Career Testing
Career Testing
Career Testing
CHOOSING A CAREER / APR. 24, 2015
version 7, draft 7

10 Career Lessons From Famous CEO Ralph Lauren

ralph Lauren
List Top Tens

Ralph Lauren was born Ralph Lifshitz on October 14, 1939 in New York City. Having started his fashion design career in 1967, he is the richest man in fashion in the US today. He controls close to a dozen clothing and accessory lines around the world, and he is popular for his sportswear line Polo Ralph Lauren. Discover the top ten career lessons from this top CEO.

See also: Top 3 Career Lessons From Ellen DeGeneres

1. Determination Is More Important Than Education

Ralph Lauren dropped out of the Baruch College in Manhattan, NY to pursue a career in the army. He would then quit, taking a job as a sales rep. Today, Forbes estimates his wealth at $7.1 billion. This personal fortune makes him the world’s 193th richest man.

2. Chase Your Dream

Did you abandon your childhood dream too soon? Ralph Lauren dreamt of being a celebrity, such as a movie actor, dancer or baseball player. Today, he is a celebrity, albeit in a different career – fashion design. In fact, actors Cary Grant and Fred Astaire inspire the trademark Polo style.

3. Don’t Keep All Eggs in One Basket

Following his breakthrough decades ago, Ralph Lauren owns close to a dozen clothing, accessories, fragrance, and footwear lines through his company. They include the famous Polo Ralph Lauren, Purple Label, Black Label, Lauren Ralph Lauren, RRL, RLX, Golf sportswear, and Tennis sportswear, among others.

4. The Last Can Be The First

Ralph Lauren was born in the Bronx as the last born of four children yet he is more successful than all his siblings today. His parents were from Belarus and had the family name Lifshitz. Following undesirable teases from schoolmates, he and one of his brothers adopted Lauren as their last name.

5. Don’t Be Afraid of Controversy

Ralph Lauren Corporation is occasionally embroiled in legal tussles. His company faced controversy following the use of model Filippa Hamilton’s image which made her appear thinner. Other controversies include alleged bribes in Argentina, violation of intellectual property, and other legal altercations. All these have never stopped him from being at the top in the fashion world.

6. There Is a Thin Line Between Success and Failure

You should never be afraid to start your own business venture. The fact that Ralph Lauren left the army to pursue a sales career best demonstrates this point. Who would think of quitting the forces to start designing neckties? Three years into the trade, Lauren received a Coty Award!

7. Give Back to Society

Ralph Lauren believes in giving back to society. Through sponsorships, his company was the first official Wimbledon outfitter in 2006. Throughout 2008, Polo sponsored the US Open. That same year, his company outfitted the entire US squad destined for the Olympics.

8. Learn When to Let Go

Some entrepreneurs do not know when to call it quits. You should discover a new way of doing things and discard a product if it isn’t worth the investment. Ralph Lauren discontinued clothing lines such as Polo Denim, Polo Sport, Ralph Lauren Jeans Co., Rugby Ralph Lauren, and Blue Label.

9. Don’t Let a Disease Bring You Down

Even in times of suffering, you should never give up. In the mid-1980s, the CEO was diagnosed with a benign brain tumor. He then underwent a successful surgery, and the tumor has never recurred!

10. Invest in Your Family

Many celebrities ditch their spouses occasionally. However, Ralph Lauren has remained loyal to his wife, Ricky Anne Loew-Beer – the receptionist he married back in 1964. Interestingly, one of his sons is married to a niece of former US President George W. Bush.

See also: 4 Career Lessons From Lena Dunham

Ralph Lauren also teaches you to enjoy life’s trappings. The father of three owns beach resorts in Jamaica, Long Island, and Montauk. He owns nearly 100 vehicles, most of which are vintage, while his Fifth Avenue, New York home and a 17,000-acre ranch accentuate his love for the finest things.

Get our FREE eBook!
'6 Steps to Landing Your Next Job'

LEAVE A COMMENT

0 comments

 

RELATED ARTICLES

5 Lessons Learnt From Choosing an Artistic Career
CHOOSING A CAREER / DEC 28, 2014

Your mother wanted you to go to law school. You, on the other hand, couldn’t imagine life stuck in an office, so you opted for an artistic career and a life less...

Career Lessons to Learn from Jay-Z
CHOOSING A CAREER / JUL 22, 2013

Comparing yourself to the world famous music mogul Jay-Z may seem farfetched, after all, he is a multi-millionaire, and living a lift that most of us could only dream of...

Career Advice From Peep Show
CHOOSING A CAREER / NOV 15, 2013

What lies at the heart of the genius of the Peep Show characters is the fact that we all see a little of ourselves in them. Whilst we may claim to be 'more Mark' or 'more...

engineer
CHOOSING A CAREER / JAN 28, 2015

Planning on becoming an engineer? There are LOTS of excellent jobs for those who excel in the field of engineering, and you’ll be amazed by all of the opportunities that...

10 Careers for the Craftsman
CHOOSING A CAREER / JAN 12, 2015

Despite the “internet of things” and the mass production of just about everything, some important work still has to be done by hand. The people who do this work are...

Get our FREE eBook!
'6 Steps to Landing Your Next Job'
G up arrow