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“Little Black Dress” and the Chanel N° 5 fragrance belong to the empire of Gérard Wertheimer (72). The Frenchman takes the top spot in the latest “Bilanz” ranking of Switzerland’s richest residents. The fashion czar climbs to number one with an estimated fortune of 41 to 42 billion francs. That’s how much her 49 percent stake in Chanel’s luxury empire is worth. Only his brother Alain (75), who lives in New York, is slightly richer.
On the one hand, Gérard Wertheimer owes his rise to the three billion franc increase in his fortune and the decline of the Kamprad family, which has been at the top of the super-rich list for 21 years.
hidden in the background
Wertheimers’ clothes and fragrances attract great attention in the world of the rich and famous. In stark contrast to their own appearance: the two brothers avoid publicity wherever possible. They sit in the third or fourth row at their own fashion shows. They are already rejecting interview requests. This earned them the title of “the quietest billionaires in the fashion industry.”
Gérard and his wife Valérie’s (73) estate in Cologny, their hometown in Geneva, fits perfectly with the modest look. Deciduous trees gather densely, blocking the view of the huge villa. The grass area is the size of a football field. From here Gérard manages his fortune as the European head of the family empire, focusing on the watch business. And with great success. Over the last seven years, Chanel Group’s sales have more than doubled to over $17 billion.
The two brothers also own prestigious wineries in France and California’s Napa Valley. Since this year, they also own 5.1 percent of the French investment bank Rothschild. Gérard’s particular passion is horse racing. He personally manages the business of raising a family, which gives him additional prestige in the world of the super-rich.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
