48-year-old former Sports Illustrated supermodel Kathy Ireland is apparently among the richest models in the world. Ireland is worth an estimated $350 million according to Forbes, in addition to a $2 billion from her stock company, which is quite more than the empires of Gisele Bundchen ($151 million), Tyra Banks ($90 million) and Heidi Klum ($70 million). (CBS News)

Teen actress AnnaSophia Robb is to star in a new Sex and the City prequel named The Carrie Diaries. The 18-year-old was mostly famous for playing opposite Johnny Depp in Charlie and the Chocolate Factory in 2005. Reportedly, Gossip Girl’s Blake Lively was rumoured to play the role, but eventually AnnaSophia was preferred due to her younger age. (Telegraph)

Formerly known plus-size model Crystal Renn is featured on the vivid cover of the March W Korea issue, showcasing a more offbeat style of neon bob, magenta lips and aqua eyes. (The Huffington Post)

Everybody wants to be a fashion icon! Kate Middleton has agreed to judge a shoe design contest and will also wear the winning look. Six finalists from De Montfort University in Leicester England will receive the opportunity to design a shoe for the Dutchess. (The Daily Mail)

More in the shoe department, record producer Kanye West designed the shoes with Dion Lee in the Aussie’s debut London Fall/ Winter 2012 presentation over the weekend. West has become more and more involved in the fashion industry over the past year and it’s most likely that we’ve not heard the last from Kanye. (Fashionista)

Closing our list of fashion highlights for this week, The Wall Street Journal compiled an interesting video of the best and worst from the 2012 Oscar Awards, featuring Angelina Jolie, Kristen Wiig, Meryl Streep, Gwyneth Paltrow and more.

Enjoy!

Johnny Depp has finally been bestowed the award we’ve all been waiting for. The CFDA (Council of Fashion Designers of America) granted the prolific star a Fashion Icon Award. This is the first time that a man has ever received this award. (New York Magazine)

Fashion extraordinaire Karl Lagerfeld is well renowned for shocking declarations throughout his career. Fashionista.com has compiled a tribute to the designer’s best quotes of all time; including "Normal people think I’m insane". (Fashionista)

Do you think Glenn Close is a fashion icon? Stylelist.com has put together a 73-photo gallery looking back on the Golden Globe winner’s fashion evolution dating back to 1996. The Damages star has also celebrated her 65th birthday this week, proving that beauty and style definitely comes with age. (Stylelist)

Following in the footsteps of other singing superstars such as Kanye West, Rihanna has stated that she will be launching a fashion line of her own. To those of you who have been keeping up with Rihanna these past few months, this may not come as a shock, after frequently spotting Rihanna at several major shows this season and hearing the buzz surrounding her upcoming fashion related TV show. (Billboard)

Meghan McCain, daughter of U.S. Senator John McCain poses for Playboy. The 27-year-old left nothing under-covers in her revealing interview for Playboy’s April issue. She discusses everything from her love life, to her sexual preferences, and ultimately to her affection of politics. (New York Daily News)

Closing our list of fashion highlights for the week, ABC News explains how swimsuit model Simone Farrow, once named the “sexiest woman in the world,” allegedly ran an international drug ring from her Hollywood apartment.