Based off the Forbes’ latest billionaires list here are the 12 wealthiest people in fashion.
#1 Bernard Arnault
Net worth: $41 billion
Forbes billionaires rank: 4
Nationality: French
Background: Arnault, the chairman of luxury conglomerate LVMH, whose stable of brands includes fashion powerhouse Louis Vuitton. He also owns stakes in Bulgari, Hermes, and Carrefour.
In addition to being the fourth richest man in the world, he’s also the richest man in Europe.
Nationality: French
Background: Arnault, the chairman of luxury conglomerate LVMH, whose stable of brands includes fashion powerhouse Louis Vuitton. He also owns stakes in Bulgari, Hermes, and Carrefour.
In addition to being the fourth richest man in the world, he’s also the richest man in Europe.
#2 Amancio Ortega
Net worth: $37.5 billion
Forbes billionaires rank: 5
Nationality: Spanish
Background: Ortega is the former chairman of Indetix, the firm that owns fashion retailers including Zara, Massimo Dutti and Stradivarius, and has 5,000 stores in 77 countries.
#3 Stefan Persson
Net worth:$26 billion
Forbes billionaires rank: 8
Nationality: Swedish
Background: Persson is the chairman of cheap-chic retailer Hennes & Mauritz (H&M), which is known for collaborating with A-list designers from Karl Lagerfeld to Jimmy Choo opened its first stores in Croatia, Singapore and Romania. It now has 2,500 shops in 43 countries.
Persson, who is chairman, bought 5 million additional shares of the company and then gifted 4 million, worth $150 million, to a new employee incentive program. Persson's father, Erling, founded H&M in 1947; Stefan took over in 1982, he gave up the chief executive position in 1998; promoted son, Karl-Johan, 35, to chief executive in July 2009.
Background: Persson is the chairman of cheap-chic retailer Hennes & Mauritz (H&M), which is known for collaborating with A-list designers from Karl Lagerfeld to Jimmy Choo opened its first stores in Croatia, Singapore and Romania. It now has 2,500 shops in 43 countries.
Persson, who is chairman, bought 5 million additional shares of the company and then gifted 4 million, worth $150 million, to a new employee incentive program. Persson's father, Erling, founded H&M in 1947; Stefan took over in 1982, he gave up the chief executive position in 1998; promoted son, Karl-Johan, 35, to chief executive in July 2009.
