Billionaire Profile
Alain Wertheimer
Global Rank
#46

Image: Public domain | via Wikimedia Commons

Alain Wertheimer

CEO, Chanel
FR
Real-Time Net Worth
$40.2B
As of December 2025
Age
77
Source
Chanel
Industry
fashion-retail
Citizenship
FR

Biography

Alain Wertheimer is a French billionaire businessman, best known for being the chairman and co-owner of Chanel, the renowned luxury fashion house. Born in 1948, he inherited the company with his brother Gérard from their grandfather, Pierre Wertheimer, who co-founded Chanel with Coco Chanel. Under Alain's leadership, Chanel has maintained its position as a global symbol of luxury, expanding its product lines and global reach. He is recognized for preserving the brand's legacy while adapting to modern trends, making him a prominent figure in the fashion industry, with a net worth of $40.2 billion.

Wealth Over Time

In-Depth Profile

Early Life

Alain Wertheimer was born on September 28, 1948, in Paris, France, into a Jewish family. He is the son of Jacques Wertheimer and Eliane Fischer. His grandfather, Pierre Wertheimer, partnered with Coco Chanel to establish the fashion house in 1924.

Rise to Success

Alain Wertheimer, along with his brother Gérard, inherited the family business in 1996 after their father's death. Alain serves as the chairman and has overseen the acquisition of several non-Chanel brands, including Eres Lingerie, Tanner Krolle, and Holland & Holland. He is known for his discreet management style, preserving Chanel's heritage and limiting mass production to maintain exclusivity.

Key Business Strategies

Under Alain's leadership, Chanel has experienced significant growth and success, expanding its global reach and product lines. A key move was hiring Karl Lagerfeld as creative director in 1983, revitalizing the brand and solidifying its status. Alain has focused on expanding Chanel's presence in Asia and strengthening its position in the luxury market.

Philanthropy

Alain Wertheimer has been involved in philanthropy, contributing to causes like medical research and cultural preservation. Specific amounts of his philanthropic donations are not readily available in the search results.

Career Milestones

1974

Chairman of Chanel

Alain Wertheimer became the chairman of Chanel, focusing on modernizing and expanding the brand globally.

1983

Hired Karl Lagerfeld

Hired Karl Lagerfeld as creative director, a move that revitalized the brand.

1996

Co-owner of Chanel

Alain and Gerard Wertheimer became co-owners of the House of Chanel.

Philanthropy & Social Impact

Philanthropy

Medical Research and Cultural Preservation

$XB

Alain Wertheimer has contributed to causes such as medical research and cultural preservation. Specific donation amounts are not available.

Business Philosophy & Leadership

Leadership Principles

Exclusivity and Brand Preservation

Maintaining Chanel's luxury status by limiting mass production and preserving the brand's heritage.

Strategic Acquisitions

Overseeing the acquisition of non-Chanel brands to expand the company's portfolio.