Hermes

Hermes remains the most profitable luxury company in the world, with operating margins exceeding 40% and annual revenue of $14.2 billion in 2023. The Paris-based house, founded in 1837, is famous for its Birkin and Kelly bags — some models appreciate faster than gold or the S&P 500. Hermes' strict production limits and family control (Hermes family retains 66% ownership) ensure unparalleled exclusivity and pricing power.