Iman popularly known as a Somali-American supermodel, actress, and entrepreneur. She has been a significant figure in the fashion industry, known for her pioneering work and influence.
Over the years, Iman has built an impressive career, leading to substantial financial success. This article delves deep into Iman’s life, career, and financial achievements, particularly focusing on her net worth in 2024.
Quick Info Table
| Full Name | Iman Mohamed Abdulmajid (Iman) |
|---|---|
| Occupation | Model, Actress, Entrepreneur |
| Date of Birth | July 25, 1955 |
| Birth Place | Mogadishu, Somalia |
| Country | United States |
| Net Worth (2024) | $120 million |
| Source of Income | Modeling, Cosmetics, Investments |
| Height | 5 ft 9 in (1.75 m) |
| Weight | 128 lbs (58 kg) |
| Ethnicity | Somali |
| Family Members | 2 children, 1 late husband |
Early Life
Iman was born on July 25, 1955, in Mogadishu, Somalia, to a diplomat father and a gynecologist mother. Her upbringing was marked by a mix of traditional Somali culture and exposure to international diplomacy due to her father’s career.
Education
Iman attended high school in Egypt and later moved to Kenya, where she studied political science at the University of Nairobi. Her academic background laid a strong foundation for her future endeavors.
Career Beginnings
Iman’s entry into modeling was serendipitous. She was discovered by American photographer Peter Beard while studying at the University of Nairobi. This chance encounter set the stage for her illustrious career.
Early Modeling Contracts
Iman moved to the United States in 1975 and quickly signed with prestigious modeling agencies. Her striking features and elegant demeanor made her a favorite among top designers and photographers.
Rise to Fame
Iman’s breakthrough came in the late 1970s when she worked with renowned designers like Yves Saint Laurent and Gianni Versace. Her unique look and professional attitude set her apart in the competitive fashion industry.
Iconic Fashion Shows
Throughout the 1980s and 1990s, Iman graced the runways of major fashion shows in Paris, Milan, and New York. Her presence was a staple at events like Paris Fashion Week and the Met Gala.
Acting Career
In addition to modeling, Iman ventured into acting. She made her film debut in "The Human Factor" (1979) and appeared in several movies, including "Out of Africa" (1985) and "No Way Out" (1987).
Television Appearances
Iman also made significant contributions to television, appearing in popular shows such as "Miami Vice" and "The Cosby Show." Her versatility as an actress complemented her modeling career.
Entrepreneurial Ventures
In 1994, Iman founded Iman Cosmetics, a line of makeup products designed for women of color. The brand filled a significant gap in the market and quickly became a success, contributing to her growing wealth.
Other Business Ventures
Iman expanded her entrepreneurial portfolio with ventures in fashion and skincare. She launched a clothing line and collaborated with various brands, further enhancing her financial status.
Financial Achievements
Iman’s modeling career has been highly lucrative. She earned millions from contracts with top fashion houses and advertising campaigns. By the late 1980s, her annual income from modeling alone was estimated at $2 million.
Income from Acting
Iman’s acting career, though secondary to modeling, also contributed significantly to her wealth. She earned substantial amounts from her roles in films and television series.
Revenue from Iman Cosmetics
Iman Cosmetics has been a major source of income. The brand’s annual revenue is estimated to be around $25 million, with Iman earning a substantial share of the profits.
Investments and Assets
Iman has invested wisely in real estate. She owns luxurious properties in New York, Los Angeles, and London. Her primary residence, a lavish penthouse in Manhattan, is valued at $10 million.
Stock Investments
Iman has also made strategic investments in the stock market. She holds shares in prominent companies, including tech giants like Apple and Google. These investments have significantly boosted her net worth.
Net Worth Breakdown (2019-2024)
In 2019, Iman’s net worth was estimated at $90 million. Her income from modeling, acting, and her cosmetics line contributed to this impressive figure.
2020
By 2020, her net worth had increased to $95 million, thanks to the continued success of Iman Cosmetics and her real estate investments.
2021
In 2021, Iman’s net worth saw a significant rise to $100 million. This increase was driven by the growth of her cosmetics brand and successful stock investments.
2022
Iman’s net worth reached $105 million in 2022. Her diversified portfolio and wise investment strategies played a crucial role in this growth.
2023
By 2023, her net worth had climbed to $110 million. The expansion of Iman Cosmetics into international markets contributed to this increase.
2024
As of 2024, Iman’s net worth is estimated at $120 million. Her continuous efforts in business and investments have solidified her financial position.
Factors Contributing to Future Net Worth Projection
The ongoing expansion of Iman Cosmetics into new markets is expected to drive significant revenue growth. The brand’s focus on inclusivity and quality continues to resonate with consumers worldwide.
Real Estate Appreciation
Iman’s real estate holdings are likely to appreciate in value, further boosting her net worth. The demand for luxury properties in prime locations remains strong.
Diversified Investments
Iman’s diversified investment portfolio, including stocks, bonds, and other assets, is expected to generate steady returns. Her strategic approach to investing ensures long-term financial stability.
Philanthropy
Iman is known for her philanthropic efforts. She supports various causes, including education, health, and women’s empowerment. Her charitable contributions reflect her commitment to making a positive impact.
Role as a UN Ambassador
Iman has served as a UN Ambassador for the United Nations High Commissioner for Refugees (UNHCR). Her advocacy work has raised awareness about refugee issues and garnered support for humanitarian initiatives.
Personal Life
Iman was married to the legendary musician David Bowie from 1992 until his passing in 2016. Their marriage was marked by mutual respect and admiration, and they had one daughter together, Alexandria Zahra Jones.
Family Members
Iman has two children: her daughter with David Bowie, Alexandria, and her son from a previous marriage, Zulekha Haywood. She is also known for her close-knit relationships with her extended family.
FAQs About Iman
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What is Iman’s net worth in 2024?
- Iman’s net worth in 2024 is estimated to be $120 million.
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What are the primary sources of Iman’s income?
- Iman’s primary sources of income include modeling, acting, her cosmetics line (Iman Cosmetics), real estate investments, and stock investments.
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How did Iman start her modeling career?
- Iman was discovered by photographer Peter Beard while studying at the University of Nairobi. She then moved to the United States and signed with top modeling agencies.
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What is the annual revenue of Iman Cosmetics?
- The annual revenue of Iman Cosmetics is estimated to be around $25 million.
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What properties does Iman own?
- Iman owns luxurious properties in New York, Los Angeles, and London. Her primary residence is a penthouse in Manhattan valued at $10 million.
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What philanthropic causes does Iman support?
- Iman supports various causes, including education, health, and women’s empowerment. She also serves as a UN Ambassador for the UNHCR.
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Who are Iman’s family members?
- Iman has two children: Alexandria Zahra Jones (daughter with David Bowie) and Zulekha Haywood (son from a previous marriage).
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What are Iman’s future business plans?
- Iman plans to continue expanding Iman Cosmetics into new markets and further diversify her investment portfolio.
Conclusion
Iman’s journey from a young girl in Somalia to an internationally acclaimed supermodel, actress, and entrepreneur is inspiring. Her financial achievements, including a net worth of $120 million in 2024, reflect her hard work, talent, and strategic acumen. As she expands her business ventures and makes wise investments, Iman’s financial future looks exceedingly bright.
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