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Christian Louboutin is now a billionaire

Christian Louboutin has officially become a billionaire. The French designer's eponymous brand, best known for its iconic red-soled shoes, was valued at 3.2 billion USD by investment firm Exor. As Louboutin owns a 35 percent stake in the company, his net worth is now estimated to be 1.2 billion USD, according to a new Forbes report. Opening his...

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