Shoe Designer Christian Louboutin Is Now A Billionaire
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- Опубліковано 30 тра 2024
- After four decades of keeping his well-heeled clients in his iconic red-soled heels, shoe designer Christian Louboutin is now a billionaire. The 61-year-old designer is stepping into the billionaire ranks thanks to his eponymous fashion brand. While still best-known for its towering stilettos and perilous platforms, the Louboutin brand has expanded into sneakers, bags, and beauty products, as well as lines for men and children.
The company was valued at $3.2 billion last year by Exor, the investment company of Italy’s Agnelli family, which bought a 24% stake in 2021 for about $650 million. Louboutin still owns 35%-which Forbes values at $1.1 billion. That stake makes up most of an estimated $1.2 billion fortune that includes other investments such as the Vermelho Hotel, a luxury resort he opened in southern Portugal last year. Representatives for Louboutin didn’t respond to requests for a comment on the valuation.
Read the full story on Forbes:
www.forbes.com/sites/giacomot...
0:00 Introduction
1:21 Christian Louboutin's Background In Fashion
3:25 How Did Christian Take Over The Fashion World?
5:37 Where Louboutin Stands Today In Pop Culture And Popularity
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Absolutely ❤his fashion n his perfumes are 🤩🤩🤩🤩🤩🤩
KING KEEP SHINING BRIGHT #perfection
still my favorite heels of all time😂
Feels like he's been deserving of this title 🎉🫶❤👏
this commentator could make anything boring.
Right!!! He’s a snooze!
Finished watching 6:47
You can mention that he has Egyptian roots…
Actually Cameroon
Completely irrelevant to the video
@@ryosaeba5693 from wiki: He discovered that he had Egyptian heritage from his biological father
They would never because it doesn’t fit the French brand image…
They're super cute !!!
is it cash or valuation ?
Valuation. Its not cash, unless you sell.
@@NotKimiRaikkonen thanks thats what I thought. I feel a lot this financial news is “ clickbait” fueled by investors. In the last 29 years so many alleged “billionaires”
@@lvbadboyI mean, net worth is just assets minus debt. If you own a company, it's part of your net worth.
@@NotKimiRaikkonenyeah but when most people hear someone is a billionaire they think they have a billionaire dollar in cash. Which he does not
@@ikexbankai sound like most people are misinformed. That's never been the definition of net worth...
He looks sleepy
darth vader and baby yoda are wearing laboutins in space
Cool 😎
Wow
They're very hard to walk in so I had to create my own by purchasing walk on red shoe paint. You wouldn't know they wasn't real. Red bottoms. 🤔😏😔☺️
Time stamp 2:03 ........OMG yesssssss🌹🌹🌹🌹🌹🌹🌹
😊
they look like $20 shoes
You look broke.
Dude
That's christian louboutin
Not louis vuiton
Damnnnnnn
Your description writer is a plagiarist!
🎉🎉🎉❤❤❤❤
Why can't he make more flats?
I've always found high heels sort of cartoonish. It makes women look silly, teetering around like some geisha. You can't run if you need to, can't walk very far, they hurt and are all around impractical. Obviously millions of people like them but I just don't get it.
This video looks and sounds like "ai"
Also goes to show you that money doesnt mean good taste. These are gaudy looking imo.
But is he a GIGILONAIRE?
No
😇🤗
Over priced
I made him a billionnaire😅🥹
Christian Louboutin don't have to explain yourself. 👠
Seems like the designer shoes are dying down again. Without EDD or stimulus money, it's a lot harder to pay $1K on shoes when you have to work for it.
That’s because it’s not meant for people that has Edd or stimulus. I get the poor, unfunny joke you were trying to insinuate ,but that was just tacky.
No sht??
Sad face …… 😔 something within is lost though the outer is a billionaire
How when people dont wear red bottoms no more lol
Quiet luxury trend. Yes. Plus it’s still the go to shoes of the upper middle to the 1%
@@rrsee-zk3zu I own 2 pairs of his shoes and his shoes suck. So I'm upper class? Lol
@@rrsee-zk3zu I haven't purchased his shoes since 2017 tbh. I wear more dior lvmh than CLs. A lot of women stopped wearing red bottoms and wear dior hermes etc. CL red bottoms are dated. Not even 1% wear them
@@rrsee-zk3zu also red bottoms aren't considered quiet luxury. Quiet luxury are brands without logos
@@rrsee-zk3zu btw fun fact I also have 2 suits from savile row. Lol. Maybe I am 1% upper middle class. You own any savile row suits?
I helped make him that rich 😂😂😂