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Coco Chanel (born August 19, 1883) is famous for being fashion designer. They are the third generation to run the nearly 110-year-old company.

They live lavish lifestyles in private, surrounding themselves with those similarly closemouthed, and are known as fashion's quietest billionaires.

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Along with Paul Poiret, Chanel was credited in the post-World War I era with liberating women from the constraints of the “corseted silhouette” and popularizing a sportive, and casual chic as the feminine standard of style. Their wealth began with their grandfather's acquisition of Chanel, the French fashion house, which they both co-own today.

Etienne DE MALGLAIVE/Gamma-Rapho via Getty Images Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions. Hermès, which is now helmed by artistic director Pierre-Alexis Dumas and company chairman Axel Dumas, placed sixth in the global family rankings. He owns the company with this brother Gerard, who oversees the watch division. Google Maps

Lagerfeld’s billionaire patrons of 30 years, Chanel owners Alain and Gerard Wertheimer, ... Laurence Delamare, a spokesman for Chanel, declined to comment on the Wertheimers’ net worth. HYPEBEAST® is a registered trademark of Hypebeast Hong Kong Ltd.HYPEBEAST® is a registered trademark of Hypebeast Hong Kong Ltd.For instant updates and exclusive deals at our storeChanel & Hermès Owners Amongst World's Top 10 Richest Families

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It's not about the Wertheimers. Early life. This number is made up of the likes of the Al Saud monarchy of Saudi Arabia and the Kochs, the industrialists known for its oil firm who are now worth $125 billion USD.



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