Cucinelli Becomes Billionaire Knitting $1,920 Cashmere Cardigans

Brunello Cucinelli S/S 2013 Campaign | Source: Brunello Cucinelli

MILAN, Italy — Brunello Cucinelli, the 59-year-old founder of the luxury fashion house that bears his name, has become a billionaire. Knitwear brand Brunello Cucinelli SpA has more than doubled in value since its initial public offering in Milan last April, giving Cucinelli a net worth of at least $1 billion, according to the Bloomberg Billionaires Index. He has never appeared on an international wealth ranking.

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Ottavio Missoni | 1921-2013

Missoni S/S 2010 campaign, featuring Ottavio, Rosita and Margherita Missoni, shot by Juergen Teller | Source: Missoni

Ottavio Missoni, founder of the Italian luxury fashion house that carries his name, died this morning at the age of 92.

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