Earlier this week, Forbes magazine made the official announcement: Michael Kors is now a billionaire, thanks to the soaring price of his company’s stock. The past couple of years have been especially kind to Kors, and he is enjoying every bit of the wealth that has befallen him by designing clothes that are both increasingly comfortable and increasingly luxe. For example, one of the popular pieces in this fall/winter collection is a pair of sweatpants. Comfortable, to be sure. Oh, but these are cashmere sweatpants. Being rich has its advantages.

Eavesdropping on various conversations this morning, there seemed to be some concern whether Kors is really paying that much attention to his ready-to-wear line. After all, he has his hand in so many different aspects of fashion, as well as media and entertainment, can one person actually keep up with everything that is going on? While Kors has almost certainly had to learn what he can and cannot delegate, the collection still has his style firmly stamped upon it with silhouettes that are feminine without being restrictive. On a board backstage he had written: “Think Big Sur comfort with New York attitude.” The statement is a perfect description of this collection.

On one hand, there’s the comfort of billowy sleeves, open-collared peasant blouses, and over-sized sweaters (which has been yet another trend this season). A strong California vibe came through the mix of footwear that included sandals and low, block heels. Touches of fringe even gave the collection a bit of a hippy feel.

Yet, this is not purely a West Coast collection. While “California Dreaming” played on the sound track, it was performed by an orchestra, definitely more of an East Coast touch. Fil coupe fabrics were shimmery. Suede was utilized so often that the aroma of brushed leather was distinct by the end of the show. Kors couldn’t resist tossing in some fur touches, purely for the richness of doing so, and there was plenty of big city glitter and shine to keep the collection from getting too relaxed. Oh, and he made sure to throw in plenty of sheer pieces as well.

I have no doubt this collection will make the Michael Kors brand even more popular than it already was simply because it looks so wearable, even if the majority of pieces are priced beyond the reach of the majority of Kors’ fans. This is a great look that Michael Kors can keep taking to the bank season after season.

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