How fashion icon Michael Kors turned a small boutique in his mom's basement into a $5.78 billion global fashion company

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How fashion icon Michael Kors turned a small boutique in his mom's basement into a $5.78 billion global fashion company
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From a small boutique to retail shops around the world, here's how Michael Kors rose to fashion industry stardom and acquired Versace and Jimmy Choo.

Michael Kors closed out New York Fashion Week with his spring/summer 2020 collection this September. It was his 41st NYFW fashion show. In the 38 years since he started out as a fashion designer, Kors has designed for multiple brands, he's taken his own company public, and he's even starred as a judge on Bravo's reality series,"Project Runway." Kors reached billionaire status in 2014, but most recent estimates put him closer to a net worth of $600 million today.

Michael Kors closed out New York Fashion Week with his spring/summer 2020 collection this September. It was his 41st NYFW fashion show. In the 38 years since he started out as a fashion designer, Kors has designed for multiple brands, he's taken his own company public, and he's even starred as a judge on Bravo's reality series,"Project Runway." Kors reached billionaire status in 2014, but most recent estimates put him closer to a net worth of $600 million today.

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