Designer brands are worn by poor people, not the rich. This is mostly due to the fact that Luxury brands have set their sights on the middle class. This has encouraged people to go beyond their means spending big on Gucci, Balenciaga, Louis Vuitton, Hermes, and so much more.

Luxury Fashion has made Bernard Arnault, the CEO of LVMH, the richest person on Earth, with a net worth over $200 Billion. This all came from charging insanely high prices for a designer logo that we can all walk around with.