Gerard Wertheimer
Source of wealth: Chanel
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Biography
Gerard Wertheimer and his brother Alain own French luxury brand Chanel.
Gerard heads the company's watch division and lives in Switzerland.
His grandfather, Pierre, partnered with Gabrielle (Coco) Chanel, the company's namesake, in the 1920s.
Karl Lagerfeld, the public face of Chanel, died in 2019 at the age of 85. He had been the company's creative director for over 35 years.
Perspective on their fortune
Gold
Everyday luxury
A Gerard Wertheimer's fortune is equivalent to 266 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Gerard Wertheimer could buy 70,875,182 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 13 trucks to transport them, But we can be almost certain that Gerard Wertheimer will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Gerard Wertheimer's fortune with the healthcare spending of a huge country
Gerard Wertheimer could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 17.7 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Gerard Wertheimer could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 7.8 years
Education
Buying the future
Lowest education spending
Gerard Wertheimer could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 11.6 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Gerard Wertheimer could pay for it in full for 15.8 years.
Research
The monopoly of progress
Lowest research spending
Gerard Wertheimer could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 66.4 years.
Highest research spending
But even if we compare the total wealth of Gerard Wertheimer with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.5 years.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison