Revealed: P.E Nation founder Pip Edwards’ multimillion-dollar net worth from her trendy streetwear label
The enormous net worth of P.E Nation founder Pip Edwards has been revealed – and it certainly pays to be Sydney’s streetwear queen.
The Australian Financial Review reported that Pip earned a massive $20million in revenue in the last fiscal year.
P.E Nation has quadrupled its profits since it was founded four years ago, having reported $5.2 million in 2016/17.
In the money! The enormous net worth of P.E Nation founder Pip Edwards (pictured) has been revealed – and it certainly pays to be Sydney’s streetwear queen
The brand has collaborated with the like of Caseify, Speedo and clothing giant H&M, which saw a 30-piece collection stocked worldwide.
P.E Nation’s jackets already command prices of up to $450, and can be found in luxury department stores in Australia and around the world.
In September last year, Pip described the growth of the business as ‘exponential’, and said they’d had to move office five times.
‘We’ve just kept growing and growing. We’ve moved office five times to keep up and have a team of 25 at head office now,’ she told Marie Claire.
Rich list: The AFR reported that Pip earned a massive $20million in revenue in the last fiscal year. Pictured: the fashion designer in her multimillion-dollar home in Sydney’s Bondi Beach
The significant revenue isn’t the only momentum driving Pip’s wealth.
She also owns a multimillion-dollar home in Sydney’s Bondi Beach and drives a black Mercedes-Benz convertible worth $70,000.
The fashionista purchased the two-bedroom, two-bathroom beachside property before launching P.E Nation.
She previously told Gritty Pretty: ‘I bought it because of the awesome living space, the garden and the fact it has two garage spaces, which is like gold in Bondi.’
All style! In September last year, Pip called the growth of the business ‘exponential’, explaining they had to move office five times due to the success of the start-up brand
Pip added it was the perfect place for her and her 12-year-old son, Justice, who has enough space to play sport in the front yard.
Despite her faultless work ethic, Pip’s fashion label hasn’t been immune to the economic downturn caused by the coronavirus pandemic.
She told the Australian Financial Review in April that all parts of her business were suffering in April because fewer orders were coming in.
Runaway success! ‘We’ve just kept growing and growing. We’ve moved office five times to keep up and have a team of 25 at head office now,’ Pip told Marie Claire magazine
‘We’ve got debtors increasing, our inventory is increasing and on top of all that our production is running late, so managing that all is quite a headache,’ she said.
Pip added that she was stressed because wholesale orders had slowed down due to store closures.
When asked how she was coping with the stress, she said that she was relying on daily exercise and sunshine.
Chic! Despite her ultra cool girl image, Pip is actually running a multi-million business empire with her explaining the stresses of the pandemic in April. Here in Los Angeles