Silas Chou Net Worth
Silas Chou Net Worth and salary: Silas Chou is a Hong Kong businessman who has a net worth of $2.7 billion. The son of a billionaire, Silas Chou not only followed in his father's footsteps but also he met his future business partner thanks to his father. Silas Chou and Canadian businessman Lawrence Stroll met and became friends through their fathers and together launched a company called Sportswear Holdings. The two helped develop the Tommy Hilfiger clothing business, which at the time was just a fledgling company. They were at the helm of Hilfiger as the company experienced a meteoric rise in popularity in the 1990s. Other brands on their portfolio include Tommy Hilfiger Asia, Karl Lagerfeld and Pepe Jeans. They acquired a majority share of Michael Kors in 2003 for $100 million. Chou and Stroll oversaw the successful 2011 IPO of Michael Kors and by 2014 the company had a market cap north of $20 billion. In 2017, Michael Kors Holdings acquired Jimmy Choo for a shade under $1 billion. In September 2018 it was announced that the company was acquiring fashion house Versace for $2.1 billion. With the acquisition, Michael Kors Holdings will be renamed Capri Holdings.