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The Controversial Life of Abercrombie & Fitch’s CEO, Mike Jeffries

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Who is Mike Jeffries?

The former Chief Executive Officer (CEO) of the clothing retailer Abercrombie & Fitch, Mike Jeffries, was the main subject of numerous controversies, the latest was related to his departure from the company amid widespread criticism of the company’s performance and 11 consecutive quarters of negative comparable-store sales.

Mike’s leadership was also the main subject of the Netflix documentary “White Hot: The Rise & Fall of Abercrombie & Fitch” released in April 2022. For more information about the controversial life of Mike Jeffries, you’ve come to the right place.

Early life, family, and education

Born Michael Stanton Jeffries under the zodiac sign of Cancer on 15 July 1944, Mike will soon celebrate his 79th birthday. He’s a native of Oklahoma USA, holds American nationality and his ethnicity is White. Mike was raised in Los Angeles, California by his father Donald R. Jeffries, an owner of a chain of party supply stores, and his wife, Shirley. Mike is their only son; he has two sisters, Cindy and Lynn.

When it comes to his educational background, he attended a local high school, and upon matriculating in 1962, he enrolled at Claremont McKenna College and later transferred to the London School of Economics from which he graduated with a BA degree in 1966. He continued his education at Columbia Business School, completing a Master’s degree in Business Administration in 1968.

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Rise to fame with Abercrombie & Fitch, Controversies

Mike started his career in the fashion industry in the early ‘70s, working as a salesman for the clothing retail Paul Harris Stores, in Nashville, Tennessee. After receiving his MBA, Mike joined the management training program at the department store Abraham & Straus in New York City. During his time there, Mike worked with big fashion names such as Mickey Drexler and Allen Questorm.

In 1984, Mike founded his brand, called Alcot & Andrews, , targeted at career women, which was initially successful, but five years later fell into bankruptcy. Mike then began serving  for Paul Harris, a clothing chain in the Midwest, then in the early ’90s, Mike was appointed as the CEO of the famous brand, Guess.

Les Wexner, a CEO of LBrands, then known as The Limited, hired Mike in 1992 to enhance Abercrombie & Fitch. After declaring bankruptcy in 1988, Limited Brands purchased the company founded in 1892; Mike is credited with conceptualizing the company’s new design.

Abercrombie & Fitch was reinvented as a high-end clothing retailer for college students, and by the mid-’90s, the company had opened dozens of new stores. By 1996, LBrands was no longer actively involved in the company and eventually left it under Mike’s supervision.

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During that period, the company sparked controversy among several groups, including the American Decency Association and the feminist movement, and besides negative headlines in the newspapers, the company faced a number of lawsuits. For example, a class action lawsuit was filed against Abercrombie and Fitch in 2003 alleging discrimination against African- American, Latino, and AsianAmerican applicants and employees. According to the New York Times, a $40 million settlement was reached in November 2004, forcing the corporation to promote diversity in its recruiting method,s and as a result conduct diversity and inclusion training, as depicted in the documentary “White Hot: The Rise & Fall of Abercrombie & Fitch“.

One of the statements that Mike gave was that the company hires good-looking people and that their goal is to be market cool, good-looking people, adding that they don’t market to anyone other than that.

As if the statement was not clear enough, in his interview for Salon, Mike admitted that they are exclusionary, and that they represent sexuality healthily and playfully, not dark. As he put it, ‘it isn’t gay or straight, black or white, not about any labels’.

During the retail recession, Mike refused to lower prices or offer discounts at the company’s stores, which many commented on negatively.

His employment agreement was set to expire on 31 December 2008, however, just a few days before, the Abercrombie & Fitch corporate announced that Mike’s contract had been renewed.

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The company faced a decline in 2008, due to the 2007-2008 financial crisis, and its stock price dropped from an all-time high of $84.23 in October 2007 to a low of $14.64 in November 2008. Mike received a total compensation of over $45 million, although most of this was in the form of stock options.

