An international consulting firm, Brain & Company, estimated that the luxury market was valued at $274 billion in 2014, and was set to grow even bigger to a whopping $280 billion by 2015. And just like only a small percentage of the world’s wealthiest people make up most of the world’s wealth, only a handful of the most expensive clothing designers make up the bulk of the luxury clothing market.
Along with being a form of expression, fashion has always been a way for people to showcase their status. Much like the size of your house or the price tag on your car, the designer that you are wearing says much more about you than just where you shop. It also says a lot about your level of income, your style and taste levels, whether you prefer funky cool, or sleek sophistication. One look at your wardrobe can tell a person if you're a bold trend-setter like Miley Cyrus, a fearless fashion icon like Sarah Jessica Parker, or a posh sophisticate like Kate Middleton. The biggest names in high-end fashion all come with a hefty price tag, but many argue that if you can afford it, genuine luxury is priceless. And although Heidi Klum likes to remind us on every episode of Project Runway, that in fashion, one day you are in and the next you are out, luxury designers tend to last much, more longer. Here are 14 of the most extravagant fashion designers of 2015 who aren't going anywhere any time soon.
14 Marc Jacobs
11 Ralph Lauren
7 Dolce & Gabbana
2 Louis Vuitton
1 Oscar De La Renta
Oscar de la Renta is one of the biggest names in the fashion industry for a very good reason - he dresses some of the biggest names in the world, literally. He made a name for himself in the 1960s, when he began dressing First Lady Jacqueline Kennedy. Since then, he has been a household name and the go-to designer for anyone looking to make a bold but sophisticated statement, from the red carpet to presidential inaugurations. In October 2014, the famed designer passed away due to complications from cancer at his home at the age of 84 years old. Countless celebrities spoke out to honor the designer's talent and many years of notable work. The company remains in the forefront of luxury labels for wedding dresses and formal evening attire.
Sources: bloomberg.com, theguardian.com
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