Chanel is one of the world's best-known luxury labels, but the family that owns the $20 billion brand remains shrouded in ...

Alain and Gerard Wertheimer, whose grandfather cofounded Chanel with Coco Chanel, gained nearly $5 billion apiece last week. The brothers' estimated fortunes of $48.1 billion each put them 29th ...

Last year, Mousse, the firm headed by Alain and Gerard Wertheimer’s half-brother Charles Heilbronn was among a trio of France’s wealthiest dynasties to help take private Rothschild & Co ...

C hanel, the epitome of French luxury, has lost its matriarch. Eliane Heilbronn, the mother of Chanel co-owners Alain and Gérard Wertheimer, passed away at the age of 99.

Alain and Gerard Wertheimer both own assets worth $43.3 billion each, making them the joint 29th richest individuals in the world, according to Bloomberg Billionaires Index.