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5. The Wertheimer family - $41 billion

Though the brand is associated with fashion designer Coco Chanel, French brothers Gerard and Alain Wertheimer are the heirs and executives of the Chanel brand. The Wertheimer brothers are the grandsons of Pierre Wertheimer, House of Chanel founder. The brand's iconic style includes garments, perfumes, and accessories. Through the Wertheimer family, Chanel has shed the legacy of its troubled past and transformed into a billion-dollar brand.

VARIOUS CITIES, FRANCE - MAY 14: General view of the open Chanel store, 31 Cambon street in the 1st quarter of Paris, on May 14, 2020 in Paris, France. The Coronavirus (COVID-19) pandemic has spread to many countries across the world, claiming over 280,000 lives and infecting over 4 million people. Edward Berthelot / Getty Images

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