In 2012, Mike owned about 2.9% of the company’s shares, making it tough to remove him without his permission. At the time, his most recent contract provided for compensation of more than $100 million if he lost his job due to a change in ownership. In December 2013, it was reported that Mike had agreed to a new contract that would correlate his salary to the performance of the company. The market commentator, Herb Greenberg, named Mike the worst CEO of 2013, pointing out that the share price for Abercrombie & Fitch had collapsed by 40% during 2013.

Mike resigned as CEO of the company on 9 December 2014. Shares soared 8% after the announcement, the biggest one-day rise in more than nine months.

Who is his life partner?

Mike Jeffries has been the subject of numerous rumors, but he’s quite secretive about the facts from his personal life before he became the CEO of Abercrombie & Fitch. It’s known that he was married to Susan Hansen and that the two have a son together, but about whom nothing is known.

Salon.com has stated that Mike is a gay man, and that for years he has been living separately from Susan. In 2013, it was reported that Mike lives with his partner, Matthew Smith, and their three dogs. Matthew, even though he wasn’t an employee at Abercrombie & Fitch, allegedly had as much power and influence as any company’s executive. Sources claim that he was involved in matters such as the company’s growth plan and real estate expansion, and that he regularly attended internal meetings.

As of May 2023, the couple is still together.

How rich is Mike Jeffries?

According to sources, when Mike stepped down as Abercrombie & Fitch CEO, he didn’t leave with empty pockets, but with a hefty $27 million retirement paycheck. He still owns 2.9% of shares in Abercrombie & Fitch, and reportedly, as of May 2023, his net worth has been estimated at over $300 million.

As the Managing Editor at The Legit, I direct a dynamic team dedicated to creating rich content that profiles the lives and accomplishments of influential figures. My commitment to detail and storytelling drives the production of biographies that truly engage our audience. I manage all aspects of the editorial process, from conducting thorough research to crafting vivid narratives, all while ensuring the accuracy and quality of our work. At The Legit, our goal is to offer our readers comprehensive profiles that provide deep insights into the realms of business, entertainment, and more. Through diligent research and engaging storytelling, we highlight the exceptional journeys and achievements of those who both inspire and intrigue us.

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From Swiss Beauty to Plastic Surgery Disaster: Jocelyn Wildenstein

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Who is Jocelyn Wildenstein?

Swiss socialite Jocelyn Wildenstein was born as Jocelyne Perisset in Lausanne, Switzerland, on 5 August 1940, making Leo her zodiac sign. She’s perhaps only known for her ‘catlike appearance’, caused by numerous cosmetic surgeries which she’s undergone; Jocelyn’s also known for being a former wife of the late American billionaire businessman Alec Nathan Wildenstein.

Education and early life

Jocelyn was raised in Lausanne by her father Armand Perisset who was employed at a sporting goods store, and mother whose name hasn’t been revealed; Armand died from pneumonia in Kenya in 1997. Because Jocelyn hasn’t spoken of having siblings, most of her fans believe that she’s an only child.

The details regarding Jocelyn’s early life have been kept away from media, but it’s known that she studied at a local high school in Lausanne, and was mostly into dancing and playing sports during her time there; Jocelyn was a member of the school’s cheerleading team, and also took creative writing lessons.

She matriculated in 1958, and then didn’t enroll at college, wanting to pursue a career straight away.

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Love life and relationships

Jocelyn was 17 when she began dating Swiss film producer Cyril Piguet, perhaps known best for producing the 1964 movie “Un Commerce Tranquille”.

Not long after she and Cyril broke up, Jocelyn began dating Italian-French moviemaker Sergio Gobbi, and the two lived together in Paris, France; she was interested in numerous activities during her time there, and became a licensed pilot.

She was working as a model when Saudi businessman and arms dealer Adnan Khashoggi introduced her to Alec Wildenstein; some people believed that Jocelyn was a prostitute prior to meeting Alec, but no evidence was ever provided to support these claims, while Jocelyn denied the rumors. She and Alec married on 30 April 1978, after having been together for around a year, and Jocelyn gave birth to their children Alec Jr. and Diane Wildenstein.

