The two reclusive brothers who own Chanel saw their net worth increase by $5 billion as the surging demand for luxury products during the pandemic boosted profits at the French fashion house.
The Wertheimer family’s Cayman Islands holding company for Chanel received two $2.5 billion dividends in 2021, according to U.K. filings—the largest annual payout the company ever recorded, Bloomberg reported.
— Read more in Meet the brothers who just pocketed $5 billion from surging demand for Chanel at Fortune (via Yahoo Finance).
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