Private jets, parties with Khloe Kardashian, and $1 million weddings: Inside the lavish lives of a billionaire fast-fashion dynasty
Boohoo is the UK’s fast-growing fast-fashion retailer that was set up in 2006 by Mahmud Kamani and his business partner Carol Kane.
The company has been growing at a rapid pace and is now valued at more than $3.8 billion.
Mr Kamani has made his way up the UK’s rich list in this time and is now worth nearly $1.5 billion.
Find out more about his glamorous life with his wife and three sons below.
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The rise of the Kamani family is frequently described by the British tabloids as one of the UK’s great “rags to riches” tales.
Mahmud Kamani, the patriarch of the family, is the 55-year-old billionaire behind Boohoo, which for the uninitiated, is the UK’s buzzy fast fashion clothing company that has achieved explosive growth in the past few years and is considered to be one of the few retailers to have dodged the retail doom and gloom.
Kamani, who is now one of the most successful entrepreneurs in the country and has worked his way up the UK’s rich list to be worth nearly $1.5 billion, started his career by selling cheap clothes to market stallholders and high-street brands in the UK (including H&M and Primark).
He went on to set up Boohoo with cofounder and designer Carol Kane in 2006, with the idea of cutting out the middle man and selling directly to customers online.
From the start, Boohoo’s business model was based around being ultra-fast and ultra-cheap; around 3,000 new styles are added each week across its core brands with an average price point that sits between $17 and $20.
Since going public in 2014, the company …read more
Source:: Business Insider