Power 50: Michael Kors

The billionaire mogul has maintained his brand and continues to impress, drawing the likes of Kate Hudson and Allison Williams to the front row of his fashion shows. Though he was presented with the Geoffrey Beene Lifetime Achievement Award from the Council of Fashion Designers of America in 2010, Kors hasn't slowed his pace. When he took his company public in 2011, it opened to the biggest IPO for a U.S. fashion business in history. But the designer gives as he gets, with his Watch Hunger Stop initiative, which fights global hunger.

SLIDESHOW | Out's 9th Annual Power List