Blog: Fast fashion moguls make rich list

Joe Ayling | 11 March 2010

A number of fashion entrepreneurs sit proudly on the 2010 Forbes list of the global billionaires today (11 March).

The morning headlines went to Carlos Slim Helu, the Mexican telecom guru who overtook Internet pioneer Bill Gates to top this year's list.

While there is a US$0.5bn gap in riches between the two, neither will lose any sleep with more than $53bn in the bank.

The fashion hierarchy is led by the man behind luxury goods firm LVMH, Bernard Arnault, who is seventh with a net worth of $27.5bn.

The chart also features the founders of leading fast fashion chains, which are clearly raking it in selling cheap clothing at large volumes, and expanding globally.

Amancio Ortega, the operator of the Inditex Group of fashion chains, came in ninth with a net worth of $25.0bn, while chairman of Hennes & Mauritz (H&M), Stefan Persson, is reportedly worth $22.9bn and finished in 13th spot.

Various people behind Wal-Mart have also acquired considerable wealth through retail, according to Forbes.

By Joe Ayling.

Click here to view the entire list.


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