Alain Wertheimer (right) and his brother Gerard Wertheimer. If not, could you forward this site to this person. Alain and Gerard Wertheimer, co-owners of luxury brand Chanel, are amongst the 10 richest people living in France. 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.Alains father, Jacques Wertheimer, inherited and operated his father Pierres business successfully. French racehorses and vineyards are further assets. Milestones 1940 Wertheimer family flees France as German troops advance towards Paris.. Besides, Alain Wertheimer 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. Alain, who has multiple homes and rich assets, was reared in an affluent family and is renowned for leading an opulent lifestyle. Alain Wertheimer lives with his wife, Brigitte, and their three children in a grand apartment on Fifth Avenue. Alain finished his education in local French schools using the English language. He has a country home in Connecticut. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2535998&cache=false" Alain Wertheimer reportedly owns a "grand apartment on Fifth Avenue," according to The New York Times, which he shares with his wife Brigitte and 3 children. Alain and Gerard Wertheimer, co-owners of luxury brand Chanel, are amongst the 10 richest people living in France. But I don't give interviews on Chanel because it is not useful for the Chanel business.''. It has also been reported that the Wertheimer family enjoys shooting game at their chateau in Loire Valley, France. Petitioners became residents of the State of New York on October 1, 1986 and remained residents of this State for the period through and including December 31, 1986. He married the successful architects daughter Eliane Fischer in 1947. Pierre Chanel, his grandfather, co-founded Chanel with Coco Chanel. Wertheimer also invested millions of dollars in the advertisements for the brands cosmetics by using famous people such as Marilyn Monroe and Audrey Tautou as endorsers. Biography []. Alain and his brothers own vineyards in France and Californias Napa Valley. Founded by his ancestors in the 1920s, Alain became the company's Chairman in the 1970s. Chanel hired a lawyer and attempted to renegotiate the contract, which ultimately failed, so she set up a rival Swiss parfumerie under the name Chanel perfumes.. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536334&cache=false" Alain, 70, and brother Gerard Wertheimer, 67, both have a net worth of $21 billion for a combined net worth of $42 billion. Ernest Wertheimer, Alain Wertheimers great-grandfather, was born in 1852 and passed away in 1927. However, Chanel's success in the 1980s was credited with boosting the Wertheimer family's wealth to a new level, and by the late 1990s, the Wertheimer family's fortune was estimated to top $5 billion. The house became especially famous for its elegant little black dress, tweed suit her, and his iconic No. 5, into the hands of more customers. Alain Wertheimer (left) with brother Gerard Wertheimer (right) at the Prix de l'Arc de Triomphe at the Hippodrome de Longchamp in 2006. Brothers Alain and Gerard Wertheimer assumed the role as co-owners of the House of Chanel in 1996 after their father, Jacques Wertheimer, son of Pierre, died. According to Tilar Mazzeos The Secret of Chanel No. According to Anastasia Kourovskaia, a vice president at consultancy Millward Brown Optimor EMEA, Alain took operational control of the label in 1974, three years after Coco Chanels death, and began to revive the brand and re-establish it at the top-end of the perfume and luxury market. Alain Ernest Wertheimer (born 28 September 1948) is a French billionaire businessman, based in New York City. Chanel does not design its products in accordance with the newest trends. The two are known as "fashions quietest billionaires," according to The New York Times. Alain Wertheimer, the French billionaire who owns Chanel with his brother Gerard Wertheimer, will take on the position of worldwide executive chairman, the company announced in a statement. Ms Nair worked for the multinational consumer products corporation for 30 years, most recently serving as the executive committee member and head of human resources. 