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.


BLOG

Industry welcoming move to renegotiate NAFTA

The US textile industry has welcomed President Donald Trump's decision to renegotiate NAFTA, saying it is in America's national interest to modernise the trade agreement....

BLOG

Cutting edge technology defining apparel industry

Cutting-edge textile processing products including a new technology for dyeing yarns in a more sustainable manner and a digitalised sewing machine set up via a touchscreen or app, were among the most ...

BLOG

Ethiopia apparel and textile industry making massive gains

just-style's editor Leonie Barrie recently visited Ethiopia to see for herself the massive developments taking place to elevate this East African nation into a compelling new garment and textile sourc...

BLOG

Collaboration remains a challenge

Collaboration between retailers, brands and their suppliers is a mission critical element in developing a slicker and more cost-effective supply chain. But in an increasingly complex fashion environme...

just-style homepage



Forgot your password?