Founder and Chief Executive, Fashion Nova

Saghian launched Vernon-based Fashion Nova as a collection of brick-and-mortar stores in 2006. Early on he implemented social media marketing and innovated strategic collaborations with thousands of influencers and celebrities to accumulate more than 40 million followers on Fashion Nova’s various social media platforms. The company has multiple high-growth categories across women’s, men’s and kid’s apparel and generates more than $1 billion in annual sales. Saghian has supported several social causes through his charitable organization, Fashion Nova Cares. He is known for purchasing a 21-bedroom, 49-bath home in Bel Air last year for $141 million and a $40 million beachfront property in Malibu this year.

YEARS ON THE LA500: 6