Known to be the dress stylist of world renowned first ladies like Jacqueline Onnasis and Michelle Obama, Carolina Herrera is an American-Venezuelan fashion designer with an estimated net worth of $100 million in 2012.

Carolina Herrera2

Known for her dramatic and impeccable styles, Carolina Herrera is known to be fond of purchasing products from Valentino, Ungaro, Armani, Zandra Rhodes, Mila Schon, Walter Albini and Yves Saint Laurent, as well as mingling with the likes of Andy Warhol, Bianca Jagger and Mick before she finally pursued a career on fashion designing as encouraged by her friend.

In 2008, she became a recipient of Council of Fashion Designers of America’s Lifetime Achievement Award, and in 2008, she received the "Womenswear Designer of the Year" award from the same award giving body. She is also a recipient of The International Center in New York's Award of Excellence, Fashion Group International Superstar Award, "Mercedes-Benz Presents", Style Awards Designer of the Year in 2012, and Spain's Gold Medal for Merit in the Fine Arts. She has been featured on the cover of Vogue magazine for seven times.