Tory Burch, a 57-year-old executive and philanthropist, shared her reflections on her career and success during a panel on leadership at the 2024 TIME 100 Summit. Despite her achievements, Burch admits that she sometimes struggles to believe how far she has come in the last two decades. Her eponymous brand now has over 300 locations worldwide, and her designs are worn by top figures in the fashion industry.
Burch credits her resilience for her success, emphasizing the highs and lows that have molded her into the leader she is today. With a workforce of over 5,000 employees under her leadership, Burch values the importance of showing up in a positive manner and practicing what she preaches. She believes in being agile in business, maintaining a vision while also being open to change when necessary.
Burch stresses the significance of having a unique perspective and staying true to one’s convictions while being willing to adapt to changing circumstances. She has instilled a sense of resilience in her company, emphasizing the importance of diversity and a strong global presence in order to withstand challenges in any part of the world. Being able to persevere and rise to the occasion in the face of adversity is crucial for success in business and in life.
In addition, Burch encourages others to explore opportunities for passive income through CNBC’s online course and to subscribe to CNBC Make It’s newsletter for valuable insights on achieving success in various aspects of life.