Cucinelli Becomes Billionaire Knitting Cardigans

Cucinelli Becomes Billionaire Knitting Cardigans Play

May 9 (Bloomberg) -- Brunello Cucinelli, the 59-year-old founder of the luxury fashion house that bears his name, has become a billionaire. Knitwear brand Brunello Cucinelli SpA has more than doubled in value since its initial public offering in Milan last April, giving Cucinelli a net worth of at least $1 billion, according to the Bloomberg Billionaires Index. Caroline Hyde reports on Bloomberg Television's "Countdown." (Source: Bloomberg)

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