Jocelyn and Alec’s marriage didn’t end well; she caught Alec sleeping with a 19-year-old Russian model in their home’s bedroom, and Alec then threatened Jocelyn with a gun. He spent the night in jail, while the case’s judge Marilyn Diamond received death threats through mail. Jocelyn’s lawyer was Ed Rollins, while Kenneth Godt and Bernard Clair both offered legal counsel. The divorce was finalized in 1999, and Jocelyn wasn’t allowed to spend the alimony payments for cosmetic surgery. Alec died on 18 February 2008, aged 67.

From 2003 through 2016, she was in a relationship with French fashion designer Lloyd David Klein; the relationship was highly publicized because of its domestic incidents.

Jocelyn’s unattached as of April 2023, was once married to Alec Wildenstein, and they have two children together.

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Cosmetic surgery and bankruptcy

Jocelyn’s undergone numerous cosmetic surgical procedures, even though she claims that she hasn’t, and that her looks have been affected by her Swiss heritage; she has, however, admitted that it cost over $1 million to try and make her eyes look more ‘catlike’.

Her catlike appearance has caused media outlets to refer to her as ‘The Bride of Wildenstein’, ‘The Lion Queen’ and ‘Catwoman’; Alec commented on Jocelyn’s appearance following their divorce, claiming that she believed she was able to ‘fix her face as if it were a piece of furniture’, and that he wasn’t able to convince her otherwise.

Jocelyn’s always enjoyed leading a lavish lifestyle; while she was still married to Alec, it was reported that her telephone bill was around $60,000 a year, while she spent more than half a million dollars on wine and food per year.

She received $2.5 billion as divorce settlement, while Alec was to pay her $100 million a year for 13 years; Jocelyn still somehow managed to spend most of her money, and filed for bankruptcy in 2018.

Most popular YouTube videos

Jocelyn’s highly popular on the internet, especially on the video sharing service YouTube, as many people have posted numerous videos about Jocelyn onto their channels. Most of these aim to show Jocelyn’s appearance before and after surgery, while others cover her love life; we’re going to mention three of the most viewed videos amongst these, as they’re contributed to Jocelyn’s ‘popularity’ on the internet.

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Her #1 video “Plastic Surgery Disaster (Jocelyn Wildenstein)” was uploaded by Raphael Apuan on 6 May 2009, and has since been watched over eight million times; it’s a compilation of pictures which show Jocelyn’s face after all her surgery.

The second most popular video “15 Celebrity Plastic Surgery Disasters” was uploaded by FList on 26 March 2021, and has since been watched close to 4.5 million times; some of the other people featured in the video include American actress and model Shauna Sand, British singer Pete Burns and American actress Joan Van Ark.

Jocelyn’s #3 video “Top 10 Celebrities Who Destroyed Their Bodies For Fame” was uploaded by Top 10 Beyond The Screen on 11 June 2019, and has since been watched over two million times; it’s another list of people who’ve destroyed their bodies through surgery.

Interesting facts and hobbies

Jocelyn gave an interview to “The New York Times” magazine sometime in the 2010s, stating that she’s never been interested in having a ‘traditional career’, and that her talents lay elsewhere; she also stated that she would’ve succeeded as an interior designer.

Alec’s father was against his marriage with Jocelyn, and didn’t attend the ceremony; he then encouraged Alec’s former girlfriend, American actress and model Maria Kimberly to win him back.

Jocelyn and Alec had their first cosmetic surgery together, which then turned into an obsession for her.

Alec and Jocelyn owned the ranch Ol Jogi, which numbered close to 400 staff, 55 lakes, two swimming pools, 200 buildings and 400km of road; for their daughter Diane’s 17th birthday, Alec spent $3 million to build her a mansion on the ranch.

After her divorce was finalized, some magazines referred to Jocelyn as a ‘space alien’.

