BillionaireNet
Wertheimer
Gerard Wertheimer
Rank #40
FRANCEfashion-retailChanel

Gerard Wertheimer

Net Worth
$42.004B
0% (24h)
Gerard Wertheimer, born on April 17, 1951, is a French billionaire businessman and co-owner of Chanel, the renowned luxury fashion house. With an estimated net worth of $40.2 billion as of December 2024, he ranks among the wealthiest individuals globally. He inherited Chanel with his brother Alain from their grandfather, Pierre Wertheimer, who partnered with Coco Chanel in the 1920s. Gerard is responsible for the company's watch division and oversees operations from Switzerland. His career has been marked by strategic leadership, contributing to Chanel's expansion into new markets and innovation in luxury goods. Beyond Chanel, he owns vineyards in France and Napa Valley and is involved in thoroughbred horse racing.

The Full Dossier

Early Life

Gérard Paul Philippe Wertheimer was born on April 17, 1951, in Paris, France, into a Jewish family. His father, Jacques Wertheimer, was a successful businessman, and his mother, Eliane Fischer. His grandfather, Pierre Wertheimer, co-founded Chanel with Coco Chanel in 1924.

Rise to Success

Gérard Wertheimer, along with his brother Alain, inherited Chanel from their father, Jacques Wertheimer, in 1996. While Alain serves as the chairman, Gérard oversees the watch division, and lives in Switzerland. Together, the brothers have expanded Chanel's global presence, diversified investments, and emphasized sustainability and philanthropy.

Key Business Strategies

Gérard's leadership has been instrumental in strengthening Chanel's position in the watch and jewelry market, with the J12 watch being a key milestone in 1999. He has focused on maintaining Chanel's exclusivity while adapting to contemporary trends. He has also overseen the expansion of Chanel's product lines, including successful ventures into fragrance, cosmetics, and accessories. His business acumen has helped Chanel generate over $15 billion in annual revenue in 2025.

Philanthropy

Gérard Wertheimer's wife, Valérie, is actively involved in child protection charities. The Wertheimer family fortune is managed by their family office, Mousse Partners.

Career Timeline

1999

J12 Watch Launch

Spearheaded the launch of the J12 watch, strengthening Chanel's position in the watch market.

1996

Inherited Chanel

Inherited the ownership of Chanel with his brother Alain after their father's passing.

Philanthropic Impact

Child ProtectionUndisclosed

Child Protection Charities

His wife, Valérie, is actively involved in child protection charities.

Wealth Trajectory