Erwin Franz Mueller – Billionaire

Phnom Penh HR

7 years ago

Erwin Franz Mueller

Entrepreneur

$3.1 B

Erwin Franz Mueller owns an eponymous drugstore chain with over 757 stores across seven European countries. Akin to Walgreens except without pharmacies, Mueller stores sell health and beauty products, fragrances, stationery, toys, multimedia, household items, handicrafts and over-the-counter drugs. The business dates to 1953, when Mueller opened a hairdressing shop in his home in Ulm, Germany. Mueller Ltd. now has about 34,000 employees and annual revenue of around $4.6 billion. It has maintained steady top-line growth despite a series of executive departures in recent years, reportedly in part due to disagreements with Mueller and power play within the family business. German authorities had accused Mueller of evading taxes by hiding a portion of his assets in Swiss private bank J. Safra Sarasin but prosecutors stopped proceedings in 2016. He claimed the bank made questionable tax deals behind his back and has sued for some $55 million in damages. Mueller is believed to own about $1.1 billion of real estate assets, including a house and a golf course in Mallorca. He married his second wife, Anita, in 2006.

Erwin Franz Mueller net worth:

$2.1 Billion for 2019

Erwin Franz Mueller Net Worth: Erwin Franz Mueller is a German entrepreneur who has a net worth of $2.1 billion. He made his debut on the billionaires’ list this year as the lord of Germany’s third largest pharmacy chain, Mueller. It was back in 1953 that Mueller opened his first store Ulm, Germany. Ever since, the company has turned into a business with 689 stores in seven countries across Europe. Thus, it generates almost $4 billion (Eu 2.94 billion) in revenue. A workaholic who regularly goes to the office, Mueller prefers to live a quiet life and shuns all publicity. After one unsuccessful marriage, he married for a second time in 2006 and has only one child. With permanent residence in Germany, Erwin Franz Mueller also owns a house in Mallorca.

Source:

1. forbes

2. celebritynetworth