Well, its official, Bernard Arnault has become the richest man in the fashion industry. Those of you who follow the latest fashion news and have the slightest interest in this particular part of the business are likely aware of Arnault's role in the industry. he's one of the most talked about and talented individuals in the industry and has contributed significantly to the way we view 21st century fashion.

Bernard is the head boss of LVMH (Louis Vuitton Moet Hennessey) who's portfolio features prestigious brand name labels like Louis Vuitton, Christian LaCroix and Givenchy, along with many more.

LVMH has topped Forbes list of Fashion's New Aristocrats and is estimated to have a net worth of over 10.7 billion dollars. Some of the high end brands who just missed the title this year include the Fisher family, who owns the Gap. The Gap was estimated to have a net worth of approximately 10.1 billion dollars this year.

Other names who topped this rich list include Leonardo Del VEcchio (owner of Luxottica, who also owns Rayban) at number 5, Alain Wertheimer of Chanel at an estimated 5 billion, Ralph Lauren at number 12 and Miuccia Prada and family rounding out the top 20 at 1.4 billion.

As you can see, its a billion dollar industry out there. If you're looking to become one of the richest people in fashion, these are the contacts to look for.