Giorgio Armani | $9.6 billion

We think it’s safe to say that everyone who is fashionable enough knows who Giorgio Armani is. For those who don’t, he is an Italian fashion designer who is given credit for his popular men’s suits. He reached new heights of popularity back in the ’80s when his “power suits” started to frequently appear on the actors in Miami Vice. He started his business empire during the mid-’70s and it substantially grew over time.

Now, the 86-year-old fashion designer is a billionaire who has a total net worth of $9.6 billion. In 2001, he was regarded as the most successful designer of Italian wear and was regarded as one of the pioneers of red-carpet fashion. Armani signed an agreement with Emaar Properties PJSC in 2005 to operate and build no less than three vacation resorts and seven luxury hotels under the name of Giorgio Armani.