Do some rich people only wear designer clothes? Like, is everything they have in their wardrobe designer, even down to their socks and underwear?
It’s a question I’ve always had.
To clarify, I mean both old money and new money, from high-level millionaires to billionaires. And when I say designer, I mean across the entire spectrum. Not every designer brand is loud and famous like Gucci. What I mean is, do these wealthy people ever buy clothes, underwear, socks, etc., from stores like Walmart, Target, and other regular retailers, or is everything in their wardrobe designer?
Clothes as a signifier of wealth has dropped over the last quarter of the 20th century as the ability to dress down at work was a form of displaying power at work. For the insanely wealthy, they but designer clothes, but they are buying more for the better materials and workmanship; branding on the clothes is understated and can usually requires an education by the people looking at it.
There are some brands who are for the aspirationaly wealthy who do display their brands more conspicuously, but they aren’t for the billionaires.