Alain Wertheimer and his brother Gerard Wertheimer (right).

In a historic move Chanel makes its sales and operating profit public, announcing it is a $10 billion company, which lifts it almost to levels of Louis Vuitton and head of Gucci and Hermes in sales. Alain Wertheimer attends the Chanel 2014 Spring/Summer ready-to-wear collection fashion show, on October 1, 2013 at the Grand Palais in Paris. Alain and his brother spend some of their time in New York despite They live lavish lifestyles in private, surrounding themselves with those similarly closemouthed, and are known as fashion’s quietest billionaires. Why this release comes now and what it means is explored with luxury market experts. 3 Avenue du Général Eisenhower, 75008 Paris, France. 5 de Chanel became a passé in fashion and perfume, he revamped the sales of the line by reducing the number of outlets from 18,000 to 12,000. We sell dreams.". Alain Wertheimer serves as President of the Pierre J Wertheimer Foundation, a New York-based non-profit private foundation named after Wertheimer's late grandfather, but it is unclear if he participates in the activities of the organization. Ces dernières quarante années, les Wertheimer ont accepté très peu d’interviews.

In addition, both brothers 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 Frère partnership in France. Alle rechten voorbehouden. Alain Wertheimer is the chairman of Chanel, the French luxury brand. Alain Wertheimer and his brother are largely tight-lipped, hardly ever speaking to the press or giving interviews about their wealth, companies, family, relationships, or hobbies. Once logged in, you can add biography in the database. With a combined net worth over $40 billion, the Wertheimer brothers are among the richest people in the world.

All Rights Reserved. Wertheimer remained chairman of the company while Françoise Montenay, the company's CEO and president, was charged with bringing it into the next century. His home isn't far from Chanel's executive offices on 57 th Street. It is when he started earning and gained an estimated net worth of $14.6 billion recently. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536336&cache=false"

2 Route des Tribunes, 75016 Paris, France. It’s not about the Wertheimers.”, Source: The New York Times Magazine, The New York Times, Read more: I visited the Chanel store in SoHo the day after Karl Lagerfeld died, and it was clear why the brand has been an icon for nearly 100 years. During the 1870s, he had bought into the Bourjois, the theatrical makeup company that was responsible for introducing dry rouge to ladies in the 1890s.Alain Wertheimer's grandfather, Pierre Wertheimer, was himself a successful French businessman. Alain’s grandfather was Pierre Wertheimer, a French industrialist, who, with his brother Paul, founded Les Parfums Chanel, which began making and distributing fashion designer Coco Chanel's No. In 1910, Pierre Wertheimer had married Germaine Revel, who herself was the daughter of a successful stockbroker and a Lazard family member of the investment bankers.Alain’s father, Jacques Wertheimer, inherited and operated his father Pierre’s business successfully. Currently, Alain Wertheimer is the chairman of the company and resides in New York, United States.

Being the elder of the two brothers, Alain Wertheimer primarily takes care of the business. Wat moet je weten? In 1947, he married Eliane Fischer, who was the daughter of a successful architect.

Along with his brother Gerard Wertheimer, he controls Chanel, the Parisian fragrance and fashion house that makes Chanel No.

© 2020 Forbes Media LLC. Germaine Revel was the daughter of a successful stockbroker and a Lazard family member of the investment bankers.

Gerard and Alain Wertheimer are among the richest people in the fashion-industry Little is known about petite brunette who won the heart of the successor of the legendary House. Alain Wertheimer had interned at Moët & Chandon, before taking control of Chanel in 1974. Alain Wertheimer and his brother Gerard Wertheimer (left) attend the Prix de Diane Longines at Hippodrome de Chantilly on June 12, 2011 in Chantilly, France. Although sales of high-end goods were hurt by the global recession of the early 1990s, demand began recovering in the mid-1990s and Chanel continued to expand its boutique chain and product line. Alain Wertheimer ist einer der reichsten Franzosen.

His personal net worth has been estimated to be around $14.6 billion in March 2019.

5 perfume.

Photo by Owen Franken. Alain and his brother spend some of their time in New York despite the fact that the family owned, as of 2002, over eight homes across the world. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2535928&cache=false" ''Besides, the brothers never speak about Chanel publicly. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536337&cache=false" As a continent, Europe defied some of the trend across the rest of the Forbes 2016 Billionaires List: New fortunes were created, though overall net worth fell compared to 2015. Their New York based facility had started manufacturing and distributing Helena Rubinstein range of face creams. We don't sell handbags or haute couture. He has a country home in Connecticut. Photo by Michel Dufour. Alain Wertheimer and his brother reportedly donated to various charities and organizations that support conservationist and social causes. Chanel’s executive offices are only a short distance from Alain’s home, on 57th Street. ''You can make money that way,'' Alain told Wine Spectator in one of his rare interviews. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536333&cache=false"

It was at the races where Coco Chanel and Pierre Wertheimer met, according to The New York Times. When No.

They inherited the luxury brand company Chanel, which was co-founded by their grandfather Pierre Wertheimer, in 1996 after their father, Jacques Wertheimer, died.Alain Wertheimer had interned at Moët & Chandon, before taking control of Chanel in 1974.

src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536005&cache=false" Wertheimer remained chairman of the company while Françoise Montenay, the company's CEO and president, was charged with bringing it into the next century.Currently, Alain Wertheimer is the chairman of the company and resides in New York, United States.

The Wertheimer family fortune dates back to 1920s Paris when Pierre Wertheimer funded designer Coco Chanel. Queen Elizabeth II presents the trophy to owners Alain Wertheimer and Gerard Wertheimer, after their horse Solow won the Queen Elizabeth II Stakes Race run during the QIPCO British Champions Day at Ascot Racecourse on October 17, 2015 in Ascot, United Kingdom. Alain Wertheimer (left) with brother Gerard Wertheimer (right) at the Prix de l'Arc de Triomphe at the Hippodrome de Longchamp in 2006. In 1924, he signed an agreement with Gabrielle "Coco" Bonheur Chanel to create Parfums Chanel, thus Pierre Wertheimer co-founded the House of Chanel and was an early business partner of Coco Chanel. With 468 billionaires, Europe claims 28% of the world's ten-figure fortunes adding up to an aggregate net worth of $1.95 trillion. Gerard heads the company’s watch division from his home in Geneva.

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