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 Frre partnership in France.The Wertheimer would have been wealthy without their Chanel business. Their New York based facility had started manufacturing and distributing Helena Rubinstein range of face creams. alain wertheimer brigitte wertheimer. Alain Wertheimer and his brother Gerard Wertheimer (right). She dresses women held practical and sober, creates loose clothing, shorter skirts and popularized Jersey, lightweight fabric used for underwear. The purchase cemented the brothers' vintner status in the wine industry. Current Address: ULTH W 57th St, New York, NY. Facebook: thebiographyscoop Alain E Wertheimer Nathaniel A Wertheimer View details View Brigitte's Current Address | View Brigitte's Phone Best Match AGE 60s Brigitte Wertheimer New York, NY (Upper Manhattan) Phone Number Address Background Report Addresses 5th Ave, New York, NY W 57th St, New York, NY Park Ave, New York, NY Relatives Sarah Wertheimer Heidi R Wohlfeld Alain Wertheimer's grandfather Pierre Wertheimer. There was fresh speculation that the Wertheimer family, who own Chanel, may try to sell the business or go public after the passing of Karl Lagerfeld in February of last year. It is the time that he began to make money and lately amassed a net worth of $14.6 billion. [6], Last edited on 29 November 2022, at 21:19, "From Nazis to Churchill: The Stink Behind Chanel No. Their grandfather, Frechman Pierre Wertheimer, and his brother Paul, struck a deal with Gabrielle "Coco" Chanel in 1924, founding Socit des Parfums Chanel a deal to sell and produce Chanel beauty products. Additionally, make a donation to La Fondacion Fas, a non-profit organization established in Geneva dedicated to helping those suffering from alcoholism as soon as possible. View more. 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. In der Forbes Liste 2016 steht er, gemeinsam mit seinem Bruder Gerard auf Platz 90. Photo by Owen Franken/Corbis via Getty Images, Etienne DE MALGLAIVE/Gamma-Rapho via Getty Images, Visit Business Insider's homepage for more stories, The life and rise of billionaire Oracle founder and international playboy Larry Ellison, who dropped out of college twice and has a $68 billion fortune, 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, GEOFFROY VAN DER HASSELT/AFP/Getty Images, Andrew Lichtenstein/Corbis via Getty News, Carl Simon/United Archives/Universal Images Group via Getty Images, His grandsons, brothers Alain and Gerard Wertheimer, control, The brothers have a combined net worth of. 5 de Chanel became a pass in fashion and perfume, he revamped the sales of the line by reducing the number of outlets from 18,000 to 12,000. Their wealth, while largely inherited, has been grown through business deals and acquisitions spanning retail, wine, and horse racing. He was a Jewish by religion, and traced his roots back in medieval Germany. 5, a history of the fragrance, the Jewish family fled Paris in 1940 as German troops advanced on the city, returning after the war. Pierre Wertheimer took full control of Chanel in 1954, and Coco Chanel died 17 years later. They live lavish lifestyles in private, surrounding themselves with those similarly closemouthed, and are known as fashion's quietest billionaires. Alain stands around 5 feet and 7 inches and weighs around 57 kgs Alain has white and brown hair and a dashing pair of light brown eyes. In 1947, he married Eliane Fischer, who was the daughter of a successful architect. In addition to this brand, Alain also owns vineyards in Margaux, Napa Valley and Saint Emilion. In 1983, the Wertheimer brothers appointed Karl Lagerfeld as the artistic director of Chanel's fashion division. He is married to Valrie Wertheimer, with whom he has three children, Paloma, Olivette and Juan, all of whom are less than 15 years of age. Although the early 1990s global recession impacted sales of luxury products, by the middle of the decade, demand had begun to pick up, and Chanel had continued to grow both its boutique network and product line. Founded almost a century ago, brand capital "C" starts a new chapter in its history. Gerard heads the company's watch division from his home in Geneva. Co-owner of the House of Chanel Alain Wertheimer has extended this same commitment to confidentiality to his own art collection. -n{qa5 c^S;JF72\k*XZaZQu?N0* }fplLV;^vaHr[2UJm+4$2z)eW9_B}ZC^e'HV[zBVW5]VY#=G8fkw9K_Xpgg_J\rD=o1=!]