Alain Wertheimer (2024)

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Alain Wertheimer? ›

Real Time Net Worth

Alain Wertheimer is the chairman of Chanel, the French luxury brand. He owns the company with this brother Gerard, who oversees the watch division. His grandfather Pierre Wertheimer founded it with Gabrielle (Coco) Chanel, the company's namesake.

Real Time Net Worth

Alain Wertheimer is the chairman of Chanel, the French luxury brand. He owns the company with this brother Gerard, who oversees the watch division. His grandfather Pierre Wertheimer founded it with Gabrielle (Coco) Chanel, the company's namesake.

The Wertheimer family fortune dates back to 1920s Paris when Pierre Wertheimer funded designer Coco Chanel. His grandsons, brothers Alain and Gerard Wertheimer, control Chanel today. The brothers have a combined net worth of around $98 billion.

In 1974, Alain and Gerard Wertheimer took over as co-owners of the Chanel brand after their father, Jacques Wertheimer, died. Alain is the President of Chanel, while Gerard heads the watch division. They are the third generation to run the 110-year-old company.

He is married to Valérie Wertheimer, with whom he has three children, Paloma, Olivette and Juan, all of whom are less than 15 years of age.

Since then the ownership of Chanel has been passed down for generations in the Wertheimer family, first to Pierre's son Jacques, and then to Alain and Gerard. Little is known about the brothers who now own the brand, but they own several vineyards across France and are enthusiastic equestrians.

Throughout this time Chanel's closest female friend was Misia Sert, described by the writer Paul Morand, later the author of Chanel's memoirs, as a 'collector of geniuses, all of them in love with her'. Chanel had first met Misia, a pianist whose third husband was the Spanish painter Josep Maria Sert, in 1916.

Coco Chanel became very rich and famous during her life, but her childhood was a humble one. She was the daughter of a peasant and a street vendor and was born in a poorhouse.

One enters Chanel's abode at 31 rue Cambon, Paris, just off the fashion epicentre that is rue du Faubourg Saint-Honoré. Up one flight of mirrored walls, and you reach the salons. Up another and you get to Chanel's own apartment. The apartment remains as she left it when she died in 1971 and isn't open to the public.

What is Alain Wertheimer net worth? ›

As of October 2022, Wertheimer's net worth was estimated at US$40 billion by Bloomberg Billionaires Index, making him the 26th richest person in the world.

Chanel has named Ugandan-Canadian actress Whitney Peak as its first Black fragrance ambassador. The 20-year-old is the new face of Coco Mademoiselle, following on from previous ambassadors Kate Moss and Keira Knightley.

1. She refused a marriage proposal from the Duke of Westminster. Chanel reportedly had a 10-year affair with the second Duke of Westminster, Hugh Grosvenor, during which time the Duke proposed marriage to the designer. Chanel refused, later stating: “There are lots of duch*esses, but only one Coco Chanel.”

“I was not loved in their house.” She told the girls at the orphanage that her father had gone to America to seek his fortune and would come to get her as soon as he was rich. But in reality, after he dropped her off, Coco never saw him again.

Wertheimer Surname Definition:

(German) One who came from Wertheim (river island place), the name of several towns in Germany.

What was Coco Chanel's net worth? Coco Chanel was a French fashion designer who had a net worth of $5 million at the time of her death in 1971. After adjusting for inflation that's the same as around $40 million today.

Coco Chanel's last words to her maid Celine were “You see, this is how you die.” She died in her bed at the Hotel Ritz at 9pm on the 10 January 1971.

Tragedy Struck the Scottish Estate

He was suffering from severe health issues, and in 1953, passed away inside Rosehall Estate, a place where he and Coco had made so many memories. After Grosvenor passed away, the mansion remained empty and abandoned.

Chanel closed her couture house in 1939 with the outbreak of World War II. Her associations with a German diplomat during the Nazi occupation tainted her reputation, and she did not return to fashion until 1954.

Elsa Schiaparelli was a fashion revolutionary and innovator. It was with good reason she was Chanel's biggest rival, and her legend is still alive today. Why did Coco disliked her?

Who was Coco Chanel's muse? ›

Misia Sert is best known as a pianist and muse. Sert and Chanel met at a dinner party in 1917 and quickly became close friends. After Capel's passing, Sert consoled Chanel and brought her to Venice to meet Sergei Diaghilev, another one of Chanel's muses.

Born in dire poverty to unwed parents on this day, Aug. 19, in 1883, she was shuffled off to an orphanage and raised by Catholic nuns after her mother died. Smart and unsentimental, she made the most of her hardship, gathering her experiences like fabric for future designs.

A year later: Virginie Viard at Chanel

After Karl's death was confirmed by Chanel, among others, it was also immediately announced that Virginie Viard would take on the creative leadership of Chanel.

Virginie Viard, his longtime collaborator for over 30 years and director of Chanel's Fashion Creation Studio, will take over at the creative helm of the brand. Chanel announced the news in a statement today.

Not long after Karl Lagerdeld's passing, Virginie Viard, also known as the late fashion icon's “right-hand”, was announced as his successor on Instagram.