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Celebrity Net Worth estimates Edith Flagg’s net worth at $100 million at the time of her death in 2014. That figure is a secondary estimate, not a verified estate total: the reviewed sources do not provide a calculation or primary financial records to confirm it.
What was Edith Flagg’s net worth?
The $100 million figure is the estimate published by Celebrity Net Worth. Its profile does not provide a transparent calculation or cite an estate record establishing the amount. The Los Angeles Times obituary describes Flagg’s career but gives no net-worth figure.
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It is therefore accurate to report that Celebrity Net Worth estimated her fortune at $100 million when she died in 2014. It is not accurate to present that number as a confirmed estate value, a verified inheritance, or the value of her company.
How did Edith Flagg make her money?
Flagg built a career in fashion as a designer and business owner. The Los Angeles Times reported that Edith Flagg, Inc. became one of California’s largest women’s sportswear manufacturers at the height of its business.
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Crimplene and her fashion business
While traveling in Switzerland in the mid-1960s, Flagg encountered Crimplene, a knit polyester fabric. She began importing the wash-and-wear material from England and became an early promoter of polyester in fashion, according to the Los Angeles Times.
In an episode of Million Dollar Listing, Flagg described her approach to earning: “I didn’t make money with my money,” she said, explaining that she made money through her own work. The remark speaks to her attitude toward business; it does not verify a particular fortune.
What happened to the company?
The Los Angeles Times reports that Flagg closed her company in 2000 and turned her attention to philanthropic concerns. The obituary does not state a sale price, provide earnings history, or give an estate inventory. Without those figures, the company’s success cannot be converted into a reliable estimate of her personal wealth.
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Is the $100 million figure confirmed?
No primary financial documentation in the reviewed sources confirms it. The estimate appears in a secondary net-worth profile, while the newspaper obituary provides biographical and career information rather than a personal balance sheet. The available evidence does not establish the value of Flagg’s estate, the value of Edith Flagg, Inc., or income attributable to Crimplene.
Those are different measures: an estate’s assets at death, a company’s value, and an individual’s net worth are not interchangeable. The $100 million estimate should remain attributed to the outlet that published it unless a reliable financial record establishes more.
Quick Recap
What the record supports
- Celebrity Net Worth published a $100 million estimate for Flagg at the time of her death in 2014.
- Flagg built a fashion design and manufacturing business and helped popularize imported Crimplene polyester in fashion.
- The Los Angeles Times says she closed her company in 2000, but does not report a sale price or personal net-worth figure.
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