![\"Mike](\"https:\/\/hollywoodlife.com\/wp-content\/uploads\/2024\/10\/GettyImages-75470078_8828a5-e1729614886178.jpeg?resize=384%2C216\")
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When Mike Jeffries<\/strong> stepped down as CEO of Abercrombie & Fitch, some assumed that it was because of the company\u2019s downturn in sales. However, the businessman was eventually accused \u2014 and indicted on \u2014 multiple charges related to sex trafficking<\/a>, which allegedly occurred during his time working for the fashion brand. Even after his departure from the company, Jeffries\u2019 net worth didn\u2019t suffer significantly, but an indictment could change that.<\/p>\n Hollywood Life<\/strong> has the details on Jeffries\u2019 current net worth and more about his employment with Abercrombie & Fitch, below.<\/p>\n Jeffries was the CEO and Chairman of Abercrombie & Fitch from 1992 to 2014. He created the brand\u2019s exclusionary \u201ccool\u201d kids look. \u201cBefore stepping down in 2014, he faced criticism for leading the all-white male marketing image of the retailer.<\/p>\n According to Celebrity Net Worth<\/a>, Jeffries earned around $400 million in his salary, equity and bonuses within a 10-year period while working for Abercrombie & Fitch. \u201cUpon his departure, A&F agreed to pay Jeffries $1 million annually for the rest of his life, in addition to a $27 million retirement package.<\/p>\n However, Abercrombie & Fitch retracted its $1 million annual bonus to Jeffries after sex trafficking claims surfaced in late 2023.<\/p>\n Jeffries currently has a net worth of $300 million, according to Celebrity Net Worth<\/a>.<\/p>\n Jeffries and his partner, Matthew Smith<\/strong>, were arrested in West Palm Beach, Florida, in October 2024, according to NBC News. Jeffries\u2019 other associate, James Jacobson<\/strong>, was arrested in Wisconsin. The three will appear in federal court in Florida and Wisconsin and will be arraigned at a later date in New York, the outlet reported<\/p>\n According to the indictment, Jeffries, Smith and Jacobson were accused of leading an \u201cinternational sex trafficking and prostitution business<\/a>\u201d from 2008 to 2015 while Jeffries was the CEO of Abercrombie & Fitch. The three allegedly \u201cemployed coercive, fraudulent and deceptive tactics in connection with the recruitment, hiring, transportation, obtaining, maintaining, solicitation and payment of the men to engage in commercial sex.\u201d<\/p>\n Jeffries and the two associates allegedly recruited men \u2014 many of whom had modeling aspirations \u2014 to engage in sexual acts at parties. Victims were required to sign non-disclosure agreements and hand over their wallets and phones during the events, per NBC News.<\/p>\n \n\t\t<\/div>\n![\"Mike](\"https:\/\/hollywoodlife.com\/wp-content\/uploads\/2024\/10\/GettyImages-75467137_337889-e1729614925593.jpeg?quality=100&w=749&resize=749%2C1024\")
Who Is Mike Jeffries?<\/h2>\n
Mike Jeffries\u2019 Salary as the Abercrombie & Fitch CEO<\/h2>\n
What Is Mike Jeffries Worth in 2024?<\/h2>\n
Where Is Mike Jeffries Now?<\/h2>\n