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

Hong Kong sustainability scoop

We led on just-style last week with a world exclusive scoop on a number of new projects being unveiled in Hong Kong next month – including the first mill being set up in the territory in more than hal...

BLOG

Spotlight on Central America sourcing

A worsening political and social crisis in Nicaragua is having a spillover effect in Central America, where the spectre of rising violence in Guatemala and El Salvador is threatening to undermine appa...

BLOG

Trump trade war may hit garment prices

With US president Donald Trump now threatening to impose tariffs on all US$500bn of goods imported from China, the upcoming trade war will undoubtedly hit garments. But replacing China means replacing...

BLOG

New re:source online strategic planning tool launched

Today marks an exciting milestone in just-style’s nearly 20-year history, with the official launch of our new re:source online strategic planning tool....

just-style homepage



Forgot your password?