Alain Wertheimer is the chairman and co-owner of Chanel, a French luxury brand. Chanel was founded in the year 1910 by Coco Chanel with Wertheimer’s grandfather Pierre Wertheimer. Wertheimer owns the company with his brother Gerard. As of January 2023, Alain Wertheimer has $ 34.5 Billion net worth, according to Forbes.
Alain started his career by working as an intern at Mot & Chandon and worked hard to build his career. In the year 1970, he got the chairmanship from his father Jacques Wertheimer and started to work for the growth of the company while both brothers got the inheritance of the company. Alain with his leadership qualities put efforts towards the development of the Chanel and got the acquisition of many non-Chanel brands like Eres Lingerie and beachwear, Tanner Krolle saddles and Leather good, and British Gunsmith Holland & Holland.
In the year 1980, Wertheimer relocated his business to New York and mirroring the company’s focus on the American market while in the 1990s, during the global recession, the sale of the products declined but after some time the demand for the product started to grow rapidly. Chanel also continued to develop both its boutique network and product line.
Both the Wertheimer brothers owned French vineyards including Chateau Rauzan- Segla in Margaux and Chateau Canon in Saint-Emilion. They also own lots of farms and horse racing stable that they call La Presle Farm or the Wertheimer farm. In the year 2022, according to Bloomberg Billionaires Index, Alain was the 26th richest man in the world.
Alain Wertheimer was born on 28th of September 1948 in Paris, France. Alain Completed his Schooling from local French school and after he went to University of Paris. Wertheimer got married to Brigitte Laloum and they have 3 children.