Yacht Name: Flag -
Tommy Hilfiger Net Worth: US$ 400 million -
Hilfiger purchased the yacht Flag from his business partner Lawrence Stroll. Who replaced her with a 97 meter yacht.
Hilfiger is a succesful fashion designer. He is founder of the Tommy Hilfiger Corporation. Tommy Hilfiger was born in 1951. He started designing menswear in the 1970s.
And later he expanded into women's clothing. And various luxury items such as perfumes. The company is now not just a clothing store but a lifestyle brand. Filfiger is renowned as pioneer of the “Classic American Cool” style.
In 1992 his company was stocklisted. His business partner Lawrence Stroll was an early investor and made a fortune (as did Hilfiger).
In 1995 he was named Menswear Designer of the Year.
In 2005 the company was sold to the private investment company Apax Partners. The purchase price was US$ 1.6 billion. In 2010 PHV bought the Hilfiger company. PHV also owns Calvin Klein and Arrow.
Although (we believe) he sold all his shares, he remains the company’s principal designer. And he is leading the design teams. He is a member of the Council of Fashion Designers.
He was fashion consultant at the American Idol talent show. His wife Dee Ocleppo is also a fashion designer and entrepreneur. His daughter Ally Hilfiger was featured in the MTV TV show Rich Girls.
In 2016, the American fashion designer collaborated with model Gigi Hadid on clothing designs. They were launching the TommyXGigi clothing collection. He also wrote books and was judge in tv productions.
In 2005, a CBS reality show called The Cut tracked the progress of sixteen contestants. As they competed for a design job with Hilfiger and their own fashion line under his label.
His net worth is estimated at US$ 400 million.
He is an active philanthropist through his Tommy Cares Foundation. The foundation focuses on youth, health, education and culture.
Tommy owns and has owned many houses. He currently lives with his wife Dee Ocleppo Hilfiger in a large castle in Greenwich, near New York.
The house was built for NY real estate investor Charles Paterno. Who named it Chateau Paterno. They also owns a house in Miami. And seem to own another Greenwich property.
He listed his penthouse in New York for sale, asking US$ 50 million.
Hilfiger owns a Dassault Falcon 900 private jet. The jet has registration N818TH. The jet was built in 2006. Hilfiger previously owned a Bombardier Challenger. The jet bears the Tommy logo.
The yacht was built as Cakewalk for Charles Gallagher. He replaced her with a 85 meter Derecktor now known as Aquila.
Gallagher sold her to Frank Fertitta. Who named her Fortunato. Later she was sold to Lawrence Stroll who named her Faith. Most photos on this page are from the ‘Faith period’.
In 2017 Stroll had his new 97 meter Faith delivered. He sold his current yacht to his business partner Hilfiger. He named her Flag, a reference to his business logo.
The yacht Flag was launched in 2000 by Feadship (Royal Van Lent). She is built from steel. With an aluminum superstructure. Flag can accommodate 14 guests in 7 cabin. She has a crew of 17.
She can reach a maximum speed of 16 knots. The yacht Flag bears a large Tommy logo.
The boat is not available for yacht charter. The yacht is not listed for sale.
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