The Swiss entrepreneur Thomas Meyer has a net worth of $1.9 billion.
Mr. Bain, a recent addition to the list of billionaires, is unknown.
Meyer amassed his fortune by establishing Desigual, a casual clothing brand in Barcelona, Spain.
In 1984, he launched the brand with a denim jacket made from worn blue jeans, and two years later, he opened the first store in Ibiza. The company has since grown into a $960 million business with 200 Desigual stores in cities such as Barcelona, Amsterdam, Berlin, New York, Dubai, Lisbon, Madrid, Milan, Milan, Moscow, Paris, Rome, San Francisco, Singapore, and Tokyo.
However, Desigual’s designs are also available in thousands of other stores around the world.