$3.8 B
The brands associated with Renate Reimann-Hass’s multi-billion-dollar fortune include Calvin Klein fragrances, Durex condoms, Jimmy Choo shoes, Peet’s Coffee, Krispy Kreme donuts and Noah’s bagels. He is a descendant of chemist Ludwig Reimann, who, in 1828, joined with Johann Adam Benckiser. Five years earlier, Benckiser had founded a namesake chemical company. Reimann married one of his daughters and wound up owning the business. Great-grandson Albert Reimann Jr. took the reins after his father died in 1952, and added consumer goods. Upon Albert’s death in 1984, Wolfgang and eight other heirs each inherited 11.1% of JAB Holding Company s.à.r.l (JAB). Five of them subsequently divested their stakes, leaving Wolfgang and three of his siblings sharing a 95% interest in the Luxembourg-based investment company. Its holdings include 80% of Coty Inc., a maker of beauty products and perfumes best known for celebrity and fashion collaborations, and 8.9% of Reckitt Benckiser, a multinational (health, hygiene and home products) formed via the 1999 merger of the Reimann family business with Britain’s Reckitt & Colman Ltd. More recently, JAB has acquired controlling stakes in such luxury brands as Jimmy Choo, Bally and Belstaff. Since 2012, it has entered into deals worth $25 billion in a bid to become the world’s leading pure-play coffee company. In December 2015, JAB reached a $13.9 billion agreement with Keurig Green Mountain to take over the publicly traded coffee business. This came only months after European anti-trust regulators blessed JAB’s Amsterdam-based D.E Master Blenders’ $5-billion combination with Mondelēz International’s coffee business to form Jacobs Douwe Egberts. Previous successful targets of JAB’s buying spree had included Peet’s Coffee & Tea, Caribou Coffee Co. and the Einstein Noah Restaurant Group. In May, 2016, JAB took donut chain Krispy Kreme private in a $1.35 billion deal. Neither Renate nor any of her siblings are active in the management of JAB or the operations of its portfolio companies.
Renate Reimann-Haas Net Worth: Renate Reimann-Haas is a German businessman who has a net worth of $3.5 billion. Just like the other members of the Reimann family, Renate’s wealth is in a tight relation with brands like Calvin Klein fragrances, Jimmy Choo shoes, Durex condoms and Peet’s coffee. The story of the family’s rise to riches dates back to 1928 when chemist Ludwig Reimann decided to join Johann Adam Benckiser in his chemical business. Approximately twenty years later, the business was run by Albert Reimann Jr. who successfully led the company until his death in 1984. Upon his death, it was Renate Reimann-Haas, along with eight other heirs, to inherit an 11.1% stake of Investmentholding Joh. A. Benckiser s.à.r.l (JAB). But after five of the heirs decided to divest their stakes, Renate Reimann-Haas and his three siblings acquired a 95% mutual stake in the Luxemburg-based investment holding company. However, neither of the heirs took part of the daily operations of the company. They only stand as shareholders.
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