PrettyLittleThing CEO Umar Kamani has just given influencer Molly Mae the role of Creative Director.
At just 22-years-old, the ex-Love Island star now holds a senior role in the company, set to oversee the company’s high-level creative decisions in both the UK and Europe.
The seven-figure deal will make Molly-Mae a multi-millionaire, but her staggering wealth has nothing on that of PLT founder Umar Kamani, whose success is astounding.
Let’s explore Umar’s net worth amid the Molly-Mae deal…
Who is Umar Kamani?
Umar Kamani is an English businessman and fashion retailer best known for founding the online brand PrettyLittleThing.
The 33-year-old co-founded the firm with his brother Adam in January 2012 when he was just 24-years-old.
His father is Mahmud Kamani, who owns PrettyLittleThing’s parent company Boohoo.
Born in Manchester, Umar began his career working in the family business as a manager at Boohoo.com.
He then founded PrettyLittleThing, and 66% of the company was acquired by Boohoo for £3.3m in December 2016 when the company had grown to over 300 employees.
What is his net worth?
- $455 million.
No wonder he’s always seen jetting off to lavish destinations, and cruising around on yachts, because as reported by Capital, Umar Kamani has an estimated net worth of $455 million (£331 million).
The Times reports that he received a £3.4 million dividend from PrettyLittleThing three months before selling out to Boohoo, which is run by his father.
He reportedly sold his 34% stake in PrettyLittleThing in May 2020 for £330 million, a deal that gave him £161 million in cash and a 2.6% stake in Boohoo.
Mahmud Kamani’s net worth explored
Umar’s net worth is pretty impressive, but it’s nothing compared to his father Mahmud.
After founding Boohoo in 2006, he is now worth a staggering £1.422 billion according to The Sunday Times Rich List.
This is up £391 million on 2020, and he now ranks at number 118 on the rich list.
The Boohoo group now owns a whole host of other fashion brands including: PrettyLittleThing, BoohooMAN, MissPap, Nasty Gal, Warehouse, Oasis, Karen Millen, Coast, Debenhams and The Arcadia Group’s Burton, Dorothy Perkins and Wallis.
As of July 2021, Boohoo is reportedly worth £3.54 billion.