Net Worth: $187.5 Million
- Source of Wealth Fashion designer (Reiss Clothing)
- Nationality United Kingdom
About David Reiss
Reiss received a boost late last year when Kate Middleton chose one of his dresses for her engagement photos. Reiss opened his first eponymous boutique in 1971, then launched an own-label menswear company in 1992. The 67-year-old had approaches to sell his London-based high-street fashion chain before the credit crunch for £150m, but despite opening his first store in China, the collapse in world economic activity in late 2008 hit hard. Sunday Times Rich List valued the business, which should report a £12.7m profit in 2010-11, at £120m, adding £5m to the founder’s fortune for past dividends and other assets.