Who is Richard Saghian and what is his net worth?
RICHARD Saghian is a millionaire entrepreneur who founded the fast fashion empire Fashion Nova. Fashion Nova has attracted a catalog of celebrity endorsements and attracted millions of social media followers. Richard Saghian is the chief executive of Fashion Nova. Born January 31, 1982, Saghian is 39-years-old. Fashion Nova is a fast-fashion company and a social media phenomenon that has achieved rapid growth through its work with influencers and its speed at delivering trend-led pieces. He founded Fashion Nova in 2006 as a chain of stores selling low-price clubwear and apparel in Los Angeles-area malls. Saghian launched the e-commerce site in 2013. The company quickly became a cult hit, catering for all body types and ethnicities. Fashion Nova counts over 15 million followers across its Instagram accounts. Around 2,000 influencers  including Cardi B , Kylie Jenner, Khloe Kardashian and Nicki Minaj  create roughly 6,000 pieces of content about the brand each month. Saighan is reportedly worth $50million according to MD Daily Record. Fashion Nova's fundamental success is thanks to it's social media marketing. The brand's Instagram page attracted about a million followers a month. "All the knowledge I gained from having brick and mortar stores, I utilized for the website. Being able to listen firsthand to my customers gave me information of what women wanted, what was missing, and what was needed," Saghian told Paper. 2 Cardi B and Richard Saighan Credit: Alamy  "I realized early on, getting into the minds of my customers is what helped me grow. I don't think I would've been able to do it without all my retail experience from the brick and mortar days to the e-comm days." The value of Fashion Novas social media exposure is more than that of H&M and Zara combined. Teen Mom star Ryan Edwards' wife Mackenzie looks unrecognizable OH BABY! KUWTK fans think Kylie Jenner is PREGNANT after she 'doesn't take tequila shot' YIKES Khloe likes tweet telling YouTuber 'shut the f**k up' about Tristan's partying  Fashion Nova works with over 1,000 manufacturers to release approximately 600-900 new styles a week. The pieces are mostly manufactured in Los Angeles, but the brand also works with Chinese vendors. Little is known about his personal life and whether the businessman has a partner or kids.