&8JSnq^Z9@N=VIBHSyVGM:otAfb\M_~m5{2o&D9y/{zz)Q]T:,(JK}_w}|(CKI=]` %)6@K?BkN***4GMB#*yXX mtF-ZcE.i31]d#S(!a0&\U:Qc^;{grx. Gerard Moreno Biography, Age, Family, Brother, Wife, FIFA 22. Alain Wertheimer attends the Chanel 2014 Spring/Summer ready-to-wear collection fashion show, on October 1, 2013 at the Grand Palais in Paris. Meet the two reclusive brothers who each own half of Chanel. Chanel, at the time, saw it as an opportunity to get her signature fragrance, Chanel No. Alain et Grard Wertheimer sont les hritiers du groupe de luxe Chanel, spcialis dans la haute couture, le prt--porter et les parfums. ''You can make money that way,'' Alain told Wine Spectator in one of his rare interviews. The Wall Street Journal reported that Wertheimer family and their guests can often be found in the chteau in the summer, according to chateau employees. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536336&cache=false" It's about everyone who works and creates at Chanel. Top editors give you the stories you want delivered right to your inbox each weekday. 5 perfume, along with his brother Gerard Wertheimer. The Wertheimer brothers are based in France and are the owners of acclaimed French vineyards like Rauzan-Segla in Margaux, France, and Chateau Canon in Saint-Emilion. Customers may recognize Chanel items even without seeing the emblem since they always have a consistent style, spirit, and quality. On June 9, 2022, the valuation was updated to reflect 2021 results, resulting in a $20 billion increase. It had become an international business with holdings in the US as well. Although Alain co-owns all his assets with his brother Gerard, his own personal net worth has been estimated to be around $11.7 billion. Born in 1911 and died in 1996, Jacques Wertheimer concentrated on the thoroughbred operations of horse racing, developing himself into an owner of one of the most successful stables in the country of France. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2535785&cache=false" Together they reap riches of more than $1.1 trillion, thanks to you and your favorite brands. Times Internet Limited. 2022 Fortune Media IP Limited. Alain resides with Brigitte in New York, NY. This amalgam of things unfair, gender and people have no place to be for me because it has no basis: it does not qualify as I find it detrimental to an individual as a result of positions of responsibility that I exercise in Chanel. Business peintre hollandais liste Consultation. In 2015, Solow, a Wertheimer horse, won the Queen Elizabeth II Stakes Race. He is 73 years old as of 28 September 2021. They also own various vineyards across the world and racehorses. With 468 billionaires, Europe claims 28% of the world's ten-figure fortunes adding up to an aggregate net worth of $1.95 trillion. Alain Wertheimer is more cynical of the two brothers. Alain and his brother spend some of their time in New York despite Chanel's executive offices are only a short distance from Alain's home, on 57th Street. He roseRead More Aaron Quinn Biography, Age, Girlfriend, Instagram, Net Worth & Wiki, Susana Yabar (born between 1990 and 1995 in Madrid, Spain) is a well-known Spanish fitness trainer, Instagram personality, social media influencer, journalist, model, fitness expert,Read More Susana Yabar Biography, Age, Yoga, Youtube, Instagram, Boyfriend, Net Worth & Wiki, Katherine Zhu (born January 13, 1996; age 27) is a well-known Canadian and Chinese golfer, athlete, social media influencer, and businesswoman. But after having two sons, Alain being one of them, they got divorced soon in 1952. If not his business or his art, what else will Wertheimer discuss? 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. Prabook is a registered trademark of World Biographical Encyclopedia, Inc. src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2535997&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2536336&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2536380&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2535928&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2535998&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2536334&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2535999&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2536337&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2535785&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2536005&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2536087&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2536333&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=2536335&cache=false" alt="Other photo of Alain Wertheimer" class="gallery__img" height="167", data-src="/web/show-photo.jpg?id=2535997&cache=false" Alain