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Tory Burch, Billionaire? The Designer Known for Her Ballet Flats Just Won a HUGE Settlement!

January 4, 2013

I think it's safe to say we all knew Tory Burch was on a roll, opening more stores and designing one hit collection after the next but did you know that she just hit billionaire status?

Tory won a big settlement after a long battle with ex-husband Chris Burch (owner of C. Wonder) to sell his almost 30 percent stake in Tory Burch LLC to two new investors. With this news, Forbes has valued Tory's company at worth more than $1 billion and now she will join Spanx founder Sara Blakely and Oprah Winfrey on the 2013 Forbes World's Billionaires list in March. Who knew a pair of $195 leather ballet flats could lead to this?

Do you wear Tory Burch? Is it one of your favorite brands?

Photo: Steve Eichner


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