Sign in
Download Opera News App

Business Industrial

 

Business

 

Billionaires

Meet the 5 Richest Billionaires in Fashion.

It is written in the Bible that, "if you are diligent in what you do, you will stand before kings and not mere men". This saying has been found to be true amongst people who really went the extra mile in what they do.

We have several successful people in many fields of work and they usually top the ladder in their respective fields.

This article will be looking at top billionaires in the fashion industry. They've made a name for themselves and created a brand that everyone wants to associate with.

Here are the top 5 billionaires in the fashion industry worldwide, starting from fifth person.


5. Francois Pinault.

Net worth: $48.2 billion AUD.

He is the honorary chairman of luxury group Kering, which owns fashion brands Saint Laurent, Alexander McQueen and Gucci, Pinault changed the direction of the business to be one of luxury goods after he bought a controlling stake in Gucci Group many years ago.


4. Phil Knight and family.

Net worth: $50.9 billion AUD.

Knight, the founder of sportswear giant Nike, has made quite the fortune. After running track at the University of Oregon, he created Nike shoes with his former track coach, Bill Bowerman. The rest, as they say, is history. We all see Nike wherever we go, he has become a force to reckon with in this industry.


3. Francoise Bettencourt Meyers.

Net worth: $78.3 billion AUD.

She is one of the richest woman in the world, Bettencourt Meyers and her family own 33 per cent of L’Oreal stock, which recorded its best sales growth in more than a decade ago.


2. Amancio Ortega.

Net worth: $93.1 billion AUD.

Ortega is one of the richest men in Europe, co-founding Inditex which is known for its Zara fashion chain. Ortega owns about 60 per cent of Madrid-listed Inditex which has 8 brands, including Massimo Dutti and Pull & Bear.


1. Bernard Arnault

Net worth: $137 billion AUD.

When you oversee an empire of 70 brands, it’s not unlikely that you’d find yourself sitting on top of the World’s Richest List. When it comes to Bernard Arnault, the man whose empire includes luxury brands like Louis Vuitton and Sephora, well, that's his case.

He is also an art collector, chairman and chief executive of LVMH- Moet Hennessy. In April 2018, he became the richest person in fashion, topping Ortega.

He again became the world richest person for a short time in January, 2020.

One thing I noticed about all these billionaires is their simplicity in dressing despite their billions and having a brand with fancy clothes, did you notice that too?

Content created and supplied by: QuantumFashionHacks (via Opera News )

Alexander McQueen Francois Pinault Gucci Phil Knight Saint Laurent

COMMENTS

Load app to read more comments