The Wertheimer family, owners of the iconic Chanel luxury goods group, have seen their net worth soar to an estimated $44.8 billion, according to Bloomberg. This remarkable wealth, as of June 27, 2023, is supported by the impressive revenue of $17.2 billion generated by the closely held fashion empire in 2022.
What’s more, the family’s financial portfolio includes three vineyards and a stable of racehorses in France, adding to their already vast assets. It’s no surprise that the Wertheimer’s wealth is rooted in their ownership of Chanel, which offers high-end products such as $900 sunglasses, $7,200 handbags, and $15,000 J12 watches.
But their investments don’t stop there. The family also has a stake in various external ventures, including stocks, real estate, credit, and private equity. This diversity in holdings further solidifies the Wertheimer family’s position as one of the wealthiest and most influential in the fashion and luxury goods industry.
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