The Chanel net worth shows that the fashion and cosmetics giant is as iconic as its little black dress.
You don’t have to be obsessed with style to know about Chanel.
Its brand reach is global.
The aesthetic? Enviable.
Furthermore, its founder continues to inspire.
Gabrielle “Coco” Chanel was the dynamic woman behind the evolution of the high fashion symbol.
She opened her first boutique in 1913.
From the get-go she struck a revolutionary figure in the fashion and social norms of women.
Many people associate the brand with a rich portfolio of clothing and cosmetics. However Coco Chanel first turned heads with her hat designs.
In fact, the elite of Paris such as famous actresses flocked to her creations. By doing so, they sealed her reputation as a trend setter and influencer.
Chanel net worth: We’re cuckoo for Coco
Coco Chanel didn’t stop there.
She also went on to release her signature perfume in 1921, Chanel No.5. It ranks as the best-selling fragrance ever.
Additionally, her nail polish brought all the girls to the yard. So much so that Chanel was the first company to have a waiting list for its nail lacquer.
That little black dress you love, or love seeing on your loved one?
Supposedly, Coco Chanel created that too in 1926 as a simple frock that featured in Vogue.
Even though the chic style legend passed about in 1971, the value of her pieces keep increasing.
In fact, the classic 2.55 double flap bag increases in price every year due to demand.
Thus, Coco Chanel lay down the towering foundations for a fashion empire that continues to impress and inspire today.
The Chanel net worth therefore stands at $7.3bn (£5.64bn).
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