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Hong Kong businessman Silas Chou has an estimated net worth of $2.7 billion. Michael Kors' financial backer Silas Chou joins the billionaire ranks after taking the fashion house public in November 2011. He currently serves as President and CEO of the textile manufacturing group he inherited, Novel Enterprises. Chou's father was on the Forbes billionaires list in the early 1990s. His company became successful in transforming struggling entities such as Tommy Hilfiger and Michael Kors into billion-dollar powerhouses. The Chou family usually takes on a strategic approach to their fashion investments. At Tommy Hilfiger, they made plans to leverage the connection between fashion and the music industry. For Michael Kors, they aimed in bringing fashion to the television. For Thakoon, all of their plans have roots in digital immediacy.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2016 |
Sale of Asset |
Profit from the sale of Silas Chou's shares in the affordable luxury brand Michael Kors to UK private equity firm Apax |
$1,600,000,000 |
|
2014 |
Asset |
Purchase value of Silas Cho's 6,240- square-foot apartment on the 82nd floor of 157 W. 57th St., also known as One57, in New York City |
$50,000,000 |
|
2006 |
Sale of Asset |
Sale of Silas Chou's shareholding in Sportswear Holdings to Apax, a UK private equity firm |
$1,600,000,000 |
|
2003 |
Asset |
Purchase value of Silas Chou and Stroll's majority share in Michael Kors |
$100,000,000 |
|
2001 |
Asset |
Purchase value of Silas Chou's house at No. 36 Black’s Link near Happy Valley in Hong Kong |
$1,500,000 |