Victoria Beckham is a British fashion designer, businesswoman and former singer.
She rose to fame in the 1990s as a member of the Spice Girls, a British girl group that became one of the best-selling girl groups of all time.
After the Spice Girls disbanded in 2000, Victoria pursued a solo music career for a short time before transitioning to fashion.
She launched her eponymous fashion label in 2008, which has since become a highly successful luxury brand known for its minimalist, modern aesthetic.
In addition to her fashion career, Victoria is also a philanthropist and has been involved in various charitable causes, including the fight against HIV/AIDS and breast cancer.
She is married to retired English footballer David Beckham and they have four children together.
Victoria Beckham early life
Victoria was born on April 17, 1974, in Harlow, Essex, England.
She was the eldest of three children and grew up in a middle-class family.
Her father, Anthony Adams, was an electronics engineer, and her mother, Jacqueline Doreen, was a former insurance clerk and hairdresser.
Victoria attended St. Mary’s High School in Cheshunt, Hertfordshire, where she excelled in dance and modeling.
She also attended the Jason Theatre School in London, where she studied dance and modeling.
At the age of 17, she joined the girl group Spice Girls, which became one of the most successful girl groups of all time.
After the Spice Girls disbanded in 2000, Victoria pursued a solo music career, releasing her first solo album, Victoria Beckham, in 2001.
She also began to focus on her fashion career, launching her eponymous fashion label in 2008.
Today, Victoria is a successful fashion designer, businesswoman, and philanthropist, known for her elegant and sophisticated designs.
Victoria Beckham net worth
According to Celebrity Net Worth, Victoria has an estimated net worth of $450 million.
How does Victoria Beckham make money?
Victoria makes money in various ways, including fashion designing.
She is known globally for her fashion label, Victoria Beckham, which she started in 2008 although it took 14 years before it turned a profit.
In 2022, the brand saw a revenue growth of 13%, valuing it at £40.9 million.
Then, in an interview with WWD, brand investor David Belhassen revealed that the annual revenue had increased by 42%, boosting the label’s worth to £58 million.
Come 2019, Victoria launched Victoria Beckham Beauty, a luxury beauty and skincare brand.
The brand has been growing and has helped offset the losses of Victoria Beckham Holdings significantly.
According to some reports, the business posted a growth of 13% in revenue for the financial year ending 2021.
On the other hand, Victoria has also been involved in plenty of brand deals over the years.
For example, she signed a £12 million deal with high-end brand, Armani.
Other notable collaborations include her Estée Lauder partnerships, which saw her release two collections back in the 2010s that were instant sellouts.
The success of this endorsement was perhaps what led to her launching her own beauty line, Victoria Beckham Beauty.
Additionally, as a member of the Spice Girls, ‘Posh’ Spice was part of a girl group that sold over 100 million records worldwide over the years.
Victoria also receives a cut of the group’s merchandise income and royalties.
When the ladies got back together for a 2007 reunion tour, it grossed $70.1 million, with an additional $100 million coming from merchandising.
Further, Victoria is a joint owner of the family’s extensive luxury property portfolio, which includes a £31.5 million mansion in London’s Holland Park.
How does Victoria Beckham spend her money?
Victoria has earned a considerable amount of cash thanks to her perch atop the fashion world.
As of 2017, her fashion business was valued at $133.4 million.
However, according to a report by The Sun, Victoria’s fashion business, which comes under Victoria Beckham Holdings, is not financially profitable, having incurred losses of over USD 67 million with six consecutive years of zero profits since its first filing in 2016.
The company lost USD 20 million in 2019 and USD 10 million in 2020.
Despite this, Victoria’s beauty brand has been growing, and according to some reports, the business posted a growth of 13 per cent in revenue for the financial year ending 2021.
Naturally, the Beckhams — along with their four children — lead an incredibly lavish lifestyle featuring beautiful houses, expensive cars, luxurious trips, and star-studded events.
Victoria and David Beckham are worth a whopping $900 million — upwards of $300 million more than the Queen herself.
Victoria has been known to spend extravagantly, such as paying someone $1,800 a day to open her Christmas gifts for her.
However, she is also involved in charity work and has helped raise millions in support of cancer research and children’s education through the Victoria and David Beckham Charitable Trust.
Victoria Beckham career
After the Spice Girls disbanded in 2000, Victoria launched a solo music career, releasing her first album, Victoria Beckham, in 2001.
However, her music career did not achieve the same level of success as her time with the Spice Girls.
Victoria then transitioned into the fashion industry, which has become her primary focus.
In 2004, she launched her eponymous fashion label, which initially focused on denim and sunglasses.
Over the years, her brand has expanded to include ready-to-wear clothing, accessories and footwear.
Victoria’s designs are known for their clean lines, minimalism, and sophistication, and have been worn by numerous celebrities and fashion icons.
In addition to her fashion label, she has also collaborated with other brands.
Victoria has designed collections for Target and Reebok, and has partnered with Estée Lauder to create a makeup line.
She has also been involved in various philanthropic efforts.
Victoria has supported numerous charities, including the Elton John AIDS Foundation and Save the Children, and has been a UNAIDS Goodwill Ambassador since 2014.