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_shoe-designer-christian-louboutin-is-now-a-billionaire.webp "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.<br/><br/>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.<br/><br/>Read the full story on Forbes:<br/>https://www.forbes.com/sites/giacomotognini/2024/04/01/christian-louboutin-net-worth-billionaire-shoe-designer/<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_how-backdooring-ruined-sneaker-reselling-ben-kickz-qiasomar-amp-more.webp "not tripping")
⏲ 10 minutes 38 seconds 👁 86.3K
_top-5-sneaker-brands-you-forgot-part-2.webp "Hes Kicks")
_kinston-hospital39s-video-thanking-brandon-ingram.webp "Kinston's Lenoir UNC Health Care hospital made a video showing its employees using the 982 pairs of Adidas sneakers donated by former Duke and current New Orleans Pelicans star Brandon Ingram")
_i-destroyed-mschf-shoes-heres-whats-inside.webp "Steve Natto Sneaker Reviews")
_lick-my-football-boots-and-sniff-my-socks.webp "Young Master")
_crazylegs-crane-e08-16-sneaker-snack-hd.webp "Crazylegs Crane (E08_16) - Sneaker Snack HD from badmasterboys sneaker fenish")
_the-363000-sneaker-nobody-wants.webp "SneakerPhetish")
_5-things-i-wish-i-knew-sooner-about-sneakers.webp "Eddie Win")
_crazylegs-crane-e08-16-sneaker-snack-hd.webp "Crazylegs Crane (E08_16) - Sneaker Snack HD from badmasterboys sneaker fenish")
_nike-air-max-1-parra-cherrywood-full-restoration.webp "Sneaker BOYZ")
_can-i-lick-your-shoes.webp "oshu")
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