- Organization Expert has compiled a list of the wealthiest individuals in the fashion business, based upon Forbes’ Real Time Billionaires ranking and Bloomberg Billionaires Index
- The list includes designers, creators, CEOs, and heiresses who have actually made their fortunes in style, from haute couture to quick style.
- Style’s wealthiest billionaires lag high-end brands such as Louis Vuitton, Gucci, and Chanel, and fast fashion merchants consisting of Uniqlo and Zara
- The 15 richest people in the fashion industry deserve a combined $4108 billion.
- The richest individual in fashion is French business person Bernard Arnault, the chairman of LVMH, who’s worth $88 billion.
- Go to Business Expert’s homepage for more stories.
Organization Expert has actually put together a list of the richest people in the fashion industry, based on Forbes’ Genuine Time Billionaires ranking and Bloomberg Billionaires Index— and the top 15 are worth a combined $4108 billion.
The wealthiest individual in style is Bernard Arnault, the chairman of LVMH, the world’s biggest maker of high-end products that’s behind brands such as Louis Vuitton, Dom Perignon, Christian Dior, and as of November 2019, Tiffany & Co.
Others on the list consist of Giorgio Armani, the creator of Nike, the Japanese billionaire behind Uniqlo, and the Spanish retail magnate who owns Zara.
Keep Reading for the 15 wealthiest people in the fashion industry, ranked in rising order.
Bobbie Edsor added to an earlier variation of this story.
15 Chip Wilson: $6.1 billion
14 Denting Shijia: $6.19 billion
Ding Shijia serves as deputy chaiman of the Fujian-based athletic retail manufacturer Anta Sports Products.
Consisting of the brand names Anta, Fila, Amer Sports and Descente, the business made $3.6 billion in 2018, according to Bloomberg Billionaires Index.
13 Giorgio Armani: $6.27 billion
The cofounder and sole owner of the Armani empire, Giorgio Armani’s luxury fashion home has ventures in haute couture, sportswear, beauty, dining establishments, interior decoration, hotels and resorts, and ready-to-wear style, among others.
The Italian-born fashion designer established his company in 1975 after leaving medical school early. Now, Armani is typically dubbed among the most successful Italian designer in history, with earnings of $2.3 billion in 2018, according to Bloomberg.
Armani owns a 213- foot jet-black superyacht and has houses in Italy and the Caribbean.
11 Anders Holch Povlsen: $6.8 billion
Anders Holch Povlsen is the CEO and sole owner of Danish fashion retailer Bestseller. Povlsen’s parents started the business in 1975 and he was only 28 when his father, Troels Holch Povlsen, made him the sole owner of the company in 1990.
Bestseller is the parent business of 11 style labels that include Vero Moda, Only, and Jack & Jones.
Povlsen, who is the 2nd- richest person in Denmark, likewise has “considerable stakes” in online clothing seller ASOS and payments company Klarna, according to Forbes.
In April 2019, three of Povlsen’s 4 children were eliminated in the Easter Sunday bombings in Sri Lanka that left at least 290 individuals dead.
9. Heinrich Deichmann: $7.12 billion
Heinrich Deichmann is the CEO of global shoe manufacturer Deichmann, founded by his grandpa as a cobbler’s shop in Germany in1913
Deichmann’s reputation for creating inexpensive shoes is ingrained in its history. The family business arranged a pre-owned shoe exchange scheme in order to help struggling clients after the war, according to the business’s site
Today, Deichmann has actually grown to become Europe’s biggest shoe merchant, with more than 4,200 stores in Germany, the United States, and throughout Europe.
7. Leonardo Del Vecchio: $209 billion
Luxottica merged with French lens maker Essilor in 2018 to end up being the world’s largest producer and retailer of sunglasses and prescription glasses.
4. Phil Knight: $404 billion
Phil Knight is the founder of shoe huge Nike Knight, a previous track runner, started the company that would become Nike with his college track coach, Costs Bowerman, in 1964.
Knight retired as chairman of Nike in 2016 after 52 years, according to Forbes.
2. Amancio Ortega: $596 billion
Amancio Ortega made his $60 billion fortune through the Spanish style retail group Inditex, which he established with his ex-wife Rosalia Mera in 1975.
Ortega owns 59%of Inditex, the world’s largest clothes retailer that owns Zara, Pull & Bear, Bershka, Massimo Dutti, Stradivarius, and other brand names, per Bloomberg Billionaires Index