Forbes declares Ralph Lauren richest man in fashion

 Forbes has named American fashion designer and business executive Ralph Lauren as the richest man in fashion.

Lauren, 72, topped the 400 list with a net worth of $6.5 billion, more than his financial estimate last year. By the way Lauren is the the 122nd wealthiest person on Earth.

Other fashion industry insiders on the rich list include Leslie Wexner (No. 83, $4.4 billion) who owns the Limited Group and Victoria’s Secret, Richard Hayne (No. 328, $1.4 billion), who owns Urban Outfitters, and several members of GAP’s Fisher family (Doris, No. 142, $2.9 billion; John, No. 206, $2.3 billion; Robert, No. 285, $1.7billion)

In early 1987, Lauren was diagnosed with a benign brain tumour. In April of that year, he underwent surgery to remove the tumour and made a full recovery.

He is best known for his Polo Ralph Lauren clothing brand.