31 January 2013 11:08 AM, PST | Us Weekly | See recent Us Weekly news »

Mary-Kate and Ashley Olsen, 26, may have been the masterminds behind The Row's $55,000, prescription pill-encrusted, crocodile-leather backpack, but that doesn't mean they don't care about the little people. According to Wwd, the child stars-turned-designers will be launching their first line of bags for their more affordable brand, Elizabeth and James, this summer. And what constitutes "affordable" to the famously wealthy twins, whose business empire has an estimated worth of $1.5 billion? Their small leather goods will be priced in the $125 to $395 range and [...] »

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