In 1947, he married Eliane Fischer, who was the daughter of a successful architect. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536337&cache=false" Alain Wertheimer (left) with brother Gerard Wertheimer (right) at the Prix de l'Arc de Triomphe at the Hippodrome de Longchamp in 2006. 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. Alain Wertheimer ist verheiratet mit Brigitte und hat 3 Kinder. He owns the company with this brother Gerard, who oversees the watch division. Wertheimer also invested millions of dollars in the advertisements for the brand’s cosmetics by using famous people such as Marilyn Monroe and Audrey Tautou as endorsers. 5 perfume. ”It’s about Coco Chanel. Alain Wertheimer's great grandfather Ernest Wertheimer. Gerard Wertheimer, Alec Head, and Alain Wertheimer watch the horses race in Deauville, France in 1992. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536380&cache=false" He controls the watch division of Chanel, and resides in Switzerland. Pierre Wertheimer, Alain Wertheimer's father, with the trophy after his horse Lavandin, ridden by Rae Johnstone, won the Epsom Derby, June 6, 1956. Chanel's executive offices are only a short distance from Alain's home, on 57th Street. Alle rechten voorbehouden. Currently, Alain Wertheimer is the chairman of the company and resides in New York, United States. But after having two sons, Alain and Gerard, they got divorced soon in 1952. According to The New York Times, they live "like Old World aristocrats", indulging their passions for horse racing, shooting, fine wines and art collecting. They inherited the luxury brand company Chanel, which was co-founded by their grandfather Pierre Wertheimer, in 1996 after their father, Jacques Wertheimer, died.Alain Wertheimer had interned at Moët & Chandon, before taking control of Chanel in 1974. He has a country home in Connecticut. Queen Elizabeth II presents the trophy to owners Alain Wertheimer and Gerard Wertheimer, after their horse Solow won the Queen Elizabeth II Stakes Race run during the QIPCO British Champions Day at Ascot Racecourse on October 17, 2015 in Ascot, United Kingdom. Le créateur attitré, Karl Lagerfeld, qui est en grande partie responsable de cette bonne santé, est allemand. He removed the perfume from drugstore shelves. Alain Wertheimer lives with his wife, Brigitte, and their three children in a grand apartment on Fifth Avenue. He owns the company with his brother Gerard, who heads the company's watch division from his home in Geneva. Registratie of gebruik van deze site vindt plaats onder Algemene Voorwaarden en Privacybeleid. When No. Eliane Fischer was the daughter of a successful architect. In 1947, he married Eliane Fischer, who was the daughter of a successful architect. Alain’s grandfather was Pierre Wertheimer, a French industrialist, who, with his brother Paul, founded Les Parfums Chanel, which began making and distributing fashion designer Coco Chanel's No. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2535999&cache=false" Alain Wertheimer's grandfather Pierre Wertheimer. Alain Wertheimer is more cynical of the two brothers. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536336&cache=false" His younger brother Gerard was born three years later.Alain Wertheimer’s great grandfather, Ernest Wertheimer, was born in 1852 and died in 1927. Along with his brother Gerard Wertheimer, he controls Chanel, the Parisian fragrance and fashion house that makes Chanel No. The longtime Project Runway judge has flirted with billionaire status for over two years. Sales once again increased with the increase in the demand for the perfume.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. Let's just keep this among us billionaries. Alain and his brother spend some of their time in New York despite 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. He had emigrated to Paris from Alsace in 1870. Karl Lagerfeld, the public face of Chanel, died in February 2019 at the age of 85. Alain Wertheimer, as mentioned, lives in New York City in a large apartment on Fifth Avenue with his wife and children. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536005&cache=false" 5 fragrance in 1924.Pierre Wertheimer was also an avid horseman who began one of the world's great racing dynasties. Why the sport of kings is attracting the world's wealthiest people. Alain Wertheimer with his horse Egyptand at Grand Prix of Diane in Chantilly, France on June 11, 2000. Many of their horses have also won races at the French Derby and the Breeders’ Cup Turf. They are the third generation to run the nearly 110-year-old company. Their wealth, while largely inherited, has been grown through business deals and acquisitions spanning retail, wine, and horse racing. Alain Wertheimer attends the Chanel 2014 Spring/Summer ready-to-wear collection fashion show, on October 1, 2013 at the Grand Palais in Paris. Alain Wertheimer s’est installé à New York et supervise les affaires de là-bas. Wertheimer also invested millions of dollars in the advertisements for the brand’s cosmetics by using famous people such as Marilyn Monroe and Audrey Tautou as endorsers. Such a move he made resulted in an ensured greater sense of scarcity and exclusivity for the fragrance line. I will gladly speak to you, about the wine and the horses, because we sell the brand value. But I don't give interviews on Chanel because it is not useful for the Chanel business. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2535928&cache=false" Horses are the brand value of ‘Wertheimer Frères.’ But I don’t give interviews on Chanel because it is not useful for the Chanel business.”. 5 de Chanel became a passé in fashion and perfume, he revamped the sales of the line by reducing the number of outlets from 18,000 to 12,000. The Wertheimer would have been wealthy without their Chanel business. We sell dreams.". His grandfather Pierre Wertheimer founded it with Gabrielle (Coco) Chanel, the company's namesake. Alain et Gérard Wertheimer arrivent en toute discrétion, sans se faire entendre et quittent le Grand Palais presque à la sauvette, en laissant la place au Kaiser sous les applaudissements et les flashs des paparazzis. The Wertheimer family fortune dates back to 1920s Paris when Pierre Wertheimer funded designer Coco Chanel. Liefhebberijen zijn jagen, paardenraces, wijn, kunst en skiën bij hun chalet in de Zwitserse alpen. According to Bloomberg, Alain Wertheimer has an estimated net worth of $14.6 billion as of March 2019. 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. Photo by Charles Platiau. Alain Wertheimer serves as the chairman of Chanel. We don't sell handbags or haute couture. They live lavish lifestyles in private, surrounding themselves with those similarly closemouthed, and are known as fashion’s quietest billionaires. Alain and Gerard breed and race thoroughbreds. Wat moet je weten? 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. Photo by Michel Dufour. Why this release comes now and what it means is explored with luxury market experts. Alain and Gerard Wertheimer, co-owners of luxury brand Chanel, are amongst the 10 richest people living in France. ''Besides, the brothers never speak about Chanel publicly. 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. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=2536333&cache=false" All Rights Reserved. I will gladly speak to you, about the wine and the horses, because we sell the brand value. ''You can make money that way,'' Alain told Wine Spectator in one of his rare interviews. But after having two sons, they got divorced soon in 1952. 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’s father, Jacques Wertheimer, inherited and operated his father Pierre’s business successfully. Alain Wertheimer moved his offices to New York, the United States in the late 1980s, reflecting Chanel's emphasis on the United States market. Together they reap riches of more than $1.1 trillion, thanks to you and your favorite brands. Alain Wertheimer had interned at Moët & Chandon, before taking control of Chanel in 1974. Gerard and Alain Wertheimer are among the richest people in the fashion-industry Little is known about petite brunette who won the heart of the successor of the legendary House. Chanel’s executive offices are only a short distance from Alain’s home, on 57th Street. In a historic move Chanel makes its sales and operating profit public, announcing it is a $10 billion company, which lifts it almost to levels of Louis Vuitton and head of Gucci and Hermes in sales. Horses are the brand value of 'Wertheimer Frères'. Once logged in, you can add biography in the database. Their wealth began with their grandfather’s acquisition of Chanel, the French fashion house, which they both co-own today. In 1983, the Wertheimer brothers appointed Karl Lagerfeld as the artistic director of Chanel's fashion division. shooting, horse racing, fine wines, art collecting and skiing. Vermögen. Based in France, the Wertheimer brothers own French vineyards like Rauzan-Segla in Margaux, France and Chateau Canon in Saint-Emilion, both of which have won rave reviews from oenophiles. ''But that's not the way to run a family business. src="" alt="" class="gallery-slider__content__img" height="". Like any high-risk, high-stakes activity, horse racing draws its share of the super-rich, who own stables and breed thoroughbreds in hopes they'll rack up Triple Crown wins. It’s not about the Wertheimers.”, 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. Copyright © 2020 Business Insider Nederland. Based in France, the Wertheimer brothers own French vineyards like Rauzan-Segla in Margaux, France and Chateau Canon in Saint-Emilion, both of which have won rave reviews from oenophiles.

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