Kate Spade's net worth revealed as fashion world loses an icon

Fashion designer Kate Spade died on June 5 of suicide by hanging, TMZ reported. Spade was 55.

According to reports, Spade — who was best known for her line of eponymous handbags — was found by her housekeeper in her Park Avenue home. She was pronounced dead on the scene. It has also been reported that she left a suicide note.

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Kate Spade Net Worth: $200 Million

Kate Spade got her start in the fashion world as an accessories editor at Mademoiselle magazine. In 1993, she debuted her first handbag collection, which paired sleek, utilitarian shapes with bold colors — a look that went on to become her signature, along with a witty sensibility embodied by one of Spade’s famous quotes about her customers, which often appeared on merchandise: “Quick and curious and playful and strong.”

12 PHOTOS
Celebs wearing Kate Spade throughout the years
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Celebs wearing Kate Spade throughout the years
NEW YORK, NY - JULY 07: Taylor Swift is seen on July 07, 2014 in New York City holding a Kate Spade Purse. (Photo by Gardiner Anderson/Bauer-Griffin/GC Images)
LONDON, UNITED KINGDOM - OCTOBER 10: Catherine, Duchess of Cambridge attends the World Mental Health Day celebration with Heads Together at the London Eye on October 10, 2016 in London, England. (Photo by Max Mumby/Indigo/Getty Images)
PORT WASHINGTON, NY - JUNE 25: Leighton Meester holding a woven Kate Spade purse and Blake Lively on location for 'Gossip Girl' on June 25, 2008 in Port Washington, New York. (Photo by James Devaney/WireImage)
NEW YORK, NY - MARCH 20: Victoria Justice is seen wearing Kate Spade in Gramercy Park on March 20, 2018 in New York City. (Photo by Gotham/Getty Images)
NEW YORK, NY - FEBRUARY 09: Actor Isla Fisher Kate Spade presentation during New York Fashion Week: The Shows on February 9, 2018 in New York City. (Photo by Monica Schipper/Getty Images for New York Fashion Week: The Shows)
NEW YORK, NY - JUNE 05: Mandy Moore attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom on June 5, 2017 in New York City. (Photo by Presley Ann/Patrick McMullan via Getty Images)
NEW YORK, NY - JUNE 05: Ellie Kemper attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom on June 5, 2017 in New York City. (Photo by Taylor Hill/FilmMagic)
MAY 31, 2017: SYDNEY, NSW - (EUROPE AND AUSTRALASIA OUT) Newly married Pippa Middleton boards a seaplane in a Kate Spade stripe dress after enjoying lunch with husband James Matthews at the Cottage Point Inn in Sydney, New South Wales. (Photo by Rohan Kelly/Newspix/Getty Images)
LONDON, ENGLAND - NOVEMBER 28: (EMBARGOED FOR PUBLICATION IN UK NEWSPAPERS UNTIL 24 HOURS AFTER CREATE DATE AND TIME) Catherine, Duchess of Cambridge visits The Foundling Museum on November 28, 2017 in London, England. (Photo by Karwai Tang/WireImage)
NEW YORK, NY - FEBRUARY 09: Actor Lucy Hale attends the Kate Spade presentation during New York Fashion Week: The Shows on February 9, 2018 in New York City. (Photo by Monica Schipper/Getty Images for New York Fashion Week: The Shows)
LOS ANGELES, CA - JANUARY 07: Actress Millie Bobby Brown arrives at The BAFTA Tea Party at Four Seasons Hotel Los Angeles at Beverly Hills on January 7, 2017 in Los Angeles, California. (Photo by Gregg DeGuire/WireImage)
NEW YORK, NY - FEBRUARY 12: Actress Jamie Chung attends the Kate Spade New York - Presentation - Fall 2016 show during New York Fashion Week at The Rainbow Room on February 12, 2016 in New York City. (Photo by Brian Killian/WireImage)
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The brand grew to become a global phenomenon worth millions. In 1999, Spade sold a majority stake in her company to Neiman Marcus, and eight years later the company was sold to Liz Claiborne for $125 million. Spade and her husband, Andy Spade, left the company shortly after it was sold.

Adding to Spade’s net worth were her real estate holdings. In 2013, Spade listed her Hamptons mansion for $4.75 million, AOL reported. At the time of her death, she lived in an Upper East Side apartment with her husband and daughter. The value of the apartment has not been reported.

Kate Spade Handbags & Kate Spade Purses

Kate Spade’s first handbag collection featured just six silhouettes. Now the brand sells handbags in a large variety of shapes and sizes, and has expanded to include clothing, jewelry, bedding, legwear and fragrance.

