Alain Wertheimer Net Worth $1.14 Billion
Jointly with his brother Gerard, they manage the firm founded by their grandfather, Pierre Wertheimer, who was an early business associate of Gabrielle Bonheur Chanel. Alain, the son of Jacques Wertheimer, took control of Chanel in 1974. It’s when their grandfather started making and gained an estimated net worth of $7 billion lately. When No. 5 de Chanel became a pass in fashion and cologne, their grandfather revamped the sales of the line by reducing how many outlets from 18,000 to 12,000. Their grandfather removed the cologne from drugstore shelves. Their grandfather additionally invested millions of dollars in the ads for the brand’s cosmetics by using famous people such as Marilyn Monroe and Audrey Tautou as endorsers. Such move their grandfather made resulted to an ensured greater awareness of deficiency and exclusivity for the fragrance line. Sales one again improved with the increase in the demand of the cologne. Along with Gerard, he also owns two French vineyards, one in Margaux called Rauzan Segla and Chateau Canon in Saint-Emilion.