telegraph.co.uk
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This year has heralded the fall of the ultra-rich fashion socialite
an article published by Air Mail, the digital magazine edited by Graydon Carter, reported that back in 2013, Lauren Santo Domingo, the co-founder and chief brand officer of Moda Operandi, a luxury fashion website aimed at the 0.1 per cent, spent $4.5 million dollars of company money securing herself an anchor position as co-host, with Anna Wintour and the actress Rooney Mara, of that year’s punk-themed Met Ball.That’s how things were. Although, to be fair, even at the time some of Santo Domingo’s co-workers suggested this was a reckless chunk out of the $36 million of second-round funding they’d managed to raise.