When it comes to lifestyles of the rich and famous, clothing is often a top consideration. The foundation of first impressions and a necessity in everyday life, the wealthiest people in the world see clothing as much more than just a required covering.
Instead, it’s a statement, an opportunity for art, and a way to express very specific ideals and traits. Because clothing is such a critical statement piece, the billionaires of the world won’t settle for Target brands. Often, they turn to these top ten most valuable lines when they want to pick up something new:
Luxury Lines of the Rich and Famous
As the top ten most valuable brands of luxury clothing in the world, these designers stand out among the millionaires and billionaires of the world:
1. Louis Vuitton
With a valuation of $28.4 billion, Louis Vuitton was founded in 1984 and has reigned as the single most expensive luxury brand in the world since then. Known primarily for their famous handbags, emblazoned with the iconic “LV” logo, Louis Vuitton also sells watches and shoes, and items from this collection are a real status symbol among the rich and famous.
Valued at $19.2 billion, Hermes is a French company founded in 1837. Previously ranked no. 40 on the Brandz “Top 100 Most Valuable Global Brands List,” Hermes manufactures everything from shoes to bags but is best-known for their iconic orange Birkin handbag, which routinely sells for more than $20,000 online. In fact, such a bag set a world record in 2011 when it sold for $203,150 and became the single most expensive handbag ever to be sold at an auction.
Gucci is a Florence, Italy-based company with a global valuation of $12.7 billion. One of the few luxury brands to experience a significant boom in the last several years, Gucci’s value has ballooned by 48% in recent years. Like LV and Hermes, Gucci’s most famous offering is a crocodile bag, which sells for $35,000.
Prada is an Italian brand that was founded in 1913 by Mario Prada in Milan. Valued at over $9.4 billion, Prada is best-known for its shoes and Ostrich leather bags, which retail for more than $10,000 each. Today, a Prada bag is a status symbol, and anyone looking to take a step up in the world needs one to complete the look.
Rolex got its start manufacturing driver’s watches and is now worth $7.9 billion. Founded in 1905, Rolex currently has its headquarters in Geneva, Switzerland. While the company manufactures a wide variety of watches, one of its most expensive is a piece from the brand’s Pearlmaster collection, which retails for $53,000.
Founded by Coco Chanel in 1909, Chanel is headquartered in Paris and produces everything from Chanel No. 5 perfume to luxury handbags and shoes. While the brand is known for many things, it’s possibly most famous for having claimed celebrities like Marilyn Monroe as true devotees of the products. With a valuation of $7 billion, Chanel continues to stand out as one of the foremost luxury brands in the world.
Cartier is a French luxury brand that specializes in watches and jewelry. Founded in 1847, the company is currently headquartered in Paris and stands out as one of the top luxury brands in the world, with more than 200 global stores and a valuation of $6.3 billion.
Burberry is a London-based company that specializes in creating luxury goods and outerwear. While Burberry stakes claim to the famous Burberry coat, made entirely of peacock feathers and boasting a sales price of $35,000, its best-known for its Burberry plaid scarfs and jackets, which feature a distinctive gray, tan, and red color scheme.
The tenth most valuable luxury goods brand in the world, Coach was founded in 1941 in New York, New York. With more than 600 stores around the world and a valuation of $3.2 billion, Coach has claimed a solid position as one of the most sought-after luxury clothing brands in the world. Its crowning glory? A handbag collaboration with Billy Reid which sells for more than $20,000.
While there are dozens of ways to live a luxury lifestyle, these ten top luxury brands represent the shortcut to the top.