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Height, eyes and wealth

Jocelyn’s age is 82. She has blue eyes and brown hair, is 5ft 4ins (1.62m) tall and weighs around 145lbs (65kgs).

Jocelyn’s net worth’s still been estimated at over $500 million, as of April 2023.

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How rich are “Little People, Big World” cast? RANKED

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“Little People, Big World” premiered on TLC in March 2006 and has become staple viewing in millions of households around the world ever since. The latest seasons have brought plenty of drama pertaining to Matt Roloff’s new relationship and his decision to sell part of the famous Roloff Farm, which has caused quite a rift in the family.

With over 15 years in the entertainment industry under their belts, many expect the Roloffs to be comfortably wealthy, thanks to reality TV paychecks and off-screen endorsements. Stay tuned if you want to find out who the richest cast member is.

  1. Jacob Roloff – $300,000

Of the adult cast members, Jacob Roloff comes in at the bottom of the list with a relatively humble $300,000 net worth. This is unsurprising, as he reportedly opted out of his contract in 2016, and since then has only made occasional appearances in the series, despite staying on close terms with his family.

After much speculation, Jacob broke his silence in 2020, claiming to have left the show after being molested and groomed by one of its executive field producers during his formative years. Matt and Amy’s youngest son added that, while he didn’t blame anyone for not realizing what had happened, he questioned the morality of exposing young children to the world of reality TV.

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Although not much is known about Jacob’s current profession, we can confirm that he was invited back to Roloff Farms in 2022 to help his father out with maintenance work. This came shortly after Matt’s spectacular falling-out with his other two sons, Zach and Jeremy. We’re not sure if Jacob took-up Matt on his offer, but we do know that he leads a lowkey lifestyle with his wife and young son.

  1. Jeremy Roloff – $500,000

Although many online sources list Jeremy’s net worth at $700,000, we find that $500,000 is a more likely figure, as the former camera operator only earned $5,000 per episode of “Little People, Big World” at the height of his involvement. In 2018, he and his wife Audrey left the show to focus on parenthood and their careers.

That’s not to say that Jeremy doesn’t keep busy. In August 2019, the creative became president of The Roloff Company. The umbrella company oversees his and Audrey’s ambitious business ventures, which includes publishing books, marriage and finance journals, and even a podcast.

Jeremy also sells lightroom presets packages for mobile and desktop use. These presets packages are often used by influencers or business owners to make their social media posts look more polished and professional on a budget.

  1. Zach Roloff – $700,000

Reputable sources confirm that Zach Roloff’s net worth is $700,000. The bulk of the reality TV personality’s income comes from “Little People, Big World”, as he is said to earn over $7,000 per episode. Despite his complicated relationship with Matt, Zach has almost always worked on the family farm as well.

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With a million Instagram followers and thousands of likes on every social media post he launches, Zach has also found a new income stream in paid partnerships and sponsorships. Although he has plenty on his plate as a father of three, Zach occasionally works with small online businesses to promote their products in exchange for an undisclosed fee.

Nevertheless, Zach will probably be taking time off from work for the next few months, as in February 2023 he underwent brain surgery. Shortly after the procedure, he explained to his fans: “I had a shunt revision surgery after getting really sick. The shunt has always been something I’ve had, but became very real this past week for our family.”

  1. Amy Roloff – $5 million

The Roloff family matriarch is a formidable businesswoman in her own right, with a well-deserved seven-figure net worth. Apart from her role as a permanent cast member of “Little People, Big World”, Amy is a baker, author, entrepreneur, and public speaker.

Highlights in Amy’s career include being invited to give a keynote speech at the prestigious Empowering Women in Business Conference in 2015. We don’t have a definite figure for how much Amy charges per public speaking gig, but she’s done several over the years, and is also a regular in the Get Motivated business seminar speaking series.

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Amy also earned herself a nice sum of money by selling her portion of Roloff Farms to her ex-husband, Matt. The reality TV powerhouse used the cash to move into her own place with her then-fiancé, Christopher Marek. Despite divorcing, Matt and Amy were tied together by their business ventures, such as their salsa line, for many years; the companies have since been liquidated.

