Owners of 'recession-proof' brands like Hermès, Tiffany and Chanel rake in BILLIONS

The super-rich owners of luxury brands Hermès, Tiffany and Chanel have raked in tens of billions more dollars this year as shoppers continue to snap up designer accessories. The super-rich owners of luxury brands Hermès, Tiffany and Chanel have raked in tens of billions more dollars this year - despite wider economic uncertainty The world's richest woman L'Oreal chairwoman Francoise Bettencourt Meyers, 69, pictured, saw her net worth swell by $21.8 billion since the start of the year LVMH owner Bernard Arnault - whose empire includes Christion Dior, Tiffany & Co., and Moet & Chandon Champagne - saw his wealth shoot up by $48.6 billion from the start of the year. Meanwhile the world's richest woman L'Oreal chairwoman Francoise Bettencourt Meyers, 69, saw her net worth swell by $21.8 billion since the start of the year. LVMH owner Bernard Arnault - whose empire includes Christion Dior, Tiffany & Co., and Moet & Chandon Champagne - saw his wealth shoot up by $48.6 billion from the start of the year Chanel owners Alain and Gerard Wertheimer saw their wealth climb by $14 billion collectively while Francois Pinault, who owns Kering, has seen his wealth climb by 24 percent to $44.3 billion since the start of the year Kering owns a handful of luxury fashion houses including Gucci, Balenciaga and YSL clothing. Hermès raised its prices by around 7 percent at the start of the year - way above its usual 2-3 percent annual increase 'The luxury market has many resilience drivers which include a diffused YOLO culture, a desire for living missed experiences and a change in consumer attitudes,' D'Arpizio said.