Cosmo and J.C. Penney Launching Fashion Line, Fashion Folks Crack Rich List, and More

Khloe Kardashian Cosmo May cover
Photo: Facebook
Khloe Kardashian on Cosmo's May cover.

1 Way to Rock Our World: J.C. Penney and Cosmo are teaming up for a line of accessories, lingerie, bags, and jewelry. [WWD]

The Sunday Times Rich List for 2012 includes fashion notables like Topshop's Sir Philip Green, Mulberry owner Christina Ong, and George and Galen Weston of Selfridges, while David and Victoria Beckham cracked the Richest Couples List. [Vogue U.K.]

Missoni loafers for a good cause? Don't mind if we do. [The Daily W]

First Lady Michelle Obama opted for a paisley organza Naeem Khan gown at the White House Correspondents' Dinner. [Us Magazine]

Remember this name: Canada's Steven Tai is the winner of Chloé's inaugural design prize at the Hyères International Festival of Fashion and Photography. [Dash