The fashion set descended on the Shangri-La Paris on Saturday, October 3, 2026 for The Business of Fashion's annual BoF 500 Gala, held during Paris Fashion Week. The glamorous event celebrates the people shaping the global fashion industry, with the 2026 class adding 100 new names across categories including designers, models, entrepreneurs and creatives. And the guest list certainly lived up to the occasion, with Paris Hilton leading an A-list turnout that also included her younger sister Nicky Hilton Rothschild, Heidi Klum, Nara Smith, Iris Law and model Erin O'Connor. From daring sheer lace to sculptural minis and sleek tailoring, the stars delivered plenty of fashion drama for one of the week's most exclusive parties.
Paris, 45, commanded attention in a dramatic floor-length black lace gown that left little to the imagination. The high-neck design featured intricate sheer lace panels throughout, with strategically placed detailing creating the illusion of lingerie beneath the delicate fabric. The socialite and entrepreneur completed the look with sparkling black heels and angular black sunglasses, while her platinum blonde hair was swept into a tousled updo with loose face-framing strands.
Nicky opted for an entirely different aesthetic, choosing a heavily embellished black mini dress covered in vivid red and gold floral embroidery. The long-sleeved design featured ornate jeweled detailing around the neckline, cuffs and waist, giving the outfit an almost couture-inspired finish. Nicky, 42, paired the statement mini with pointed black lace heels and wore her blonde hair half-up, half-down with plenty of volume through the crown.
Heidi brought a burst of color to the black carpet in an eye-catching red mini dress with an oversized sculptural detail sweeping dramatically across the front. The strapless design showed off the 53-year-old model's toned legs, which she highlighted further with sheer black tights. She wore her long blonde hair loose and straight, with smoky eye makeup adding to the high-octane look.
Iris went ethereal in a shimmering pale silver floor-length gown that offered a softer counterpoint to some of the evening's more dramatic outfits. The spaghetti-strap design skimmed her figure before falling into a fluid, gently flared skirt, while subtle vertical detailing added texture to the otherwise minimalist silhouette. The 25-year-old model wore her platinum pixie cut in a vintage-inspired style, with a sculpted curl sweeping across her forehead. A delicate necklace and understated earrings completed the look, keeping the attention firmly on the luminous dress.
Nara embraced one of the night's boldest silhouettes in a plunging red and cream striped gown. The sleeveless dress featured an exceptionally deep V-neckline and dramatic radiating stripes that converged at the waist before flowing into an asymmetric floor-length skirt. The graphic design created a striking optical effect, while Nara kept the rest of her styling elegant with her long dark hair swept to one side in polished waves.
Veteran model Erin O'Connor demonstrated the power of sleek tailoring in a vivid scarlet satin suit. The 48-year-old wore a sharply cut wrap blazer tied neatly at the waist with matching wide-leg trousers, allowing the monochrome color to make maximum impact. She accessorized with layered gold necklaces and a coordinating bracelet, while black open-toe heels provided a simple finishing touch. Erin's signature dark hair was slicked back behind her ears, while a bold red lip perfectly matched her head-to-toe crimson ensemble.
Ivy brought a darker, romantic edge to the evening in a textured midnight-blue halterneck dress with an asymmetric draped skirt. The heiress and model paired the look with semi-sheer tights and pointed heels, while a coordinating handbag kept the palette tonal. She finished the ensemble with a delicate netted headpiece adorned with floral detailing, which framed her softly curled bob and added a vintage-inspired flourish to the dramatic look.