Veteran retailer Chris Burch sold most of his 28.3% stake in his ex-wife's fashion brand, Tory Burch LLC, for 0 million in late 2012, going on to join the Forbes Billionaires List in 2013. His share sale also helped put to rest months of lawsuits and counterclaims that once threatened to derail a future IPO for Tory's WASP-chic fashion brand, which Chris helped launch in 2004. The couple divorced in 2006, but the real trouble began in 2011, the year Chris debuted C. Wonder, a preppy clothing and gift chain bearing a striking resemblance to Tory's multi-billion dollar brand, but at a far cheaper price. The duo settled in late 2012, around the time of Chris' share sale. He maintains a small stake in the business. Months later, in February chris burch fashion 2013, he sold 10% of C. Wonder to Fidelity Investments for million; he retains the majority stake and counts fellow billionaire Len Blavatnik as an investor. He now aims to grow C. Wonder internationally, with 300 stores worldwide in the next three years. His other interests include investments in funky office supply firm Poppin; phone gadget manufacturer Aliph, which owns popular Bluetooth handset Jawbone; wireless charging outfit Powermat; and a property portfolio that includes homes in the Hamptons, Nantucket and the Indonesian island resort of Sumba. Two of his daughters, twentysomethings Alexandra and Louisa, recently got into the family business, launching fashion line Trade-Mark during this February's New York Fashion Week.
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