Time is Money: The 26 Richest Swiss Watch Barons

Swatch Group CEO Nick Hayek Jr.Each year the respected Swiss business magazine, Bilan, publishes a list of the 300 richest Swiss with a rough estimate of their fortunes. For this article we examined the list for you to see which members of the watch industry made the ranking. Here they are:

LANDOLT FAMILY
SF6 – 7 billion
Members of the Landolt family own the Sandoz Family Foundation and are heirs to the fortune of Sandoz, the pharmaceutical giant now known as Novartis. The foundation is the majority shareholder in Parmigiani Fleurier and the manufacturing group MHF (Manufactures Horlogères de la Fondation), which includes Manufacture Vaucher.

WERTHEIMER FAMILY
SF6 – 7 billion
Brothers Gérard and Alain Wertheimer own Chanel SA and also have an investment in Bell & Ross.

HAYEK FAMILY
SF4 – 5 billion
The Hayeks own the single largest block of Swatch Group shares. Nick Hayek Jr. is CEO of the group; sister Nayla is the chairwoman of the board of directors and CEO of Harry Winston; and Nayla’s son, Marc, is CEO of Blancpain, Breguet, and Jaquet Droz. (Click here for an interview with Nick Hayek, Jr., conducted by our Watch Insider, Alexander Linz.)

Nick Hayek Jr., Nayla Hayek, Marc Hayek

Nick Hayek Jr., Nayla Hayek, Marc Hayek

 

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About Jay Deshpande

Jay Deshpande is the associate editor of WatchTime, reporting on industry news, notable collectors and horological history for the print and tablet editions. He has previously written for Boston Review, Publishers Weekly, Harvard Book Review and All About Jazz, among others. Jay's recent articles include features on the Smithsonian's watch collection and Winston Churchill.

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