Introduction
Alain Wertheimer is a successful French-born investor and the co-owner and chairman of Chanel. As a prominent figure in the fashion industry, Alain is most notably known for co-owning Chanel alongside his brother Gérard.
His well-calculated business strategies have seen the multi-billion dollar brand reach ever greater heights since he took over as Chairman in 1974. Alain understands the importance of personal branding and has used his own connections to spread Chanel’s global influence.
His out-of-work endeavors see him involved with philanthropic efforts across Europe and beyond – working toward bettering society regardless of social class or economic standing.
Early Life
Alain Wertheimer, co-owner of the luxurious Chanel brand, had quite an interesting early life. Born on August 27, 1948, in Paris, Alain was the third child of Jacques Wertheimer and Eliane Fischer.
He grew up in a very tight-knit family, alongside his two older siblings Gerard and Jacques Jr. Thanks to his grandfather Pierre Wertheimer, Alain inherited part of the incredible billion-dollar fashion conglomerate.
From an early age, he had a strong interest in music; he even performed at various recitals with his siblings. As well as music, Alain also developed a passion for horse racing and aviation – which still holds his attention today.
Net Worth
The estimated net worth of Alain Wertheimer is an astounding $49.9B, which places him among the world’s wealthiest individuals. His fortune derives largely from his ownership of a majority stake in the global luxury goods brand Chanel, after having inherited it from his father.
While there is no publicly available data on how exactly his wealth has grown over the years, he has managed to increase the value of this iconic, century-old brand to where it stands today.
Trivia
From donating all his profits from a lipstick created in memoriam of his late companion to buying two of Pablo Picasso’s paintings at auction in 2004 and keeping them on display at their Maison de Chanel offices in Paris, Alain Wertheimer has shown himself to be more than just a CEO – another image that classic Chanel fans have come to appreciate and admire him.
Discover the world of billionaires with the Billionaire Index website. Start your journey towards a better life by contacting us and letting us guide you towards an improved lifestyle.
Read Also:
Michael Dell Early Life, Net Worth, Family & Biography