Alain and Gerard Wertheimer
Ages: 62, 60. Net worth: $7.5 billion.
Born in France, Alain and Gerard Wertheimer inherited the luxury brand company Chanel, which was co-founded by their grandfather Pierre.Pierre Wertheimer (January 8, 1888 – April 24, 1965) was a French businessman.In October 1910, Pierre Wertheimer married Germaine Revel, a daughter of a stockbroker and a member of the Lazard family of investment bankers.In 1924, Pierre Wertheimer and his brother Paul became Coco Chanel's partners in the House of Chanel perfume business
Today Alain, the elder of his grandsons, is the chairman of the company and resides in New York. Gerard chairs Chanel’s watch division and lives in Switzerland.
Alain has presided over the acquisition of several non-Chanel brands, including Eres Lingerie and beachwear, Tanner Krolle saddles and leather goods, and Holland & Holland, a British gunsmith.Based in France, the Wertheimer brothers own French vineyards like Rauzan-Segla in Margaux, France and Chateau Canon in Saint-Emilion, both of which have won rave reviews from oenophiles. Both brothers are enthusiastic equestrians who also inherited and operate an important Thoroughbred horse racing stable they call La Presle Farm or Wertheimer farm for racing in the United States and is known as Wertheimer et Frère partnership in France.