Michael Kors who identifies himself as a jetsetter and the 2% owner of the luxury goods company became today a billionaire. According to Business Insider his shares surged more than 18% to $90.68 after posting better than expected. For those who enjoy sporting his designs one can see why the company is valued at $390 million. The quality of craftmanship isclean, easy to wear and it shows in all of his designs. His detail to every design from clothing to accessories is evident.
According to news reports, CEO Michael Kors has collected more than $700 million selling stock since it became a public company in 2011.
Congratulations to Michael Kors on making this elite group, well deserved.
What do you think, do you own any Michael Kors goods? What do you like or dislike about the Michael Kors line?