Wertheimer's Net Worth In 2022 - $45 billion Personal Life Alain Wertheimer is renowned for leading a reclusive life, avoiding the media, and giving the press only sometimes interviews. Alain finished his education at a local French school. The day they got married is unknown. Longchamp's sales have exploded in recent years as the company capitalizes on a surging affordable luxury fashion market. Such a move he made resulted in an ensured greater sense of scarcity and exclusivity for the fragrance line. Alain Wertheimer owns with his brother Gerard Wertheimer, the house of haute couture Chanel, Bourjois Cosmetics, the manufacturer of shotguns Holland & Holland, brand swimwear Ers and editions of La Martiniere. In 1978, ready-to-wear clothing was introduced, and five years later, German designer Karl Lagerfeld was hired as artistic director. [citation needed], Wertheimer is married, with three children, and lives in New York City. Le magazine Forbes le classe 48e fortune mondiale en 2020, et au 3e rang des fortunes franaises, conjointement avec son frre Grard 1 . All Rights Reserved. Along with his brother Gerard Wertheimer, he controls Chanel, the Parisian fragrance and fashion house that makes Chanel No. They also own a racehorse business in France and the United States, which is valued according to a thoroughbred horse consultant who asked not to be identified because the company is privately held. Photo by Etienne De Malglaive. The sales amount to almost one billion euros. All Rights Reserved. The uneven split caused a rift between the founders, with Chanel accusing Wertheimer of exploiting her talents as a fashion designer and as a businesswoman. He turned French after being Gallicized and bought a home on Avenue de Neuilly, close to Bois de Boulogne. Type and hit enter. 5 perfume, and tweed suits, announced that Ms Nair will join the company in January and added that the new hires would guarantee its long-term prosperity as a private company.. Fortune 500 International. Chanel's executive offices are only a short distance from Alain's home, on 57th Street. Alain Wertheimer moved his offices to New York, the United States in the late 1980s, reflecting Chanel's emphasis on the United States market. Alain and Gerard Wertheimer have an impressive art collection - Picasso, Matisse, Rousseau, and many fine Asian pieces - that grace their eight homes as well as the company's executive offices on 57th Street, yet they never allow any of the works to be loaned or photographed. The walls are closing in on corporate employees as CEOs at Disney and Starbucks demand that workers start returning to Up from here? He had emigrated to Paris from Alsace in 1870. ". In 1994, the brothers bought Bordeaux winery Chateau Rauzan-Segla. ---- src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536380&cache=false" Advertisements How old is Alain Wertheimer? I will gladly speak to you, about the wine and the horses, because we sell the brand value. He had been the company's creative director for over 35 years. The two brothers also own Mousse Partners, one of the worlds largest and most discrete family offices in the world. He is the chairman and controlling shareholder of Chanel, along with his brother Grard, who heads the companys watch division. 5, The success of the perfume No. Indeed, it was clearly stated that the Company WES account of "high net worth", among whom I was named, but its leaders are subject to an ongoing criminal investigation, apparently involving a system of false invoicing allowing certain customers to evade payment of VAT, in a context of potential possible corruption of officials. Alain Wertheimer and Gerard Wertheimer own Chanel and they have a combined net worth of $50 billion. Alain Wertheimer is married to Brigitte and has three children, whose names are unknown. The brothers rarely make public appearances and never comment on Chanel. The Wertheimer would have been wealthy without their Chanel business. They inherited the luxury brand company Chanel, which was co-founded by their grandfather Pierre Wertheimer, in 1996 after their father, Jacques Wertheimer, died. Brigitte is wife of Alain Wertheimer (b. But despite the escalating price tag, demand for bags remains so high that Chanel has reported a shortage and had to limit the number that consumers can buy in China and in Paris. Similarly, he shuns the charity ball and Park Avenue dinner circuit. 