Beating heavy hitters such as Richard Chai, Jason Wu and Obedient Sons & Daughters, Alexander Wang was chosen as the fifth CFDA/Vogue Fashion Fund recipient last night, pocketing $200,000 and a year's worth of mentoring. This year's selection committee consisted of CFDA president Diane von Furstenberg and Vogue's Anna Wintour among other fashion luminaries. Congrats to Alexander Wang!