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Michael Kors Is Now a Billionaire

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.

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

Copyright © 2013, New York Media LLC. All Rights Reserved. The Cut® are registered trademarks of New York Media LLC.

Copyright © 2013, New York Media LLC.
All Rights Reserved.

Copyright © 2013, New York Media LLC. All Rights Reserved.

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