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Search resuls for: "Gerard Wertheimer"


4 mentions found


☆ 5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco
  + stars: | 2024-09-30 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +4 min
Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. AdvertisementFive titans of French fashion and beauty added a full $50 billion to their fortunes last week, boosting their combined wealth to more than $420 billion. Julien Hekimian/Getty ImagesKering founder François Pinault's net worth rose by $2.3 billion to $25.6 billion last week, placing him 78th on the list. Arnault was worth $24 billion more at $231 billion in March, which made him the world's wealthiest person at the time. Bettencourt Meyers was $7.5 billion richer at $101 billion in June, while the Chanel siblings were each worth about $6.4 billion more at roughly $55 billion around the same time.
Persons: LVMH's Arnault, Chanel, —, stoked, Bernard Arnault, Louis Vuitton, Larry Ellison, Mark Zuckerberg, Françoise Bettencourt Meyers, L'Oréal's, Alice Walton, Francois Guillot, Alain, Gerard Wertheimer, Coco Chanel, Chanel's cofounders, Julien Hekimian, François, Balenciaga, Yves Saint Laurent, Kering, Francois, Henri Pinault, Salma Hayek, MICHAEL TRAN, Rodolphe Saadé, Arnault, haven't, Pinault, Bettencourt Meyers Organizations: Service, Tiffany, Bloomberg, Walmart, Getty, Gucci, CMA CGM, Procter & Gamble, Home, Costco Locations: China, Sephora, AFP
☆ Luxury Tycoons Leave Big Shoes to Fill
  + stars: | 2023-01-19 | by ( Carol Ryan | ) www.wsj.com   time to read: 1 min
Bill Gates and Jeff Bezos handed the running of their companies to skilled industry executives. The billionaire founders of the world’s top luxury groups are more clannish, so investors need to watch the family. The bosses of several big luxury businesses are now in their eighth decade, including the world’s richest man, LVMH Moët Hennessy Louis Vuitton founder Bernard Arnault , Cartier owner Johann Rupert and the husband-and-wife team at the top of Prada , Miuccia Prada and Patrizio Bertelli . The brothers behind privately held Chanel, Alain and Gerard Wertheimer , are also in their 70s.
☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
  + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +24 min
Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.
☆ Meet the Wertheimers, the secretive French brothers worth $30.8 billion who control Chanel, own vineyards in France and Napa Valley, and breed racehorses
  + stars: | 2019-07-01 | by ( Meira Gebel | Libertina Brandt | ) www.businessinsider.com   time to read: +1 min
His grandsons, brothers Alain and Gerard Wertheimer, control Chanel today, which generated $9.6 billion in 2018. The brothers have a combined net worth of $30.8 billion. Their wealth, while largely inherited, has been grown through business deals and acquisitions spanning retail, wine, and horse racing. The brothers are largely tight-lipped, hardly ever speaking to the press or giving interviews about their wealth, companies, family, relationships, or hobbies. With a combined net worth over $30 billion, the Wertheimer brothers are among the richest people in the world.
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