Mary-Kate and Ashley Olsen are quietly creeping up to billionaire status largely in part to their clothing line The Row which is hailed among the fashion world and even worn by First Lady Michelle Obama. Newsweek’s latest issue takes a look at the twin stars’ rise to fashion greatness and a massive fortune.
Mary-Kate and Ashley Olsen, whom most people know as the diminutive former child stars of Full House and an endless stream of straight-to-video tween movies, are inspecting a rolling rack of crisp white cotton shirts and another one lined with black stretch-leather leggings seemingly sized for miniature gazelles. The sisters and the clothes are crowded onto an exceedingly unglamorous factory floor in New York’s garment center. The L-shaped workspace, brightly lit with fluorescent lights, smells vaguely of steam irons and fried rice.
Their holding company, Dualstar Entertainment Group, was created with their then-manager, Robert Thorne, when they were about 6 years old as a vehicle for selling Olsen-branded merchandise and projects. By age 10, they had a line of clothing in Walmart; eventually they branched out with a contemporary line called Elizabeth & James, named after their siblings. At 18, they took over Dualstar, buying out Thorne. “Thank God our parents wanted us to be involved,” Ashley says. “Running a fashion company, it’s just as important to understand numbers as it is to have a design point of view,” Mary-Kate says. The company now has annual sales of $1 billion, according to Forbes.
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They look so HARD. Like they’ve had a hard life, SMH
Person above me is a broke ass hater. Twins making big moves. Motivation
ain’t it one of them who killed heath ledger?
*shrugs* I’d still hit.
These bitches money is SOOOOO F”N LOOONG!!!! JAY-Z and Beyonce Money combined couldn’t fuck with the twins. Mad respect. They had a good machine behind them since they were crawling.
Hahaha what do you know?