The 5 Richest People In Fashion

Forbes released their annual list of richest people on the planet. These are the 1% whose wealth owns as much as the rest of the world combined. Aren’t you green with envy?

There were a few shake-ups with this year’s billionaires as their net worth fell averagely around $300 million per person. That’s about Micronesia 2014 GDP.

Here’s the list:

2. Amancio Ortega, founder of Zara

Net worth: $68.2 billion. Fun fact: Ortega displaced Telecom’s Carlos Slim in the #2 spot this year.

That’s about the size of Luxembourg’s GDP.

14. Bernard Arnault, CEO of LVMH

Net worth: $34.9 billion. Fun fact: Arnault is the second richest person in France.

That’s about the size of Ghana’s GDP.

Bernard Arnault image from telegraph.co.uk
Bernard Arnault image from telegraph.co.uk

24. Phil Knight, founder of Nike

Net worth: $26.1 billion. Fun fact: Knight stepped down as chairman of the company last year.

That’s about the size of Estonia’s GDP.

32. Stefan Persson, co-owner and chairman of H&M

Net worth: $20.8 billion. Fun fact: H&M has plans to open more than one store every day in 2016.

That’s about the size of Afghanistan’s GDP.

37. Leonardo Del Vecchio, founder of Luxottica (world’s largest retailer of sunglasses)

Net worth: $18.7 billion. Fun fact: Del Vecchio celebrated his 80th birthday by giving away $10 million in shares to Luxottica employees.

That’s about the size of Brunei’s GDP.

Source.

Isn’t it funny that as much as they say that fashion is a woman’s world, the ones who sit on the throne are all men. And if you ever look down at fast fashion, 3 out of 5 of the biggest fashion players sell the cheapest fashion you can find. The best way to get rich after all, is to pander to the masses and sell cheap. That’s how you make money.