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After four decades of keeping his well-heeled clients in his iconic red-soled heels, shoe designer Christian Louboutin is now a billionaire. The 61-year-old designer is stepping into the billionaire ranks thanks to his eponymous fashion brand. While still best-known for its towering stilettos and perilous platforms, the Louboutin brand has expanded into sneakers, bags, and beauty products, as well as lines for men and children.<br/><br/>The company was valued at $3.2 billion last year by Exor, the investment company of Italy’s Agnelli family, which bought a 24% stake in 2021 for about $650 million. Louboutin still owns 35%—which Forbes values at $1.1 billion. That stake makes up most of an estimated $1.2 billion fortune that includes other investments such as the Vermelho Hotel, a luxury resort he opened in southern Portugal last year. Representatives for Louboutin didn’t respond to requests for a comment on the valuation.<br/><br/>Read the full story on Forbes:<br/>https://www.forbes.com/sites/giacomotognini/2024/04/01/christian-louboutin-net-worth-billionaire-shoe-designer/<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Asia Coffee
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Pop star Selena Gomez has described Rare Beauty as her \
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Cake Decorating School
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TORI SCOTT, from Baytown, Texas, has gone from over 300lbs to a bodybuilding competition - after losing a staggering 160lbs. She was overweight as a child and blamed her weight to binge and emotional eating. The turning point for Tori was when she saw pictures of herself during a vacation and was horrified. After feeling upset with the way she looked, Tori decided to have VSG surgery and began her weight loss and fitness journey. She started to visit the gym at least five times a week and began a vegetarian diet. Her newest goal is to push things even further and she is currently training for her first bodybuilding competition. She told Truly: \
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Harine's Cookbook
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Cakes StepByStep
⏲ 10 minutes 27 seconds 👁 5.3M
The FTC has sued to block Tapestry's proposed $8.5 billion acquisition of Capri Holdings. The deal would combine Tapestry's Coach, Kate Spade, and Stuart Weitzman brands with Capri's Versace, Jimmy Choo, and Michael Kors under one parent company. Regulators argue the merger would harm competition in the fashion industry and negatively impact consumers and workers. Tapestry and Capri dispute the FTC's claims, saying competition remains robust across different price points and retailers. The acquisition aims to help the companies better compete globally against European luxury brands.
⏲ 0:38 👁 13.3M
Karolyns Kakes
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Mumbai market masala
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