Michelle Obama Earns Fashion Brands $2.7 Billion by Wearing Their Clothing

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Michelle ObamaFrom StyleList: Attention young designers: Want to retire early? Get your clothes on Michelle Obama, ASAP!

That's because the first lady is helping labels make a mint every time she flaunts their fashions.

A Harvard Business Review study by NYU professor David Yermack reveals that Mrs. Obama earned designer brands and the stores that sell them $2.7 billion from the 189 public appearances she made between November 2008 and December 2009, according to New York magazine.

Or, to put things in more simple terms, that's $14 million for a single public appearance.

See who Michelle has set up for life @ StyleList

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