Saturday, January 19, 2013

Dolce And Gabbana Named Billionaires

Domenico Dolce and Stefano Gabbana have been named billionaires for the first time, according toBloomberg's Billionaires Index. Their eponymous label  is valued at $5.3 billion (£3.3 billion), taking into account the €1.1 billion (£910,000,000), the firm made before tax and interest in 2011.

Dolce, who owns a 41.8 per cent stake in the brand, is thought to have a net worth of $2.2 billion (£1.3 billion), Gabbana controls a 40 per cent stake - accumulating in an estimated wealth of $2.1 billion (£1.3 billion).

Dolce & Gabbana
The designer duo join fellow Italian Sandro Veronesi, the owner of lingerie group Calzedonia Group, who is worth $1.9 billion (£1. 1 billion); LVMH  boss Bernard Arnault who is valued at $30.1 billion (£18.7 billion); and Zara boss Amancio Ortega, whose estimated $57.4 billion (£35.8 billion) fortune makes him the third richest person in the world - coming second only to Microsoft chairman Bill Gates and Mexican business magnate Carlos Slim Helu.

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