styles that are appealing to those who spend a lot of time at home. For example, its athleisure selection has increased by 150 percent as a percentage of its women’s inventory. Its children’s business, which debuted in 2018, has also taken off, as parents use the site to shop for apparel for their growing children. Orders for first-time consumers increased by 60% during the back-to-school season compared to the prior year.
Katrina Lake’s net worth is predicted to be at least $153 million USD as of May 19, 2021. Ms. Lake holds over 540 units of Stitch Fix Inc stock worth over $345,056 and has sold SFIX shares worth over $152,294,669 in the previous 6 years. She also earns $453,032 as the Founder, Chief Executive Officer, and Director of Stitch Fix Inc.
Katrina Lake Height, Weight, and Body Measurements
The 37-year-old entrepreneur stands at a height of 5 feet 5 inches or 165 cm tall and weighs around 58 kg or 129 pounds. Her body measurements are 32-25-33 inches. Likewise, her hair color and eye color are both dark brown.
Katrina Lake’s Husband- John Clifford
Lake is married to John Clifford. He is an investment professional. They got married in 2014 and have two children together.
Katrina Lake Net Worth
As of 2021, Katrina Lake’s net worth is estimated to be around $500 million. As a successful and ambitious entrepreneur, Katrina Lake is currently top on the list of richest celebrities around the world. This is a clear indicator that the businesswoman has had great earning over the years. She has conquered several milestones and became the richest businesswoman in many different top business ranks.
Her current stake at Stich Fix stands at 16.6%. As the Chief executive officer, Lake earns about $5.3 million as total compensation. This includes her salary, bonus, stock options, and other compensations.
Currently, she is working hard not only to get more profits for her company but also to empower the next generation of female founders.