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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.
Shoe Designer Christian Louboutin Is Now A Billionaire
⏲ 6:47 👁 430K
Techmoan
Rechargeable Vacuum Cleaner - The Gtech Air Ram Review
⏲ 7 minutes 57 seconds 👁 103.4K
Paige Fischer
Unplugged
⏲ 6 minutes 51 seconds 👁 2M
Her appearance was disgusted by her husband, and she took revenge on him after becoming beautiful.
Her appearance was disgusted by her husband, and she took revenge on him after becoming beautiful.
⏲ 2:17:34 👁 35K
Facts Verse
The One and Only WD40 Trick Everyone Should Know and 25 Other Uses
⏲ 7 minutes 1 second 👁 3.7M
Lords Electrical
Shark HZ500UKT Corded Vacuum Cleaner Explanation
⏲ 15 minutes 38 seconds 👁 15.3K
Her appearance was disgusted by her husband, and she took revenge on him after becoming beautiful.
Her appearance was disgusted by her husband, and she took revenge on him after becoming beautiful.
⏲ 2:17:34 👁 10K
YourHomeStyle
We review the Gtech Pro 2 K9 vacuum cleaner 🐾
⏲ 54 seconds 👁 634
Garden Power Tools
GTech Pro 2 (New) Review
⏲ 8 minutes 2 seconds 👁 12.3K
Her appearance was disgusted by her husband, and she took revenge on him after becoming beautiful.
Her appearance was disgusted by her husband, and she took revenge on him after becoming beautiful.
⏲ 2:17:34 👁 30K
Gtech Singapore
Gtech Pro K9
⏲ 1 minute 👁 886
Gtech
Introducing the new Gtech HyLite | TV Infomercial
⏲ 30 minutes 1 second 👁 15.8K
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