5 perfume. Photo by Michel Dufour. Queen Elizabeth II presented the trophy to both Alain and Gerard Wertheimer after the race that bears her name in 2015. Alain Wertheimer, the French billionaire who owns Chanel with his brother Gerard Wertheimer, will take on the position of worldwide executive chairman, the company announced in a statement. How much is the net worth of Alain Wertheimer? In 1924, he signed an agreement with Coco Chanel to create Parfums Chanel. His wealth, while largely inherited, has been grown through business deals and acquisitions spanning retail, wine, and horse racing. Born in 1949 in a Jewish family, he was born in the riches of his parents and grandparents. 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. Not even a beautiful one. The executive worked at Mot & Chandon before . ", Right of reply by Mr. Alain Wertheimer, following the June 10 article: "The net worth for cash. Past Addresses: New York NY. According to The Wall Street Journal, a "large but humble bamboo table greets guests in the entry hall" of the chateau, which also features modern furniture with shades of purple and pink, and down in the wine cellar, there are bottles dating back to the early 1800s. Karl Lagerfeld, the public face of Chanel, died in February 2019 at the age of 85. Just like their grandfather, Alain and Gerard have both taken an interest in horse racing. But after having two sons, Alain and Gerard, they got divorced soon in 1952. [3], Wertheimer was born on 28 September 1948,[4] to a Jewish family,[1] the son of Jacques Wertheimer and Eliane Fischer. Their New York based facility had started manufacturing and distributing Helena Rubinstein range of face creams. In 1910, Pierre had married Germaine Revel, who herself was the daughter of a successful stockbroker and a Lazard family member of the investment bankers. -> Site for Brigitte Wertheimer, "The article entitled" Money hidden tax havens ", highlighted from the summary of the site: www.lepoint.fr, to be announced in a headline on the front page of the newspaper reproduced verbatim and published in the "Economy" with an attractive new subtitle, "Scandal, hunting 10 000 billion placed in tax havens is open. According to Bloomberg, Alain Wertheimer has an estimated net worth of $14.6 billion as of March 2019. E pensare che la loro famiglia, fin dagli anni 20, in qualche modo alla guida. [2] She is well-known for her roles in films suchRead More Katy Breier Biography, Age, Movies, Boyfriend, Instagram, Net Worth & Wiki, Samantha Logan (born October 27, 1996, age 27) is a well-known actress, model, and celebrity from Boston, Massachusetts, in the United States. He was a Jewish by religion, and traced his roots back in medieval Germany. Alain Wertheimer became the co-owner of the House of Chanel in 1974. 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. When No. '', 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. 5 perfume. 5 Chanel helped raise awareness around the world. Karl Lagerfeld (right) talks with Gerard Wertheimer; 2007. Chanel does not design its products in accordance with the newest trends. In each of his shows, Karl Lagerfeld knows how to introduce number of models that constitute the contemporary variation of those old Coco's created. The majority of Wertheimer's fortune is derived from Chanel. She will be located in London. In 1947, he married Eliane Fischer, who was the daughter of a successful architect. By the 1920s, his fathers company Bourjois had become one of the biggest cosmetics and fragrances company in the country. Wertheimer brothers, whose fortune is ranked in fifth place in France in 2010 with 7.5 billion1, are also at the head of a prestigious stable of racehorses, entrusted to the Head family. I am tax resident in this country with all the consequences attached to tax and social security, which is easily verifiable. Alain Wertheimer serves as the chairman of Chanel. They hardly ever take interviews or speak publicly about France's most iconic fashion house, which they both helm. Horses are the brand value of 'Wertheimer Frres.' The corporation has invested over a billion euros in online advertising campaigns and international expansion in recent years. Additionally, make a donation to La Fondacion Fas, a non-profit organization established in Geneva dedicated to helping those suffering from alcoholism as soon as possible. Its about everyone who works and creates at Chanel. Numbers released last