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The Top 12 Richest People In The Fashion Industry

Joel Brown (Founder of Addicted2Success.com)

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Fashion Industry

Based off the  Forbes’ latest billionaires list (which lists the net worths of the world’s richest as of March 2011) here are the 12 wealthiest people in fashion.

From big box clothes retailers to high-end designers, fashion has made some people very, very wealthy.

The Top 12 Richest People In The Fashion Industry

#1 Bernard Arnault

#1 Bernard Arnault

Net worth: $41 billionForbes 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.

 

#2 Amancio Ortega

#2 Amancio Ortega

Net worth: $31 billion
Forbes billionaires rank: 7

Nationality: Spain

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 Christy Walton

#3 Christy Walton

Net worth: $26.5 billion

Forbes billionaires rank: 10

Nationality: U.S.

Background: Walton is the heir to the Wal-Mart empire, and while the discount big box retailer is not exclusively in the fashion business, it makes a big enough chunk of change selling apparel that we included her in this list.

Apparel made up around 10% of Wal-Mart’s overall sales in 2010, or about $25.8 billion.

 

#4 Stefan Persson

#4 Stefan Persson

Net worth:$24.5Forbes billionaires rank: 13

Nationality: Swedish

Background: Persson is the chairman of cheap-chic retailer Hennes & Mauritz (H&M), which has 2,200 stores worldwide and is known for collaborating with A-list designers from Karl Lagerfeld to Jimmy Choo.

 

#5 Liliane Bettencourt

#5 Liliane Bettencourt

Net worth:$23.5 billionForbes billionaires rank: 15

Nationality: French

Background: Fashion and beauty are inextricably intertwined, and L’Oreal heir Liliane Bettencourt owes her largess to the global cosmetics company founded by her father.

 

#6 Phil Knight

#6 Phil Knight

Net worth: $12.7 billion
Forbes billionaires rank: 60

Nationality: U.S.

Background: Knight, the co-founder of Nike, started by selling running sneakers out of his car and eventually expanded into a footwear and athletic wear empire that did $19 billion in sales last year.

 

#7 Francois Pinault

#7 Francois Pinault

Net worth:$11.5 billion

Forbes billionaires list: 67

Nationality: French

Background: Pinault, a high school dropout, is the majority shareholder of luxury goods conglomerate PPR. Holdings include Gucci, Yves Saint Laurent and Puma.

He’s also the owner of auction house Christie’s, and husband of actress Salma Hayek.

 

#8 Leonardo Del Vecchio

#8 Leonardo Del Vecchio

Net worth: $11 billion
Forbes billionaires rank: 71

Nationality: Italian

Background: Del Vecchio is the founder of Luxottica, the world’s largest manufacturer of sunglasses and prescription eyeglasses, as well as the world’s biggest eyewear retailer.

His company owns over 6,000 retail stores, including Sunglass Hut and LensCrafters.


#9 Tadashi Yanai

#9 Tadashi Yanai

Net worth: $7.6 billion
Forbes billionaires rank: 122

Nationality: Japanese

Background: Yanai is the founder and president of Fast Retailing, which counts the hugely popular apparel retailer Uniqlo among its subsidiaries.


#10 Philip and Cristina Green

#10 Philip and Cristina Green

Net worth: $7.2 billion
Forbes billionaires rank: 132

Nationality: U.K.

Background: The Greens own Topshop, the popular British retail chain that made a huge splash when it landed in New York in 2009.

Phil’s not only interested in apparel–he’s currently in the process of launching a reality show with Simon Cowell.


#11 Galen Weston

#11 Galen Weston

Net worth: $7.1 billion
Forbes billionaires rank: 133

Nationality: Canadian

Background: Weston’s retail empire isn’t strictly apparel, but it includes department store powerhouses such as Holt Renfrew in Canada, Brown Thomas in Ireland and Selfridges in the U.K.

He’s also reportedly interested in buying Barneys New York.


#12 Giorgio Armani

#12 Giorgio Armani

Net worth: $7 billion
Forbes billionaires rank: 136

Nationality: Italian

Background: The designer is also a shrewd businessman. He unveiled a megastore on Manhattan’s Fifth Avenue in 2009 and lent his aesthetic (and name) to a chain of hotels, including one that recently opened in Dubai.

 

Source: Forbes.com

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances.I'm proud to say through my podcast and through this website we have impacted over 100 million lives in the last 6 and a half years.

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4 Comments

4 Comments

  1. Daniel oputa

    Dec 29, 2012 at 12:39 am

    I love fasion an want to become a big time designer

    • M

      Jul 20, 2013 at 12:28 am

      Learn about the business first before you decide. Fashion is not as glamous as it seems. Lots of hard work and politics.

  2. jitendra karki

    Oct 19, 2011 at 3:40 am

    I also want to be successful top model is it possible ?

    • Aiyana Ela

      Sep 11, 2013 at 11:25 am

      Are you sure modelling is the right career for you? Sometimes we think we have sussed out the right career for us but then a few years down the line we find something more suitable.
      Try having a look into your Vedic chart it helps making the best career decisions you can make.

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