The $30 billion windfall for the secretive brothers behind Chanel
The Wertheimer brothers, Alain and Gérard, are set to receive a significant financial windfall from their luxury brand Chanel. Their Cayman Islands-based holding company is expected to receive $5.8 billion in dividends for 2025, adding to the $15.1 billion received since 2017. With a combined net worth of approximately $85 billion, they rank among the world's wealthiest families.
- ▪The Wertheimer family is poised to receive at least $21 billion from Chanel payouts over the past decade.
- ▪Chanel's revenue for 2025 rose to $19.3 billion, showing resilience compared to competitors like LVMH.
- ▪Alain and Gérard Wertheimer inherited Chanel from their grandfather, a partner of Coco Chanel.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.