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00:02The Wertheimer family, owners of Chanel, is on track to collect at least $21 billion in
00:08dividends over the past decade, according to Bloomberg. A UK filing shows their Cayman
00:14Islands-based holding company will receive $5.8 billion for 2025, more than half of which will
00:20be paid this year. That follows roughly $15.1 billion in payouts since 2017. Brothers Alain
00:27and Gerard Wertheimer, with a combined net worth of about $85 billion, inherited Chanel from
00:34their grandfather, one of the original business partners of creator Gabriel Coco Chanel. The
00:39company reported that 2025 revenue rose 1.8% on a comparable basis to $19.3 billion, outpacing
00:47LVMH while trailing Hermes. Chanel skipped its 2024 dividend amid heavy marketing and property
00:54spending. For all things money, visit Benzinga.com.
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00:58that started starting until $24.5 billion has lasted $ Treasury.
00:58You
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