THE SUCCESS INDEX by REVOLUTION WATCH | PART 2

As we introduced to you at the beginning of the month, thanks to an article from Revolution Watch and information from a Morgan Stanley x LuxeConsult study, we were able to present to you 10 of the top 20 individuals currently leading in the luxury watchmaking space.

In this second part, we want to present to you the final part of this list, which includes the ranks from 9th to 1st.

Notable Figures in Watchmaking

#9. THE SCHEUFELE FAMILY (CHOPARD)

• Net Worth: CHF 2 to 3 billion
• Market Share: 1%

Karl-Friedrich Scheufele and his family, owning Chopard since 1963, have significantly influenced the luxury watch and jewelry industry. Despite a primary focus on jewelry, Chopard’s distinctive appeal lies in its iconic Happy Diamonds line and a substantial impact in the watch sector.

#8. THE HAYEK FAMILY (THE SWATCH GROUP LIMITED)

• Net Worth: CHF 3.5 billion
• Market Share: 19.8%

Under Nick Hayek Jr.'s leadership, The Swatch Group has been pivotal in saving the Swiss watch industry during the Quartz Crisis. Owning multiple renowned brands, the group's strategic brand positioning and production integration have cemented its dominant market status.

#7. JOHANN RUPERT (COMPAGNIE FINANCIÈRE RICHEMONT S.A.)

• Net Worth: CHF 11.5 billion
• Market Share: 19.5%

Johann Rupert, steering Richemont, has elevated it with brands like Cartier, affirming its position in luxury watchmaking. Richemont's portfolio includes a range of premium brands, showcasing its expertise in the high-end market segment.

#6. THE STERN FAMILY (PATEK PHILIPPE)

• Net Worth: CHF 12 billion
• Market Share: 5.1%

Led by the Stern family, Patek Philippe, the world leader in the field, symbolises the pinnacle of brand equity in watchmaking, known for its unparalleled sophistication and history of complication watches, while maintaining its family-owned essence.

#5. THE AUDEMARS AND BOTTINELLI FAMILIES (AUDEMARS PIGUET)

• Net Worth: CHF 15 billion
• Market Share: 4.7%

Guided by the vision of the Audemars and Bottinelli families, Audemars Piguet is renowned for its innovative (sometimes controversial) partnership and design strategies as well as iconic Royal Oak series, marking its historical success in the luxury watch market.

#4. THE HANS WILSDORF FOUNDATION (ROLEX, TUDOR, BUCHERER GROUP)

• Net Worth: CHF 70 to 80 billion
• Market Share: 31%

The Foundation, managing Rolex and Tudor, has made a significant impact in the watch industry. Rolex’s iconic status and strategic brand management, paired with Tudor's evolving presence, exemplify their market dominance.

#3. THE WERTHEIMER FAMILY (CHANEL)

• Net Worth: CHF 90 billion
• Market Share: 1%

The Wertheimers have diversified Chanel into the watch sector, notably with the J12 watch that many love and some others do not fancy that much. Their strategic investments in movement manufacture have solidified Chanel's place in the luxury watch market.

#2. THE HERMÈS FAMILY (GROUP H51)

• Net Worth: CHF 125 billion
• Market Share: 2%

The Hermès family has successfully transitioned the brand into the watchmaking realm, balancing luxury heritage with modern watchmaking, and are rapidly growing in this competitive market segment.

#1. THE ARNAULT FAMILY (LVMH MOËT HENNESSY LOUIS VUITTON)

• Net Worth: CHF 150 billion
• Market Share: 6.3%

Under Bernard Arnault's guidance, LVMH's watch division, with brands like TAG Heuer and Hublot, showcases strategic growth and innovative brand management, driving significant success in the luxury watch industry. Recent reshuffles in their management layer gave all of us a hint on how much trust is placed in Jean Arnault leading the watch division.