This Is How The Luxury Fashion Industry Keeps You Poor...

💰 Get $100 in FREE Bitcoin by Opening a Tax-Free Crypto IRA w/iTrustCapital - https://itrust.capital/value Did you know that Bernard Arnault, Chairman, and CEO of Louis Vuitton and Christian Dior, is the only billionaire in the top ten rich people in the world whose revenue is not related to tech? Global demand for luxury fashion goods is rapidly growing with annual sales of over $316 billion till 2019 before the pandemic. The fashion industry is a billion-dollar business that is designed to keep you poor. The high-end luxury fashion market is a multi-billion dollar industry that is controlled by a few major designers. These designers keep prices high by limiting the availability of their products. They also use exclusive distribution channels and high marketing costs to maintain their image of exclusivity. This makes it difficult for new designers to enter the market and limits competition. ▬▬▬▬▬▬▬▬▬▬ 👇 Related videos you might like: ✅ Why Goldman Sachs Deserves To Be Hated https://www.youtube.com/watch?v=hd1q79tRsNI ✅ Nestle's Dirty Secrets: How The Company Became The Most Hated In The World https://www.youtube.com/watch?v=9bMyQBQBZqY ▬▬▬▬▬▬▬▬▬▬ 👋 Hey, I'm Gio. I have a huge passion for business stories and case studies, and I felt YouTube had lots of great videos about them. But as I was trying to learn more about innovative companies, I realized it was much more difficult to find truly good content. So I teamed up with some skilled friends and started my own YouTube channel. Wealth Professor was born as a place to learn about finance, entrepreneurship, and innovation. Our goal is to help investors, entrepreneurs, and anyone looking to become financially smarter in today’s changing economy. Every week, we publish videos to help you master the transformation of the world we're living in. Join us on our journey to the future of business. Subscribe here: https://wealth.yt/channel --------------------------------------------------------------