Andrew Oshrin Net Worth 2026: Milly Co-Founder and Its Sale

No reputable outlet has published a net worth for Andrew Oshrin, and the $15 million figure that used to appear here had no source, so it has been removed. Oshrin is best known as the co-founder and longtime chief executive of Milly, the New York contemporary fashion label he started in 2000 with designer Michelle Smith. At its peak Milly grossed about $50 million a year, but by 2019 it was in a cash crunch and its brand and selected assets were sold to a unit of S. Rothschild & Co. for $5.7 million, according to WWD.

What Is Andrew Oshrin's Net Worth?

There is no sourced estimate. Milly was a private company, and neither Oshrin's ownership share nor what he took out of the business over two decades has been reported. The old page described him as a serial CEO of "various firms in NYC and the US" and as a higher-education entrepreneur. We found nothing to support either description; his documented career is in fashion, centered on Milly.

The public numbers are about the company, not the man: a $50,000 starting investment, a first-year revenue goal of $1.2 million, peak annual sales of about $50 million, and a $5.7 million sale price in 2019.

Andrew Oshrin Yearly Earnings, Monthly Income and Salary

The previous version listed a yearly income of $750,000, $62,500 a month and $2,000 a day. Those figures had no source and have been removed. Milly never disclosed executive pay. A nonprofit filing summarized by GuideStar lists him as CEO of Milly LLC in his role as a director of the charity Publicolor, but it does not show his salary from the company.

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How Milly Was Built

Oshrin met Michelle Smith in 1996, when he was a production manager at an outerwear company called Gallery and she interviewed for an entry-level design job there, according to a profile of Smith published by her former high school. In 2000 the couple, then dating, launched Milly. Oshrin put up an initial $50,000.

• Early growth: The goal was $1.2 million in first-year sales. The profile says Milly hit it in three months and was profitable within a year.
• Peak: Milly grossed about $50 million a year at its height. It sold through Neiman Marcus, Saks Fifth Avenue, Bloomingdale's and Barneys and ran boutiques including one on Madison Avenue and one in East Hampton.
• Profile moment: Michelle Obama wore a Milly dress in her official portrait by Amy Sherald, made public in February 2018, the New York Times reported.

Smith was the creative director and Oshrin was the chief executive. In a 2019 interview with WWD, he said Milly's online business had grown 72 percent in 2018.

The 2019 Sale of Milly

By early 2019, WWD reported, Milly was struggling with a cash shortage and slower department-store sales, and was talking to several possible investors. In April 2019 the brand's intellectual property and selected assets, including designs, inventory and supplier relationships, were sold to MMJ LLC, a subsidiary of S. Rothschild, a 138-year-old private apparel company. The price was not disclosed at the time. WWD later reported it as $5.7 million.

At the time of the sale Milly was doing about $43 million in wholesale volume. Oshrin told WWD that 16 to 20 employees would move to S. Rothschild with the brand and that the new owner had the money to reinvigorate it. The Madison Avenue and East Hampton stores were expected to close.

Career Timeline

Family and Personal Life

Oshrin married Michelle Smith in 2003, and the two separated in 2017, according to the New York Times and People. The old page said he "is married to Michelle Smith." That is out of date: WWD reported in April 2019 that the pair were in the middle of divorce proceedings. Smith later told People that working with a former partner had become very difficult, and she left Milly in 2019 to start her own label. The couple have children, whom Smith mentioned in the same interview; their names are private and we do not publish them.

His age, height and weight, which the old page gave as 45, 5 feet 9 inches and 70 kg, are not in any reliable source and have been removed. The old page's claim that he holds an economics degree from the University of Pennsylvania and an MBA from NYU Stern could not be confirmed and has also been removed.

Philanthropy

Oshrin has served as a director of Publicolor, a New York nonprofit that runs education programs for students, according to its tax filings on ProPublica.

Why There Is No Reliable Estimate

Milly's revenue is documented, but profit, ownership split and any payments to the founders are not. The sale price of $5.7 million was small relative to the brand's peak sales, and it came during a divorce, which makes any split of proceeds impossible to know from the outside. For those reasons we do not print a figure. For another fashion founder's profile, see Brittany Sjogren.