Hong Kong's Silas Chou and Canada's Lawrence Stroll sold their remaining stake in Michael Kors and stepped down from the board in September 2014. They were early investors in the fashion house and owned more than half of the company when it went public in 2011. The duo, who met through their fathers, also gets credit for the rise of Tommy Hilfiger, which they bought in 1989 and later took public. Chou's father, who was ranked as a billionaire in the early 1990s, started the family's textile business, South Ocean Knitters; it's still one of the largest knitwear manufacturers and exporters in Hong Kong. The seventh of 10 children, Chou is the only one who never went to college. He bought an apartment near the top of a 90-story tower in Manhattan for $56 million in October 2014.