Who Got Rich This Week: A Garment District Veteran, An International Baby Formula Producer And More

Each week at Forbes we scan our database of corporate insiders to see who got richer from the action in the stock market. American equities were poised to log their third straight week of losses before Friday's jobs report salvaged the week for the bulls. The unemployment rate rose from 7.5% in April to 7.6% in May, which sent the Dow nearly 1.5% higher on the session. The data revealed that the economy, and the labor market in particular, is not yet on a stable path to recovery, which made traders confident that the Federal Reserve will stick to its monetary guns through the summer. Bad macroeconomic news propelling markets higher sounds counterintuitive, but that's what you get when the central bank is buying $85 billion of securities per month. Here, a pair of insiders whose fortunes got some serious stimulus of their own this week:

Nobody Puts Baby In A Corner

Synutra International produces baby formula. And apparently they produce a lot of it; the company did sales of nearly $350 million last year and its products are sold in over 67,000 retail outlets. However, you have probably never heard of Synutra, and that's because the NASDAQ listed and Rockville, Maryland based company conducts all of its business in mainland China. Liang Zhang, the founder and CEO of the outfit, has spent his career in the formula and supplements space. In the early 1990s he launched Honnete, a firm that is now described by the company as " the dominant supplier of whey protein products in China." Shifting focus from bodybuilders to babies, Zhang took his second effort, Synutra, public in 2005. Mirroring Synutra's corporate structure, the entity that holds Zhang's 36 million Synutra shares, Beams Power Investment Limited, is based offshore in the British Virgin Islands. The sole shareholder of Beams is Zhang's wife, Xiuqing Meng. As Synutra's shares rose 12.6% over the past seven days, what is technically her stake in the company ended the week worth $190.4 million, a $21.4 million increase over last Friday's close.

Andrew Marc To Vince Camuto

G-III Apparel Group was founded back in 1956 when Holocaust survivor Aron Goldfarb immigrated to the United States and launched an outerwear company in New York City's Garment District. The firm's current chairman and CEO, Morris Goldfarb, joined the business in 1972. The son of the enterprise's founder, Morris Goldfarb has guided G-III through several decades of growth, as the company secured licensing deals with dozens of well known brands, from Calvin Klein and Levi's to the National Football League and over 100 colleges and universities. As of late, G-III has taken to acquiring and marketing its own brands, starting with the purchase of the Andrew Marc label in February of 2008. Since, the company has also bought the swimwear designer Vilebrequin and the Wilsons Leather outlet chain, providing the firm with a retail base of over 100 stores. G-III surprised Wall Street on Monday afternoon when the firm reported a first quarter profit. The company also raised its full year revenue and net income forecasts, sending shares 15.8% higher on the week. Goldfarb's 3.1 million shares were worth $149 million at the end of trading on Friday, reflecting a $20.4 million gain over the week prior.

The Really Rich

The third richest man in the world, Warren Buffett, made a billion dollars on Friday, $1.06 billion to be exact. Shares of his Berkshire Hathaway climbed 1.78% during Friday's session, finishing slightly ahead of the S&P 500. Amongst the 50 international billionaires whose wealth Forbes tracks in real time, the Oracle of Omaha easily took the day, besting fellow top 20 billionaire and Amazon founder Jeff Bezos by $263.4 million. Buyout legend Henry Kravis gained the most in percentage terms after his firm, KKR & Co., had its buy rating reiterated by Citigroup. The private equity manager's shares rose 6.13%. With the major indices all up more than 1% on the day, losers were few and far between. When the dust settled, only Hong Kong magnate Li Ka-shing managed to lose more than 1%. His public holdings fell 1.13%, costing him $280.51 million, more than any of his peers.

Click here to see who got rich last week.

Thanks to Scott DeCarlo for building and maintaining our insider database screen.