Chanel’s Gerard Wertheimer Became Switzerland’s Richest Resident

A record year for fashion, perfume and jewelry sales boosted Wertheimer’s wealth above that of the Ikea-founding Kamprad family for the first time, Forbes said in its annual publication of the 300 richest people in Switzerland.

Forbes estimated Wertheimer’s net worth at $44.8 billion as of June 27, 2023. The closely held luxury goods group, which was founded by fashion designer Coco Chanel in 1910, had revenue of $17.2 billion in 2022. ‘Other’ assets include three vineyards and racehorses in France.

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Kara Nesvig

Kara is a freelance writer based in St. Paul, Minnesota. Her writing has appeared in publications like Teen Vogue, People, Apartment Therapy, and Brides.

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