Yup. Beloved designer Michael Kors has graduated to billionaire status. According to Bloomberg, shares of Michael Kors Holdings, Ltd. hit $90.39 yesterday. Since Kors, the chief creative officer, owns a 2% stake in the company, this basically means he’s killing it and can now henceforth celebrate February 4 as his billionaire day.
Time to buy some scratch tickets and keep up.
By Joanna Berliner, Editor
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