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

just-style market research sale

Are you planning for the year ahead and beyond? Well this week we’re offering great deals on some of our market research......

BLOG

Gearing up for the holiday shopping season

The volume of US apparel imports saw an increase in October on the prior year as retailers geared up for the holiday shopping season. Bangladesh booked the second highest growth behind India, reversin...

BLOG

Innovations to boost sustainability

Hong Kong-based textile and apparel giant Esquel Group, the world's largest woven shirt maker, is pushing ahead with the pursuit of sustainable and holistic quality. ...

BLOG

Sign up to try new re:source apparel sourcing tool for free

The old saying "Good things come to those who wait" is certainly true for re:source, the new suite of data-driven sourcing tools being developed by the team here at just-style....

just-style homepage



Forgot your password?