Published 18:06 IST, April 18th 2020
Anna Wintour to get 20% cut in her million dollars annual salary due to COVID-19 pandemic
Anna Wintour, Vogue US artistic director popular for her unique hairstyle and oversized shades will receive a 20% pay cut in her annual million dollars salary.
- Lifestyle News
- 2 min read
Popular American celeb Anna Wintour is recently making headlines for her magnanimous net worth and salary. Reportedly the editor-in-chief/ artistic director of Vogue US is set to get a 20% cut from her two million dollars annual pay. This decision is taken to overcome the financial crisis, due to the unprecedented coronavirus pandemic situation.
Source: Anna Wintour Instagram
Anna Wintour to get a 20% deduction in Salary, know why
Anna Wintour is counted amongst the richest people in the Fashion Industry on a global level. She has been a part of Vogue since 1988 and is a major contributor to the company's impeccable success. Well as per reports, Anna Wintour's annual salary is somewhere above 2 million US dollars.
Source: Anna Wintour Instagram
Now, with the economy of the US also affected in wake of coronavirus pandemic, all employees in of Vogue United States who come in the bracket of $10K salary will get pay cut by a whopping 20%. This list also includes Anna Wintour's name. Hence the Vogue's artistic director will witness a pay cut of 20% from her salary. The news about Anna Wintour's surreal net worth and salary broke in the year 2005, and it was reported that 15 years earlier she earned $2 million per year. We are certain that now her annual pay is way more than that. As per a leading daily, Anna Wintour's net worth in 2019 was $35 million.
Apart from Anna Wintour, the entire board of directors Vogue US will also experience pay cuts in their respective take-home salaries by 20% for 2020. In fact, Roger Lynch, the company CEO, in an official announcement, also stated that he will take only 50% of his full salary from May onwards for 2020. Reportedly, the step is taken by the management board to overcome losses suffered and ensure smooth functioning of the firm henceforth.
Updated 18:06 IST, April 18th 2020