Natalie Massenet makes her debut on the Sunday Times Rich List
With Selfridges, Mulberry, Francois-Henri Pinault and more
Net-A-Porter founder and executive chairman, Natalie Massenet, is making her debut appearance on the annual Sunday Times Rich List this year. Massenet founded the hugely successful online fashion portal in 2000 and borrowed loans from friends and family to prop up the business in the early years. 15 years later she is worth an estimated $167 million.
Massenet sold her shares in Net-A-Porter's parent, Compagnie Financiere Richemont, this year which is largely why she has shot up the wealthy ranks. Net-A-Porter is set to merge with Italian fashion site Yoox later this year, to create a new giant fashion – the Yoox Net-A-Porter Group. Her new ranking puts Massenet on a wealth par with some 'rich and roll' hall of fame names such as Queen's Brian May, Phil Collins and Rolling Stones drummer Charlie Watts.
This year the Times has included a 'Fashion Millionaires' section of the list, which sees the formidable Weston family top the list (they came number 3 over all on the rich list.) The Weston's, brothers Galen and George own a slew of transatlantic businesses including; Selfridges in London and the publicly-quoted Associated British Foods, parent of Primark. Their total wealth is estimated to have risen by more than $5 billion in the past year, up to $16.70 billion.
Following the Weston's is rich list staple Sir Philip and Lady Green, at number 3, with a fortune of $5.31 billion, followed by Francois-Henri Pinault and his movie star wife Salma Hayek at number 5, with an estimated wealth of $3.96 billion. Fashion investor Christina Ong, who owns Mulberry Group via her company Challice Ltd, ranks at number 9, with a fortune estimated to be $1.29 billion. It pays to invest in fashion...