Designers who produce clothes that make people feel good and look cool with almost no effort stand to make a lot of money. Plus, they don’t have to charge an arm and a leg. Royal family member Kate Middleton loves affordable clothing brands, such as Zara, even though she can afford almost anything she wants.
Let’s explore fashion’s best of the best, and look at how they got that way.
The richest fashion designers in the world
What’s one way to tell you’re great at what you do? You only need one name or a nickname to identify yourself. The most famous and richest fashion designers fall into that category.
Kors. Wang. Klein. Prada. They’re celebrated designers, and they’re wealthier than most people can imagine. The 12 people we’re about to meet are worth nearly $40 billion combined.
12. Michael Kors
Net worth: $600 million
Most of Kors’ wealth comes from his Michael Kors Runway Collection, Michael, and Kors fashion lines, but he’s also been a judge on the TV show Project Runway.
12. Vera Wang
Net worth: $650 million
Vera Wang is basically a wedding dress designer for the stars (or anyone who’s willing to pay five figures for a dress they were once). Kohl’s sells her Simply Vera collection.
10. Calvin Klein
Net worth: $700 million
Klein started out designing suits and coats for men in 1968. Now, it includes underwear, shirts, sweaters, and fragrances for men and women.
9. Pierre Cardin
Net worth: $800 million
Pierre Cardin has been a mainstay in the industry for years, and he’s one of the richest fashions designers in the world because of it. So how does he spend his fortune? Well, he partnered with a Swiss automaker on a car design in the 1970s.
8. Tory Burch
Net worth: $1 billion
A onetime PR and advertising executive for Vera Wang and Ralph Lauren, Tory Burch started her own line in 2004. In practically no time at all, her jewelry, shoes, handbags, and women’ clothes have turned her into a billionaire.
7. Diane Von Furstenberg
Net worth: $1.2 billion
The wrap dress Von Furstenberg designed in the 1970s remains a popular design choice for women more than 40 years later.
6. Valentino Garavani
Net worth: $1.5 billion
The man who only needs go by one name (Valentino) has dozens of world famous clients and net worth well clear of $1 billion.
4. Domenico Dolce and Stefano Gabbana (TIE)
Net worth: $1.7 billion
You can’t mention the Dolce without the Gabbana. They aren’t a romantic couple anymore, but they still work together on their well-established haute brand that makes each of them worth nearly $2 billion.
3. Ralph Lauren
Net worth: $8.2 billion
Ralph Lauren has been a leader in the fashion world since 1968, and he’s one richest designers in the world.
2. Giorgio Armani
Net worth: $9.6 billion
How do you amass a nearly $10 billion fortune in the fashion world? You make exceptional, world-famous clothes that are worth splurging on.
1. Miuccia Prada
Net worth: $11.1 billion
Miuccia Prada is poised to remain the richest fashion designer for a while. Her brand is a mainstay in Meghan Markle’s style choices, so a legion of loyal royal family fans will be looking to snap up Prada handbags for the foreseeable future