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Katrina Lake Net Worth: How Rich is Katrina Lake in 2020?

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Katrina Lake Net Worth

Katrina Lake is an American businesswoman. She is the founder and CEO of Stitch Fix which is a fashion-based subscription service. As of 2020, Katrina Lake net worth is estimated to be $400 million.

Net Worth
$400 million
Date of Birth
December 24, 1982
Age
38 years old
Born Place
San Francisco, California, United States
Nationality
American
Source of Wealth
Entrepreneur (Founder and CEO of Stitch-Fix)
Husband/Boyfriend
Married to John Clifford

Early Life

Katrina Lake was born on December 24, 1982, in San Francisco, California. Her parents were a teacher and a physician. From an early age, Lake wanted to become a doctor. In-fact she started the pre-med course but later became interested in economics and business.

She received her Bachelor’s degree from Stanford University in 2005 while she received her MBA from Harvard Business School in 2011.

Business Career

Katrina Lake

Lake joined a venture capital firm as an associate after graduating from college. After that, she worked at Polyvore and management consultancy “The Parthenon Group”.

While studying at Harvard Business School, Lake came up with Stitch Fix, a personalized fashion box subscription service. The company delivers personalized Fixes of apparel and accessories to men, women, and kids. In order to grow her business, she combined the concept of data science with marketing.

In 2016-17, Stitch Fix had $730 million in sales. Her popularity grew more as she was listed as one of Fast Company’s 100 Most Creative People in Business. In 2016, she was also listed on ’40 under 40’ by Fortune magazine.

In 2017, Lake took the company public just at the age of 34, becoming the youngest female founder ever to lead an IPO. Lake’s company Stitch Fix now has three million active customers and generated revenue of $1.2 billion in 2018.

Is Katrina Lake Married?

 

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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 2020, Katrina Lake’s net worth is estimated to be $400 million. On June 6, 2019, Lake became $45 million richer in just one day after Stitch Fix delivered a quarter of double-digit growth. Forbes magazine named Katrina Lake one of America’s richest self-made women.

It is sure that the net worth of Katrina Lake will surge in the coming years. Today, the company employs over 85 data scientists and more than 3,700 stylists. Her company is now worth more than $3 billion.

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