The Business Proposals that Built a Billionaire: Michael Kors edition
In February, fashion designer Michael Kors was added to the world’s billionaires. Since his company went public in late 2011, Kors’ personal fortune has been inching toward the one billion mark. At last, he has arrived.
Kors, you might say, was always destined for stardom. He starred in a Lucky Charms commercial in 1964 during a brief stint as a child actor (his mother, Joan, was a model with plenty of connections).
Kors has had a long and illustrious career in fashion, and reaching billionaire status is simply the latest in his long list of accomplishments. You see Kors is literally a man who has made a name for himself. Born Karl Anderson, Jr., at age five, with the arrival of his mother’s second marriage to a man by the name of “Kors,” young Karl was permitted to rechristen himself.