Fashions designers dominate the rich list

NEW YORK (AP) -- Giorgio Armani is the wealthiest fashion designer, according to WWDScoop's "rich list."
Also on the list are Ralph Lauren, Donna Karan, Karl Lagerfeld, Miuccia Prada, Pierre Cardin, Calvin Klein, Tommy Hilfiger, Yves Saint Laurent, Domenico Dolce and Stefano Gabbana, and Valentino.
WWDScoop, produced by fashion and retail publisher Fairchild Publications, also points out that Kenneth Cole, Tom Ford and Reed Krakoff have made their millions through Wall Street by "inking sweet licensing deals."
Armani, who is the sole shareholder of his business empire, is estimated to have a fortune worth about $4.6 billion, which includes a 150-foot yacht and a string of homes in Milan, Italy, as well as Paris, New York, and other places.
Lauren is second. His estimated wealth is $3 billion. His salary and bonuses alone in fiscal 2005 totaled $14.3 million, the magazine reported.