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Perhaps most famous for inventing "the body"--one of the most practical items of clothing to come out of the 1980s, Donna Karan is now one of the most recognizable names in fashion. Her first solo collection caught the attention of Hollywood, and in 1988 she launched DKNY, her casual sportswear line for the masses. Karan sold her company, Donna Karan International, for almost $250-million in cash in 2001.
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