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Alain Ernest Wertheimer (born 28 September 1948) is a French billionaire businessman, based in New York City. He is the chairman and a controlling shareholder in Chanel , with his brother Gérard who chairs its watch division.
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.
Pierre Wertheimer was also a leading racehorse owner. In 1949 he hired the then 24-year-old Alec Head to train his horses. The Wertheimer/Head association in racing still continues through family members (Freddy Head was trainer of Goldikova, a 3-time Breeders' Cup Mile winner). Wertheimer's horses won numerous important races in France and the ...
The Wertheimer family. The brothers are the grandsons of Pierre Wertheimer, who became a business partner of the fashion giant’s namesake founder, Coco Chanel, in the 1920s when he and his ...
The brothers operate as La Presle Farm and/or Wertheimer Farm in the United States and in France as Wertheimer et Frère where they have won numerous important Conditions races. Alec Head trained for the family in Europe until his retirement in 1984 but for a number of years continued to act as their bloodstock advisor.
Mousse Partners was founded in 1991 by Charles Heilbronn, a Chanel executive and half-brother to its owners, Alain and Gérard Wertheimer. The purpose of the firm was to structure and manage the fortunes of Chanel and its owners.
The Minister of Defence granted a contract to SECM (French: Société d’emboutissage et de constructions mécaniques), owned by the Wertheimer brothers, Paul and Pierre, together with Félix Amiot. SECM and Amiot functioned as sub-contractors and assemblers only, and did not produce their own designs.
The Wertheimer brothers and Amiot, as well as the shareholders, won impressive dividends. But in 1934 the company faced a financial crisis. To avoid bankruptcy, the French State authorized Amiot and Marcel Bloch to buy back the bankrupt company. Amiot and the Wertheimer brothers acquired it for a small amount of money.