year, for the first time in 108 years, showed total sales for the 2017 calendar year were $9.62 billion. When No. Non-listed and therefore not subject to the publication of its accounts, the group maintains the mystery of its scope: According to weekly sales of Chanel SAS "haute couture, perfumes, fashion design, jewelry," based in Neuilly-sur-Seine, would amount to 1.04 billion euros. A bottle of Chanel No. As both Alain and Gerard near their 70s, it still remains unknown who will succeed them in the Chanel business. Once logged in, you can add biography in the database. The chairman of Chanel is Alain Wertheimer. He is steeped in money but doesn't hesitate to use his Metrocard to get around Manhattan. Its about Karl [Lagerfeld]. It had become an international business with holdings in the US as well. Alain lives in a Fifth Avenue apartment in New York with wife Brigitte, with whom he has three children. Born in 1951, Gerard is the younger brother of Alain. He controls the watch division of Chanel, and resides in Switzerland. He is the chairman and a controlling shareholder in Chanel, with his brother Grard who chairs its watch division. The two reclusive brothers who own Chanel saw their net worth increase by $5 billion as the surging demand for luxury products during the pandemic boosted profits at the French fashion house. In this success post, we are going to share the story of Alain Wertheimer, who along with his brother Gerard Wertheimer, inherited his family business in the year 1996 after the death of his father, Jacques. Once he took over his family business, he acquired a number of non-Chanel brands as well, including Holland & Holland (a UK based gun-maker), Eres (lingerie & beachwear), and Tanner Krolle (leather goods and saddles). About Alain Wertheimer. However, she failed. Brigitte Wertheimer: Spouse Wertheimer remained chairman of the company while Franoise 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. In their absence, Coco Chanel attempted to take over the Wertheimers business in 1941. After being Gallicized, he became French, and owned a house in Avenue de Neuilly near Bois de Boulogne. The brothers are largely tight-lipped, hardly ever speaking to the press or giving interviews about their wealth, companies, family, relationships, or hobbies. They also avoid using their names in advertisements, rarely show up for Chanel shop openings, and refuse to license the brand name for aerosols and bedsheets. The brothers have a combined net worth of $42 billion. Includes Address(2) Phone(1) See Results. The two also never attend the opening of Chanel stores, nor do they publicly comment on the business. Wertheimer was born to a Jewish family, the son of Jacques Wertheimer and Eliane Fischer. Lagerfeld would go on to revolutionize the iconic French fashion house for over 3 decades, saving it from a potential financial collapse, up until his death in February 2019. Since then the ownership of Chanel has been passed down for generations in the Wertheimer family, first to Pierres son Jacques, and then to Alain and Gerard. They live in a grand apartment on Fifth Avenue. In a New York Times article from 2002, Alain Wertheimer told a reporter why he spoke with Wine Spectator and declined to comment for the paper:"I spoke to the Wine Spectator because that's PR, that's how you sell wine. During the time, the Wertheimers owned over 50 percent of the fashion house. We don't sell handbags or haute couture. The French Catherine Deneuve and Carole Bouquet, the Australian Nicole Kidman and more recently the British Keira Knightley, the face of the Chanel around the world embody the elegant "French". Their wealth began with their grandfather's acquisition of Chanel,. Alain Wertheimer, n le 28 septembre 1948 New York, est un homme d'affaires et milliardaire franais. The move signals another effort from Chanel to buy small, niche fashion companies who specialize in certain product categories. Investigation ", contains serious and false accusations detrimental to me, and beyond) Chanel, since my name is mentioned followed by the words" co-owner of Chanel. In order to meet the needs of middle-class consumers and expand to regions like Asia, Chanel created more affordable ranges. Finally, the Omotesando store opened in 2001 in Tokyo, and became the largest in Japan. 5 perfume, is under the management of Wertheimer and his brother Gerard. 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