Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

Is the Richest Man on LA's Eastside Dov Charney?

Stories like these are only possible with your help!
Your donation today keeps LAist independent, ready to meet the needs of our city, and paywall free. Thank you for your partnership, we can't do this without you.
5b2c57284488b3000927ef7d-original.jpg

Jesus Sanchez at The Eastsider LA was curious who be the richest in the land of the hippest. Hypothesis: American Apparel's Dov Charney: "Last year, Charney, who sold off his company but remains in charge as CEO, earned a salary topping $8 million. In addition, the company granted him stock options worth nearly another $8 million. Of course, Charney, like everyone else with stock and a 401k, has taken a big hit. Still, the American Apparel stock he got when he sold the company is now worth, at least on paper, nearly $200 million, based on Thursday's closing stock price. That would buy enough $17, American Apparel pocket t-shirts for just about everyone living in Los Angeles and Orange counties."