  1. Matt Roloff – $6 million

It’s perhaps unsurprising that Matt Roloff hasn’t been on speaking terms with most of the family for months. Since his controversial move to sell part of the famous Roloff Farms – a decision which was partly encouraged by his fiancé Caryn Chandler – Matt has faced an increasing backlash both on and offline.

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However, Matt is a businessman at heart and has essentially built a small empire from the ground up. Despite his criminal record and failed business endeavors, Matt has proven himself to be a true entrepreneur. His revenue streams include reality TV checks, online partnerships and product promotion, and book sales.

Lately, Matt has been working on several new projects which he will reveal in due course. He has an active YouTube channel on which he regularly uploads videos, making him a prolific content creator. Like his ex-wife, Matt is also known to do the odd public speaking gig as well.

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Although Matt and Caryn recently announced their engagement, it’s unclear if they will monetize this new development in their relationship. Caryn, who was a trusted family friend and one of the Roloff family’s employees before dating Matt, is a low-key woman who rarely uses social media, and prefers to stay out of the limelight. In fact, she left the show in November 2022 due to the growing tension between herself and Matt’s family. Although a wedding special could earn Matt and Caryn a lot of money, it’s looking unlikely for the time being.

The 24th season of “Little People, Big World” premiered on TLC in January 2023. It’ll be many months until a new season is confirmed, but as the Roloffs signed a multi-year contract with the network, we’ll probably be seeing them on screen in a few months.

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Celebrities

Sonya Curry: The Matriarch of the NBA’s Most Famous Family

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Who is Sonya Curry?

American educator Sonya Alicia Curry (nee Adams) was born in Radford, Virginia USA, on 30 May 1966, making Gemini her zodiac sign. She’s probably only known for being the mother of Seth Adham Curry and Wardell Stephen Curry II, both of whom are today professional basketball players.

Education and early life

Sonya was raised in Radford by her parents Candy and Cleive Adams; she rarely speaks about them in public, but it’s known that she was raised in extreme poverty, and that the family had bad experiences with the Ku Klux Klan.

Sonya was physically highly active while attending a local high school in Radford, as she played basketball and volleyball, and also ran track. Upon matriculating in 1984, she enrolled at Virginia Tech on a sports scholarship, and played volleyball during all her four years there; she graduated with a Bachelor’s degree in education in 1988.

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Sonya’s career

Not a lot has been disclosed about Sonya’s career, but it’s known that she founded the Christian Montessori School of Lake Norman in 1995, and that she’s since been working as its president; all of Sonya’s three children studied at the school.

Love life and husband

Sonya met her future husband, American former professional basketball player Wardell Stephen Curry Sr. while they were both attending Virginia Tech; the two married in 1988, and Sonya gave birth to their first son Stephen on 14 March 1988, while their second son Seth followed on 23 August 1990. On 20 October 1994, Sonya gave birth to their daughter Sydel Curry, who played volleyball while attending Elon University.

Sonya and Wardell separated in 2020, after 32 years of marriage, and she revealed on 23 August 2021 that she’d filed for divorce, but it’s yet to be finalized.

Sonya hasn’t talked about other men whom she’s maybe dated, she’s married to Wardell Stephen Curry Sr. as of April 2023 (filed for divorce), and they have three children together.

Interesting facts and hobbies

Sonya’s highly popular on Instagram; she’s amassed close to 250,000 followers on the network and has posted over 100 pictures – her sons can be seen featured in many of these.

She’s a fan of tattoos, and has several small ones inked onto her arms and legs.

Sonya’s been all around the US, mostly to watch her sons play basketball; she’s also vacationed in several European countries, with Paris, France being her favorite travel destination.

She’s interested in fashion and has attended a number of fashion shows, while some of Sonya’s favorite fashion magazines are “Vanity Fair”, “Glamour” and “Vogue”.

