Published on 28 Apr 2024 on Insider Monkey via Yahoo Finance

25 Richest Billionaires in Fashion and Retail Industry

In this article, we discuss the 25 richest billionaires in fashion and retail industry. To skip the detailed analysis of the fashion and retail industry, go directly to the 5 Richest Billionaires in Fashion and Retail Industry.

Fashion and Retail Industry: An Outlook

The fashion and retail industry is one of the largest industries in the world. According to a report by Research and Markets, the international retail market was valued at around $28.84 trillion in 2023. The global retail market is expected to reach $42.75 trillion by 2028, growing at a compound annual growth rate of 8.1%. In comparison, the global fashion retail market was worth $91.25 billion in 2023, as per a report by Zion Market Research. The global fashion retail market is projected to grow to $157.88 billion by 2032 at a compound annual growth rate of almost 7.09% between 2024 and 2032.