RELATED: Celebrities react to Kate Spade's death

12 PHOTOS
Celebrities react to Kate Spade's death
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Celebrities react to Kate Spade's death
My grandmother gave me my first Kate Spade bag when I was in college. I still have it. Holding Kate’s family, frien… https://t.co/GZaUzTVkCF
The CFDA is devastated to hear the news of our friend, colleague, and CFDA member Kate Spade’s tragic passing. – D… https://t.co/kReGp7rIAS
Kate. 😢 You never know what someone is going through. Please call 24/7 Suicide Hotline 1-800-273-8255 ❤️ #katespade
Depression does not discriminate and comes without warning. RIP Kate Spade. Love to her family. National Suicide… https://t.co/IwEmNxaPbk
@DavidSpade - all my love to u dave -
The nicest woman, the first person to compliment me on Liz Lange Maternity when I first started. And the creator of… https://t.co/hmUG1yDVol
Kate Spade & her brand have always been so kind to me the past couple years & I’m crushed to hear about her passing… https://t.co/NYxrYavxt1
Kate Spade’s tragic passing is a painful reminder that we never truly know another’s pain or the burden they carry.… https://t.co/thqy9nbXeU
Very saddened to hear about the passing of Kate Spade. Mental illness does not discriminate and can happen to anyon… https://t.co/1LnxI9hmdy
I loved @katespadeny’s beautiful and whimsical fashions. So sad. Prayers to her family.
Kate Spade was more than a designer. She had a quirky visual language that captivated Bat Mitzvah girls and artists… https://t.co/1ohSdnJU3W
Beyond. https://t.co/NfivxhVbUb
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Some of the bestselling Kate Spade handbag styles are the Cameron Street Corin Saffiano Leather Crossbody, which retails for $178, the Cameron Street Lucie Saffiano Leather Tote, which retails for $298, and the Jackson Street Gabriele Leather Crossbody, which retails for $178. The current collection of Kate Spade handbags sells for $58 to $598. Prices for the bags have increased since Kate Spade was acquired by Coach in May 2017.

Kate Spade’s Frances Valentine

Kate Spade left her namesake company in 2007, but decided to launch a new accessories brand, Frances Valentine, in 2016. The brand — named after her daughter — sells handmade shoes and custom-made handbags.

Find Out: How Much the Leading Fashion Brands Are Worth

RELATED: Kate Spade through the years

18 PHOTOS
Kate Spade through the years
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Kate Spade through the years
Kate Spade during The 2001 VH1/Vogue Fashion Awards - Arrivals at The Hammerstein Ballroom in New York City, New York, United States. (Photo by Jim Spellman/WireImage)
Kate Spade during The Fresh Air Fund Salutes American Heroes at Tavern on the Green in New York City, New York, United States. (Photo by Jim Spellman/WireImage)
Designer Kate Spade arriving at the 2002 Ace Awards presented by The Accessories Council at Cipriani 42nd Street in New York City. November 5, 2002. Photo by Evan Agostini/ImageDirect.
Kate Spade during The Concert for New York City - After Party at Hudson Hotel in New York City, New York, United States. (Photo by Ron Galella/WireImage)
Kate Spade during 13th Annual Glamour Magazine's Women of the Year Awards - Arrivals at Metropolitan Museum of Art in New York City, New York, United States. (Photo by Dimitrios Kambouris/WireImage)
Kate Spade with husband and brother-in-law David Spade at the 20th Annual American Fashion Awards at Avery Fisher Hall, Lincoln Center in New York City. 06/14/2001. Photo: Evan Agostini/ImageDirect
Kate Spade during 17th Annual CFDA Awards at JP Morgan Atrium in New York City, New York, United States. (Photo by Ron Galella/WireImage)
Designer Kate Spade is photographed at her offices. (Photo by David Howells/Corbis via Getty Images)
Kate Spade and Andy Spade during Costume Institute Benefit Dance: 'Party of the Year' - Arrivals at Metropolitan Museum of Art in New York City, New York, United States. (Photo by Dimitrios Kambouris/WireImage)
Kate Spade during 14th Annual GLAMOUR Women of the Year Awards - Red Carpet at American Museum of Natural History in New York City, New York, United States. (Photo by Dimitrios Kambouris/WireImage)
Kate Spade (Photo by Carley Margolis/FilmMagic)
Kate Spade during CFDA 7th on Sale Kick-Off - Red Carpet and Inside at Sky Light Studios in New York City, New York, United States. (Photo by Rabbani and Solimene Photography/WireImage for LaForce and Stevens)
NEW YORK - JUNE 7: Designer Kate Spade attends the '2004 CFDA Fashion Awards' at the New York Public Library June 7, 2004 in New York City. (Photo by Evan Agostini/Getty Images)
Kate Spade, Andy Spade and Ruth Lande Shuman, founder/president of Publicolor (Photo by Carley Margolis/FilmMagic)
David Spade and Kate Spade during Photographer's Gallery Presents Slim Aarons Curated by Kate Spade at Fred Segal Cafe in West Hollywood, California, United States. (Photo by Chris Weeks/WireImage)
NEW YORK CITY, NY - APRIL 30: Kate Spade and Andy Spade attend PARSONS The NEW SCHOOL FOR DESIGN 59TH ANNUAL BENEFIT and FASHION SHOW Honoring SUSAN D. KRONICK, Vice Chairman, Federated Department Stores, Inc. at Grand Hyatt on April 30, 2007 in New York City. (Photo by JIMI CELESTE/Patrick McMullan via Getty Images)
NEW YORK, NY - NOVEMBER 10: Kate Spade attends the 2015 Basser Center For BRCA Benefit at Cipriani Wall Street on November 10, 2015 in New York City. (Photo by Daniel Zuchnik/WireImage)
NEW YORK, NY - APRIL 28: Kate Spade speaks on stage at Build Series Presents Kate Spade and Andy Spade Discussing Their Latest Project Frances Valentine at Build Studio on April 28, 2017 in New York City. (Photo by Monica Schipper/WireImage)
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Kate Spade Personal Life

Kate Spade met her husband Andy Spade — brother of David Spade — while attending Arizona State University. The two wed in 1994. After successfully launching Kate Spade New York together, the couple took some time off to focus on raising their daughter when they stepped down from the company in 2007. They began working together again with the launch of Frances Valentine in 2016. Spade leaves behind her daughter Frances, who is 13 years old.

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If you would like to speak with someone, call the National Suicide Prevention Hotline at 1-800-273-8255.

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This article originally appeared on GOBankingRates.com: Kate Spade Net Worth as Fashion World Loses an Icon

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