Power 50
Power 50: Michael Kors
![Michael Kors](https://www.out.com/media-library/michael-kors.jpg?id=32792292&width=1200&height=900)
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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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