Alain & Gerard Wertheimer are brothers and owners of Chanel, the French luxury brand. They have an estimated net worth of $8 billion. The Wertheimer are the 5th richest persons in France and among the top-150 billionaires in the world. Chanel, the high fashion brand, was founded in 1909 by their grandfather and his partner. His partner’s name was Gabrielle Chanel which became the name of the luxury brand and became famous worldwide.
Chanel is famous for its fashionable clothing range but it also sells perfumes, watches, make-up and fashion accessories. This luxury brand has been associated with a number of top models and actresses such as Keira Knightley, Hope Portocarrero, Nicole Kidman, Vanessa Paradis and, of course, the ever beautiful Marilyn Monroe. Apart from Chanel the brothers also own a couple of French vineyards and thoroughbred horses that won the French Derby.
Alain is based in US and serves as the chairman of the company and Gerard lives in Switzerland and heads the Chanel watches. They usually do not give interviews and live a highly protected private life. They are also known for philanthropic activities and as per reports Gerard’s wife, Valerie, is very active in charities that deal with child protection.