Some of Sonya’s favorite actresses and actors are Meryl Streep, Helena Bonham Carter and Denzel Washington, and her favorite movies include “The Devil Wears Prada”, “Fight Club” and “Alice Through the Looking Glass”.

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Age, height and net worth

Sonya’s age is 56. She has blue eyes and brown hair, is 5ft 4ins (1.62m) tall, and weighs around 120lbs (55kgs).

Sonya’s net worth’s been estimated at over $6 million as of April 2023, her son Wardell’s at more than $160 million, and second son Seth’s at over $16 million.

About her son Stephen

Stephen mostly became interested in basketball thanks to his father Dell who often took him and Seth to watch basketball games; the family lived in Charlotte, North Carolina as Dell played for the Charlotte Hornets, then to Toronto, Ontario, Canada after he began playing for the Toronto Raptors.

Stephen attended the Queensway Christian College and played for their basketball’s team, then transferred to Charlotte Christian School after the family moved back to Charlotte. Upon matriculating in 2006, he enrolled at Davidson College, and became one of the best college basketball players in the US.

He graduated in 2009 and was then picked by the Golden State Warriors in the 2009 National Basketball Association (NBA) Draft. Stephen began attracting attention in 2012, after he signed a new four-year contract with the Warriors, worth $44 million; he was named Western Conference Player of the Month in April of the same year, and was also named to the All-NBA Second Team.

Stephen was named the NBA Most Valuable Player (MVP) for the 2014-2015 season, and the Warriors went on to win the NBA Championship by defeating the Cleveland Cavaliers in the finals. He was named MVP again in the following season, while the Warriors won the NBA Championships again, defeating the Oklahoma City Thunder; they were losing 1-3, but managed to turn the situation around and win 4-3.

The Warriors won the NBA Championship again in 2018 and 2022, while Stephen was named the NBA Finals MVP in 2022.

He married his long-term girlfriend, Canadian-American actress, cook and author Ayesha Alexander on 30 July 2011, and she gave birth to their daughters in 2012 and 2015, and to their son in 2018.

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About her son Seth

Seth began playing basketball while attending Charlotte Christian School, from which he matriculated in 2008; he played as a starter for the Charlotte Christian Knights for three years, and their record was 105-24.

Upon matriculating, Seth enrolled at Liberty University on a basketball scholarship, and was allowed to wear the jersey number 30, the same number which his father and brother wore. Following a year at Liberty, Seth transferred to Duke University and had to skip the 2009-2010 season because of transfer rules; he scored a career-high of 31 points on 29 December 2012, in a game against the Santa Clara Broncos.

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Seth graduated with a Bachelor’s degree in 2013, but wasn’t selected in the 2013 NBA Draft; he signed a non-guaranteed contract with the Golden State Warriors on 23 August of the same year, but was waived three months later. He signed with the Santa Cruz Warriors of the NBA Development League on 1 November 2013, and on 24 December with the Memphis Grizzlies of NBA; he played his first NBA game on 3 February 2014, but was then waived by the Grizzlies.

He then signed once again with the Santa Cruz Warriors, and in the same year a 10-day contract with the Cleveland Cavaliers, but returned to the Warriors after those 10 days.

Seth signed a contract with the Orlando Magic on 29 September 2014, and was then traded to the Erie BayHawks; he signed a 10-day contract with the Phoenix Suns on 11 March 2015, but then returned to the Erie BayHawks.

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Seth began attracting attention only in 2015, when he signed a two-year $2 million contract with the Sacramento Kings of NBA, while he then played for the Dallas Mavericks from 2016 through 2018. He signed a two-year contract with the Portland Trail Blazers of the NBA on 6 July 2018, then returned to the Mavericks on 10 July 2019.

From 2020 through 2022, Seth played for the Philadelphia 76ers, and has since 10 February 2022 been playing for the Brooklyn Nets.

He married American professional volleyball player Callie Rivers on 14 September 2019; she had previously given birth to their daughter in May 2018, and their son followed in November 2021.

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