By  on November 11, 2013

When he bowed out of Balenciaga a year ago, Nicolas Ghesquière became fabulously wealthy—having been an owner of equity in the brand he helped rejuvenate.

According to court documents obtained by WWD, the Frenchman received 32 million euros, or $42.3 million at current exchange, for his 10 percent stake in Balenciaga, as well a 6.6 million euro indemnity ($8.7 million) for breaking his contract before its expiration date.

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