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.

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Alain Gerard Wertheimer Latest News

The 25 richest people in fashion

Business Insider has compiled a list of the 25 richest people in the fashion industry ... with 3,700 stores across 34 countries. Alain Wertheimer co-owns the French fashion house Chanel with his brother, Gerard, who manages the company's watch department.
Posted: September 18, 2017, 5:19 am

No Online Sales for Chanel

The company was started by Gabrielle “Coco” Chanel in 1910. Two secretive billionaires, Alain and Gerard Wertheimer, now control the business. The Reuters news agency noted that Chanel does not often release financial results. Reports registered with ...
Posted: December 3, 2017, 2:26 pm

Chanel marks ‘best year ever’ with a trip to Karl Lagerfeld’s hometown

Gabrielle [the perfume released by the house in September] and handbags are doing very well.” The Wertheimer brothers, Alain and Gerard, who own the controlling interest in the French luxury house, have never disclosed revenues, which are estimated to be ...
Posted: December 5, 2017, 4:19 am
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