Luxury brands have become popular in this modern age as they give a feeling of power and prestige to the person using them. Luxury brands know this fact very well and that’s why they make products in limited quantiry keeping the value of their products high. In simple words, they make products to satisfy the egos ( mostly) of customers.
To get an idea how much money these luxury brands make, here is a list of the 10 net worth of most expensive brands in the world:
1. Ralph Lauren
Ralph Lauren is a luxury brand of clothing, accessories, and fragrances. The company has a net-worth of over USD 7.4 Billion.
2. Clinique
Clinique is a luxury cosmetic brand with an net-worth of $3.5 billion, according to the Bloomberg ranking. Its cheapest product costs around 900 bucks!
3. Armani
As of 2012, Armani’s net-worth is $3.1 billion. It produces clothes, perfumes, and home decor.
4.Burberry
Burberry has a net-worth of 9.6 USD.
5. Chanel
Chanel makes beauty products, fragrances, jewelry, and much more. Its net- worth is 1.5 Billion USD.
6.Rolex
The Luxury watches brand Rolex has a worth of around 4.5 billion USD.
7. Prada
Owned by Italian fashion designer and entrepreneur, Maria Bianchi Prada, this luxury brand has an estimated net worth of $3.5 billion.
8. Gucci
The net value of GUCCI is around 12.1 billion USD.
9. Dior
Dior has net value equal to 11.9 billion USD.
10. Louis Vuitton
The total revenue generated by Louis Vuitton in 2017 was close to US$9.9 billion.
Also Read: Reasons Why Most Luxury Brands Fail In India
Which luxury brand is your favorite among all these? Do let us know in the comments section
