Fashion showed its worth this weekend as the industry’s billionaires topped The Sunday Times Rich List 2012.
The Sunday Times published their renowned Rich List over the weekend, with Britain’s highest earners including George Weston and Sir Phillip Green. Along with his family, Weston made the top ten richest people in Britain boasting a net worth of £5.90bn. Operating fashion businesses at both ends of the spectrum, his holdings include Selfridges and Primark. The Arcadia empire came next in line, with Green and his wife ranking 17th at a total of £3.30bn.
Others included Lawrence Stroll of designer labels, Michael Kors, Tommy Hilfiger and Pepe Jeans. Christina Ong and family also made the list with their shareholdings in Mulberry and franchises with Giorgio Armani and Donna Karan.
Despite the UK’s turbulent economy, the fashion industry proved itself as one worth investing in as the combined wealth of Britain’s 1,000 richest men and women rose to record levels this year.