Gérard Wertheimer Explained

Gérard Wertheimer
Birth Date:17 April 1951
Birth Place:Paris, France
Spouse:Valérie Picavet
Children:2
Education:University of Paris

Gérard Paul Philippe Wertheimer (born 17 April 1951) is a French billionaire businessman based in New York City and Geneva, who owns Chanel in partnership with his brother, Alain.[1] As of October 2022, Wertheimer's net worth was estimated at US$40 billion by Bloomberg Billionaires Index, making him the 27th richest person in the world.[2]

Biography

Wertheimer was born to a Jewish family, the son of Jacques Wertheimer and Eliane Fischer. His grandfather, Pierre, co-founded Chanel with Coco Chanel. 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 British gunsmith. Based in France, the Wertheimer brothers own French vineyards including Château Rauzan-Ségla in Margaux and Château 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 and/or Wertheimer farm for racing in the United States and in France as Wertheimer et Frère partnership.[3]

Personal life

Wertheimer is married to Valérie (née Picavet),[4] a former nurse;[5] they have two children, Olivia Wertheimer and David Wertheimer[6] (m. 2016 to Togzhan Isbazarova).[7] He and his wife live in New York City and Switzerland. An avid golf player, he has however been caught cheating a few times on the course. [8] His wife is active in child protection charities.[4]

Gérard and his brother own vineyards in France and Napa Valley, California.[9]

The fortune of Gérard and Alain is managed by their family office, Mousse Partners.[10]

See also

External links

Notes and References

  1. News: From Nazis to Churchill: The Stink Behind Chanel No. 5. Haaretz. Dec 14, 2017. Nirit. Anderman. 2020-10-09.
  2. Bloomberg Billionaires Index: Gérard Wertheimer . . 2022-10-05.
  3. Didier Grumbach Histoires de la mode 2008 - Page 368 "Certaines autres sont de nature plus personnelle. Alain et Gérard Wertheimer ont hérité de leur grand-père, Pierre, grand amateur du Douanier Rousseau, sa passion pour l'art contemporain. Les chevaux de course étaient le péché mignon ... "
  4. [Paris Match]
  5. News: Dana. Thomas . The Power Behind The Cologne . The New York Times Magazine . February 24, 2002 .
  6. News: How Chanel became British (Part 3 of 3): Chanel, British luxury's star player? . glitz.paris. September 15, 2022 .
  7. News: Heir To Fashion House Of Chanel Married A Girl From Kazakhstan . Gazette Du Bon Ton. March 22, 2016 .
  8. Gerard Wertheimer . . 2020-10-09.
  9. Web site: Gerard Wertheimer. 2020-10-26. Forbes. en.
  10. News: 2021-04-29 . How the Secretive Family Behind Chanel Is Reshaping a Big Investment Bet . en . Bloomberg.com . 2023-09-03.