Billionaire status isn't just reserved for tech moguls. Fashion and beauty have long proven to be equally rewarding industries, with several names consistently appearing at the top of Forbes’ billionaires list. In 2025, Bernard Arnault of LVMH continues to hold the crown, but he's not alone—there's a whole cast of industry leaders making their mark.
From the masterminds behind luxury fashion houses to the retail titans reshaping how we shop, here’s a look at the wealthiest figures in fashion and beauty this year.
Richest People in Fashion and Beauty in 2025, According to Forbes
1. Bernard Arnault and Family
Net worth: $145 billion
Source: LVMH
At the helm of LVMH, Bernard Arnault oversees a luxury empire of 75 brands, from Louis Vuitton to Sephora. He made headlines with LVMH’s acquisition of Tiffany & Co., the largest luxury brand purchase in history. Bernard, who brought Christian Dior into the fold in 1984, has successfully passed down his influence to his five children, all of whom play a role in LVMH’s future.
2. Amancio Ortega
Net worth: $124 billion
Source: Zara
Spanish retail magnate Amancio Ortega co-founded Inditex, the parent company of Zara, and transformed the fashion landscape with fast fashion. Ortega, who owns 60% of Inditex, has created a retail powerhouse with over 5,000 stores globally, including brands like Massimo Dutti and Pull & Bear.
3. Francoise Bettencourt Meyers and Family
Net worth: $81.6 billion
Source: L’Oreal
The heiress to the L’Oreal fortune, Francoise Bettencourt Meyers, inherited more than just wealth—she carries the legacy of a beauty empire. As the chair of her family’s philanthropic foundation, she continues to support French innovation while overseeing a significant stake in L’Oreal.
4. Tadashi Yanai and Family
Net worth: $45.1 billion
Source: Uniqlo
Japanese businessman Tadashi Yanai has made Uniqlo a global retail giant, with nearly 2,500 stores worldwide. The founder of Fast Retailing, which owns other brands like Helmut Lang, J Brand and GU, Yanai is aiming to surpass competitors like H&M and Zara to become the world’s largest retailer.
5. Alain and Gerard Wertheimer
Net worth: $36 billion
Source: Chanel
The Wertheimer brothers hold the reins of Chanel, the iconic French luxury brand co-founded by Gabrielle “Coco” Chanel. Under their leadership, Chanel has maintained its position as a symbol of exclusivity and luxury, continuing to uphold the legacy their grandfather built.
6. Phil Knight and Family
Net worth: $35.4 billion
Source: Nike
Phil Knight’s journey from track athlete to co-founder of Nike has solidified him as a titan of the sportswear industry. With Nike’s $51 billion in annual revenue, Phil’s impact on global fashion and culture is undeniable. His philanthropic endeavors, including the Knight Foundation, have seen him give away billions to causes close to his heart.
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7. François Pinault and Family
Net worth: $21.7 billion
Source: Kering
As honorary chairman of Kering, François Pinault oversees luxury brands like Gucci, Saint Laurent, and Balenciaga. What started as a wood company in 1963 has evolved into a luxury empire, with François’ son now running the show. François’ extensive art collection and ownership of auction house Christie's further solidify his cultural influence.
8. Stefan Persson
Net worth: $18.6 billion
Source: H&M
Swedish fashion tycoon Stefan Persson made his fortune with H&M, the global leader in affordable fashion. Though Stefan stepped down from his chairman role in 2020, his legacy in shaping fast fashion remains prominent. Today, his son Karl-Johan leads H&M, ensuring the company’s continued relevance in the ever-evolving fashion world.
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