Loren Ashley Ridinger was born on 21 November 1968, in Queens, New York City USA, and is an entrepreneur, best known as a co-founder and the Senior Vice-President of the internet marketing companies Market America and Shop.com, and the founder of the cosmetics line Motives, skin care line Cellular Laboratories, product line Fixx Solutions and jewelry collections Loren Jewels and Yours by Loren for HSN.
A famous entrepreneur, how wealthy is Loren Ridinger? According to sources, Ridinger has established a net worth of over $10 million, as of mid-2016. Her assets include a luxury house in Miami Beach filled with 18th century art, a penthouse in New York City filled with works by Rembrandt, Renoir and Picasso, and houses in Puerto Rico, Bali, The Bahamas and in the mountains of North Carolina, plus a pair of multi-million dollar yachts. Her wealth has been accumulated through her involvement in internet marketing, as well as in the fashion and beauty industries.
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Loren Ridinger Net Worth $10 Million
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Ridinger grew up in Greensboro, North Carolina. At the age of 16 she began working as a clerk in a retail store, but shortly after she took up a job as the vice-president’s assistant at Sears, and later worked as office manager at TV Ventures.
In 1992 Ridinger founded Market America, along with her husband James Howard Ridinger and her brother Marc Ashley. The company, headquartered in Greensboro, focused on selling clothing, automotive care, electronics, oral hygiene, dietary supplements, coffee and water filtration systems, all manufactured by other companies but marketed by Market America. The business developed over the years, and the company expanded its operations to Australia, Hong Kong, The Phillipines, the UK and Mexico, and added various products to its sales, such as health and nutrition items, home and garden care, pet care, personal care, cosmetics and jewelry, offering its own products, but also linking customers to various retailers, such as Target, Gap, Neiman Marcus, and numerous others. The success of the company grew rapidly, reaching $360 million in retail sales in 2005, with Loren’s net worth benefiting accordingly.
In 2008, Market America partnered with iMirus company, and included digital and print versions of magazines, books and catalogs in its offer. Two years later, the company purchased a shopping comparison site Shop.com for more than $50 million, and the same year it reached $393 million in sales, with $43 million in earnings. As of 2011, Market America has employed over 650 people. In 2013 it was ranked 27th in the Direct Selling News Global 100 List of multi-level marketing companies. Being the owner of a multi-million dollar company has enabled Ridinger to amass significant personal wealth.
Under Market America, Ridinger launched a cosmetics line called Motives in 2008. It has since been distributed in Canada, Philippines, United Kingdom, Hong Kong and USA. She has also developed a luxury skin care line called Cellular Laboratories and product line Fixx Solutions. In addition, she is the creator of jewelry lines Loren Jewels and Yours by Loren for HSN. All have added to her net worth.
Ridinger’s success and her contributions to fashion and beauty industries have earned her a number of awards and honors, such as the Women of Substance and Style award from Fashion Group International. She was named Woman Extraordinaire and in the Top 50 Entrepreneurs by Business Leader magazine, Top 100 Influential Women by Vogue, and one of New York and Miami’s most influential people by Haute Living Magazine. Her blog ‘Loren’s World’ has been included in Forbes’ Top 100 Websites for Women.
In her private life, Ridinger has been married to JR Ridinger since 1993. The couple has one daughter Amber and resides in Miami and New York City. Ridinger is a devoted philanthropist; she has been a member of various charitable causes, including Rally for Kids with Cancer, American Heart Association, Make-a-Wish Foundation, Cycic Fibrosis Foundation, Jennifer Lopez Foundation, among numerous other.
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