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Bernard Arnault and Fashion’s Billionaires

Bernard Arnault and Fashion’s Billionaires

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Forbes profiles the biggest names in fashion, great read:

Even if the economy doesn’t show us more leg for a while, the fortunes of fashion billionaires–who decide what we wear, where we buy it and what bag and shoes goes with it–should remain relatively flush. Though most of the moguls have seen their personal balance sheets falter in the past 12 months, they have seen modest bumps thanks to the market rally since March. The richest man in fashion is, naturally, the richest man in France. Bernard Arnault had a nest egg worth $16.5 billion in March when Forbes published the list of the World’s Billionaires–and is worth even more today as shares of his publicly traded fashion firm LVMH rose 30% since early March. – from Forbes