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Power 50

Power 50: Michael Kors

Michael Kors

Fashion Mogul, 56 

Courtesy of Michael Kors/Norman Wong

The tycoon's company continues its expansion. Although sales dropped slightly in 2015, Kors is booming again, exceeding Wall Street's projections and opening a staggering 114 new stores at a time when most luxury brands are struggling. His brand image is also evolving to include more philanthropic initiatives. Launched in 2013, Kors's #WatchHungerStop campaign has helped provide 10 million meals for children around the world.

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