Michael Kors Is Now a Billionaire

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Photo: David X. Prutting/BFAnyc.com/BFA NYC

Bloomberg reports that after shares of Michael Kors Holdings, Ltd. hit $90.39 at 12:08 P.M. today, the man behind the brand became a billionaire. The chief creative officer, Kors owns a 2 percent stake in the company — and since its IPO in 2011, the brand's been on a roll.

And now, February 4 is Michael Kors' billionaire day, which he can celebrate instead of his birthday if he so chooses. Happy billionaire day, Michael Kors! You can come to his party or not, whatever, he doesn't care, he's a billionaire.