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Alexander Wang, 25, Designer
Wang produced the Coco duffel, the handbag of this fall, one of the season's most sold-out accessories; that Mary-Kate Olsen was spotted toting it about helped generate its astounding buzz. Add to that his sold-out shoe collection, his popular clothing line, and the numerous awards he's stacked up (that come with cash prizes!) and he becomes the envy of every dedicated follower of fashion.