The 2012 Forbes’ Billionaire List is laced with fashion moguls, but not just the fancy kind. While the rankings include CEOs and household names (Giorgio Armani, Ralph Lauren), it’s also sprinkled with some more under-the-radar entries, like the founder of Spanx (the youngest woman on the list at 41). And there’s also a bevy of fast fashion tycoons, clearly laughing their way to the .0001% of the 1%, one $7 t-shirt at a time.
Read on to see some of the most notable fashion industry billionaires who made the list this year:
Forbes Billionaires Ranking: #4
Estimated Net Worth: $41 billion
Job: Chariman and CEO of luxury conglomerate LVMH, which owns high-end labels like Céline, Donna Karan, Fendi and Marc Jacobs. And Louis Vuitton, since that’s what the “LV” stands for.
Forbes Billionaires Ranking: #59
Estimated Net Worth: $13 billion
Job: CEO of conglomerate PPR, which owns luxe labels like Gucci, Yves Saint Laurent and Stella McCartney. Also, he’s married to Salma Hayek.
Sir Philip Green
Forbes Billionaires Ranking: #255
Estimated Net Worth: $4.2 billion
Job: Owner of Topshop. (Hence the “sir”.)