Alain Gerard Wertheimer Net Worth is$8 Billion
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Profession: Businessperson

Date of Birth: 1949

Country: France

Alain & Gerard Wertheimer net worth: Brothers Alain & Gerard Wertheimer are owners of the French luxury brand Chanel who have a net worth of $8 billion. The high fashion brand was founded back in 1909, by their grandfather Pierre Wertheimer and his partner Gabrielle (Coco) Chanel, the company's namesake. Eventually, Pierre took Chanel entirely in his possession, buying his early partner out. Apart from clothing, the privately held company sells perfume, make-up, jewelry, watches and other fashion accessories. US-based Alain serves as the chairman of the company, while Gerard, who lives in Switzerland, leads the division of watches. In addition to Chanel, they possess two French vineyards, Rauzan-Segla in Margaux and Chateau Canon in Saint-Emilion. Alain and Gerard also own thoroughbreds horses, including stallions, which have won such races as the French Derby and the Breeders' Cup Turf in the US. With an estimated net worth at $ 8 billion in March 2013, Forbes ranked them as #145 among the richest in the world and #5 among the wealthiest in France. The two brothers keep their private lives under wraps and don't give interviews to the press.
Alain Wertheimer (b. 1949) is a French businessman based in France who, with his brother Gerard own the controlling interest in the House of Chanel. The son of Jacques Wertheimer and Eliane Fischer, it was his grandfather Pierre who co-founded the Chanel business. The privately held company is run by Alain who has presided over the acquisition of several non-Chanel brands, including Eres Lingerie and beachwear, Tanner Krolle saddles and leather goods, and Holland & Holland, a British gunsmith. Based in France, the Wertheimer brothers own French vineyards like Rauzan-Segla in Margaux, France and Chateau Canon in Saint-Emilion, both of which have won rave reviews from oenophiles. Both brothers are enthusiastic equestrians who also inherited and operate an important Thoroughbred horse racing stable they call La Presle Farm or Wertheimer farm for racing in the United States and is known as Wertheimer et FrA?re partnership in France. His net worth is over $7 billion as of 2012.

Alain Gerard Wertheimer Latest News

The world's 50 Richest Jews: 21-30

Ages: 62, 60. Net worth: $7.5 billion. Born in France, Alain and Gerard Wertheimer inherited the luxury brand company Chanel, which was co-founded by their grandfather Pierre. Alain, the elder of the brothers, is the chairman of the company and resides in ...
Posted: September 7, 2010, 7:12 am

Wertheimers Buy Lady of Shamrock for $2M

Brothers Alain and Gerard Wertheimer of France went to $2 million for Hip 171, grade I winner Lady of Shamrock, at the Keeneland November breeding stock sale Nov. 5 in Lexington. Bought under the name Wertheimer et Frere, the 4-year-old daughter of Scat ...
Posted: November 4, 2013, 7:20 pm

Behind The Scenes: Who is Running the Chanel Show?

During World War II Wertheimer escaped to New York, leaving the possession of the company with a French businessman. He returned 1954 to buy his partners out and took full control of the operations. Chanel Fall/ Winter 2014 Alain, 64, and Gerard ...
Posted: September 25, 2013, 5:00 pm

Chanel owners pay themselves $3.4bn dividend – four times company's net profit

The reclusive billionaire brothers who own Chanel paid themselves a $3.4bn dividend last year. Alain and Gérard Wertheimer, who have run the luxury goods company for more than 30 years, took more than four times the company’s net profit and double the ...
Posted: August 24, 2017, 9:33 am

The Power Behind The Cologne

When the war was over, Amiot gave the company back to the Wertheimers; helping them ''saved his little neck'' from the revenge-seeking Allies, Alain Wertheimer told Forbes. Thomas was later named president of Chanel in the United States, a post he held for ...
Posted: February 23, 2002, 4:00 pm
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