The Age
·general
·1 hour ago
The $30 billion windfall for the secretive brothers behind Chanel
The Wertheimer brothers behind Chanel are set to receive $5.8 billion in dividends for 2025, bringing their decade-long payouts to at least $29.4 billion. Alain and Gérard Wertheimer, with combined net worth around $85 billion, have seen Chanel outpace LVMH's growth recently. The secretive family inherited the luxury brand from their grandfather, who partnered with founder Coco Chanel.
Summary by Glance · The Age
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