Fashion

Michael Kors is now a billionaire!

By:
Elle Canada
Fashion

Michael Kors is now a billionaire!

By:

ichaelkorsbillionaireMichael Kors and supe Karolina Kurkova. Image courtesy of @michaelkors on Instagram

Congrats to Michael Kors, who has officially reached billionaire status, according to Forbes magazine. Yesterday, shares of his company rose more than 17 percent on the stock market. Translation: Ka-ching! Kors now joins the ranks of other billionaire fashion entrepreneurs like Tory Burch and Spanx's Sara Blakely. Something tells us his show at New York Fashion Week next Wednesday will have an extra celebratory tone. READ MORE: Our top 20 looks from Michael Kors' Fall 2013 show Michael Kors' beauty exclusive Miranda Kerr and Michael Kors celebrate with ELLE Japan
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Michael Kors is now a billionaire!