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Erivan Haub – Billionaire

Erivan K. Haub (born 29 September 1932) is the former manager and partial owner of Tengelmann Group, one of Germany’s largest retailers.

Early life

Erivan Haub was born 29 September 1932 in Wiesbaden. He is the son of Erich Haub and Elizabeth Haub (nee Schmitz-Scholl) (1899–1977), who originates from the Mülheim family Schmitz-Scholl, the owners of the grocery chain Tengelmann.

Career

After the Second World War, he completed two internships with the Jewel Tea company in Chicago and the Alpha-Beta company in La Habra, California, before returning to Germany to study economics at the University of Hamburg.

He joined the family business in 1963. Upon the death of his uncle Karl Schmitz-Scholl in March, 1969 he became the group’s managing director. Haub concentrated the Tengelmann group business on the retail trade. Under his guidance Tengelmann expanded: in 1971 it took over the grocery chain Kaiser’s; in 1972 Haub founded the discount grocery retailer Plus. In the following years, Tengelmann focused on the development of its international business, which led to the 1979 takeover of The Great Atlantic & Pacific Tea Company. In 2000, he handed the position over to his son Karl-Erivan, and joined the supervisory board.

Family

Erivan Haub married Helga Otto in 1958. They live in Wiesbaden and have three sons:

  • Karl-Erivan Haub (born 1960)
  • Georg Haub
  • Christian W.E. Haub (born 1964)

Honors

The Haub School of Business at Saint Joseph’s University is named in his honor. The Helga Otto Haub School of Environment and Natural Resources at the University of Wyoming is named for Erivan Haub’s wife, Helga.

Erivan Haub Net Worth: Erivan Haub is a German entrepreneur who has a net worth of $5.7 billion, a fortune that he shares with his family. The Haub clan still owns the Tengelmann Group, one of the largest retailers and leading investors in start-ups in Germany today. Mr. Haub derives the bulk of his wealth from the group and he is still best known as former manager and partial owner of Tengelmann. The family set up the business more than 140 years ago, and today is run by Erivan’s sons. Born 29 September 1932 in Wiesbaden, Haub took a degree in Economics from the University of Hamburg, as well as he completed two internships in the USA prior to his graduation. Haub joined the family business in 1963 and six years later, upon the death of his uncle Karl Schmitz-Scholl, he became the group’s managing director. It was in 2000 that he handed over the CEO position to his son Karl-Erivan, after which he entered the supervisory board. Haub’s other son, Christian W. E. Haub, is also involved in the family business, serving as co-CEO of Tengelmann as well as chairman of Greenwich, Connecticut-based investment firm Emil Capital Partners. However, Erivan Haub earns the credits for the company’s significant expansion. Under his helm, the company took over the Kaiser’s grocery store in 1971 and in 1972, the group founded Plus, a discount grocery. In the late 1970s, Haub also concentrated on international growth which led to the taking over of The Great Atlantic & Pacific Tea Company in 1979. In 1988 the Erivan K. Haub School of Business at Saint Joseph’s University was renamed in his honor.

Source:

  1. wikipedia
  2. celebritynetworth

 

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