They also own various vineyards across the world and racehorses.

The company is run by Alain Wertheimer who has presided over the acquisition of several non-Chanel brands, including Eres Lingerie, Tanner Krolle saddles and leather goods, and Holland & Holland, a …

Steve Kovach/Business Insider John van Hasselt/Corbis/Getty Images



All share a commonality: they too have made capitalism work very well.The longtime Project Runway judge has flirted with billionaire status for over two years.Longchamp's sales have exploded in recent years as the company capitalizes on a surging affordable luxury fashion market.The upscale French fashion house has benefited from the incredible stock performance of Ulta Salon.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.That's good news for president Nicolas Sarkozy, who counts a number of these wealthy citizens as fans, even friends.Chanel Lifts Its Skirt To Reveal Some Of Its Financial Trade SecretsMeet The Billionaires Behind The Top 100 Brands Of 2017



Why this release comes now and what it means is explored with luxury market experts.Together they reap riches of more than $1.1 trillion, thanks to you and your favorite brands.Why the sport of kings is attracting the world's wealthiest people.As a continent, Europe defied some of the trend across the rest of the Forbes 2016 Billionaires List: New fortunes were created, though overall net worth fell compared to 2015.There are 1,826 billionaires in the world, yet it's the richest 500 who hold two thirds of the wealth.

With a combined net worth over $30 billion, the Wertheimer brothers are among the richest people in the world.









Michel Dufour/WireImage/Getty Images


Their wealth began with their grandfather's acquisition of Chanel, the French fashion house, which they both co-own today.





It's not about the Wertheimers.



REUTERS/Arnd Wiegmann

AP Photo



Alain Wertheimer, along with his brother Gerard Wertheimer, inherited his family business in 1996 after the death of his father, Jacques.



Alain Ernest Wertheimer is Chief Executive Officer at Chanel Ltd. See Alain Ernest Wertheimer's compensation, career history, education, & memberships.

Alain Wertheimer (born 28 September 1948) is a French billionaire businessman, based in New York City.








Founded by his ancestors in the 1920s, Alain became the company’s Chairman in the 1970s.

September 1948 in Paris) ist ein französischer Unternehmer.


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