ACTUAL TIME TOTAL ASSETS– since 4/21/17
$ 4.6 B.
Along with his sibling Michael, Wolfgang Herz acquires his lot of money from 2 of Germany’s a lot of acknowledged business: Tchibo– which imports and also markets coffee, while additionally retailing a variety of various other and also — and also skin-care business Beiersdorf AG, whose brands consist of Nivea. (Older bro Guenter and also sis Daniela Herz-Schnoeckel were bought out in 2003. A 4th sibling, Joachim, passed away in a motorboat mishap in 2008. Their mom, Ingeburg, passed away in 2015 at age 95.) Wolfgang’s papa, Max, together with Carl Tchiling-Hiryan, established Tchibo in 1949. Family members holding firm maxingvest ag possesses 100% of Tchibo and also regarding 46% of Beiersdorf (with yearly earnings complete around $3.5 billion as well as $7 billion, respectively). While Beiersdorf has actually continued a constant development course, Tchibo is from a hard spell monetarily partially by boosting stress, on one side, from coffee opponents like Starbucks, Nestle as well as Jacobs Douwe Egberts as well as, on the various other, from discounters like City and also Aldi.
Source:
- Forbes
- successstory