Chanel heir Gerard Wertheimer became the richest Swiss resident after the post-pandemic boom in luxury goods boosted his wealth to as much as 42 billion Swiss francs ($47.6 billion) last year, according to Bilanz magazine.
Wertheimer, who controls the Parisian fashion house that makes Chanel No. 5 perfume, is a resident of Geneva. A record year for fashion, perfume and jewelry sales boosted his wealth above that of the Ikea-founding Kamprad family for the first time, Bilanz said in its annual publication of the 300 richest people in Switzerland.
Bloomberg estimated Wertheimer’s net worth at $44.8 billion as of June 27. The closely held luxury-goods group, founded by fashion designer Coco Chanel in 1910, reported revenue of $17.2 billion in 2022. Other assets include three vineyards and racehorses in France.