When it comes to luxury fashion, few brands can match the prestige and exclusivity of Hermes. Known for their iconic Birkin bags and silk scarves, the French fashion house has been a symbol of luxury for decades.
But have you ever wondered how much the Hermes family is worth? Let’s take a closer look.
The History of Hermes
Hermes was founded in 1837 by Thierry Hermes, a harness and saddle maker who started his business in Paris. Over the years, the brand expanded into other leather goods and eventually into fashion accessories and clothing. Today, Hermes is one of the most recognizable luxury brands in the world.
The Hermes Family
The current owners of Hermes are descendants of Thierry Hermes. The family owns more than 70% of the company’s shares and controls its management. The family is notoriously private, rarely giving interviews or speaking publicly about their wealth.
The Richest Members of the Family
While it’s difficult to know exactly how much each member of the Hermes family is worth, there are a few who are known to be particularly wealthy.
- Bernard Arnault: Arnault is not a member of the Hermes family, but he is a prominent shareholder in the company through his ownership of LVMH Moet Hennessy Louis Vuitton SE, which owns 23.1% of Hermes shares. Arnault is one of the richest people in the world, with an estimated net worth of $190 billion.
- Axel Dumas: Dumas is a sixth-generation member of the Hermes family and currently serves as CEO of the company.
While his net worth is not known, he reportedly earned over $5 million in salary and bonuses in 2019.
- Pierre-Alexis Dumas: Pierre-Alexis is another sixth-generation member of the Hermes family and serves as artistic director of the company. His net worth is not publicly known, but he is considered to be one of the most influential figures in the fashion industry.
The Net Worth of Hermes
While it’s difficult to know exactly how much the Hermes family is worth, we can get a sense of the company’s overall value. As of 2021, Hermes has a market capitalization of over $130 billion. The brand is consistently ranked as one of the most valuable luxury brands in the world.
The Birkin Bag Phenomenon
One reason for Hermes’ success is its iconic Birkin bag. Named after actress Jane Birkin, who helped design it, the bag has become a symbol of luxury and exclusivity. Birkin bags can cost tens or even hundreds of thousands of dollars and are often difficult to obtain due to high demand and limited production.
Conclusion
While we may never know exactly how much each member of the Hermes family is worth, there’s no denying that they are one of the wealthiest and most influential families in fashion. With a market capitalization north of $130 billion and iconic products like the Birkin bag, it’s clear that Hermes will continue to be a symbol of luxury for years to come.