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That's £200,000 and eighteen months of mentoring.
A winner will be named next month.
Runners-up were Tabitha Simmons and Jennifer Meyer Maguire of Jennifer Meyer.
And Charlotte Dellal wore themed shoes.
Needless to say, his daughter wasn't one of the winners.
Art director Trey Laird talks us through the making of this year's CFDA program.
SNL's Seth Meyers will host, and Johnny Depp will hopefully wear his weirdest hat to receive his Fashion Icon prize.
And Vogue.com won the People's Voice award for the second year in a row.
He beat out Sarah Burton's wedding gown for the Duchess of Cambridge.
A banner year for Blakely, so far.
Naomi Campbell, Mulberry, Nicholas Kirkwood, and Burberry also won prizes.
Other nominees include Richard Nicoll, Peter Pilotto, E Tautz, Charlotte Olympia, and Osman Yousefzada.
Along with Lara Stone and Rosie Huntington-Whiteley.
The same people get nominated from year to year, but the politics involved in the awards can get intense.
Wang now finds himself in the same category as not only Jacobs, but Donna Karan.