Jacob & Co: The Luxury Watchmaker with a Billionaire Owner
Introduction
Jacob & Co is a luxury watch and jewelry brand that has been making waves in the high-end timepiece industry for over three decades. The company was founded by Jacob Arabo, a talented entrepreneur with a passion for innovative design and exceptional craftsmanship. In this article, we'll delve into the life and net worth of Jacob Arabo, the owner of Jacob & Co.
Early Life and Career
Jacob Arabo was born in 1964 in Uzbekistan, then part of the Soviet Union. At the age of 14, he immigrated to the United States with his family, settling in New York City. Arabo's fascination with watches began early, and he started repairing timepieces in his father's jewelry store. This sparked a passion that would eventually lead him to create his own luxury watch brand.
In the 1980s, Arabo started designing and creating his own watches, which quickly gained popularity among celebrities and high-net-worth individuals. His big break came in 1992 when he launched Jacob & Co, a brand that would go on to become synonymous with opulence and precision.
Net Worth
Jacob Arabo's net worth is estimated to be around $1.2 billion, making him one of the wealthiest entrepreneurs in the luxury goods industry. His company, Jacob & Co, is valued at over $500 million, with annual sales exceeding $100 million.
Arabo's wealth can be attributed to his innovative approach to watchmaking, which combines cutting-edge technology with traditional craftsmanship. His designs are often inspired by his love of art, architecture, and music, resulting in unique and intricate timepieces that command high prices.
Luxury Watch Collections
Jacob & Co is renowned for its exquisite watch collections, which cater to the tastes of discerning collectors and connoisseurs. Some of the most notable collections include:
- Astral: A series of high-complication watches featuring intricate astronomical displays.
- Five Time Zone: A collection of watches that display five time zones simultaneously.
- Crystal: A line of watches featuring elaborate crystal-set cases and dials.
Philanthropy and Personal Life
Jacob Arabo is not only a successful entrepreneur but also a dedicated philanthropist. He has supported various charitable causes, including the Make-A-Wish Foundation and the United Service Organizations (USO).
Arabo is married to his wife, Maya, and has four children. He resides in New York City and is an avid collector of rare and exotic cars.
Conclusion
Jacob Arabo's rags-to-riches story is a testament to his hard work, innovative spirit, and passion for excellence. As the owner of Jacob & Co, he has created a luxury brand that is revered globally for its exceptional craftsmanship and unique designs. With a net worth of over $1.2 billion, Arabo is a true billionaire entrepreneur who continues to inspire others with his remarkable success story.