Michael Pieper – Billionaire

Michael Pieper’s $1.9 billion (sales) Artemis Group controls the Aarburg, Switzerland-based Franke Group, well-known maker of kitchen sinks and hoods, cooking appliances and other industrial-grade kitchen equipment. Pieper is the CEO and sole shareholder of the group, which was founded in Rorschach, Switzerland in 1911 and acquired by Michael’s father, Will, in 1975. Michael took over in 1989, expanding the company into eastern Europe, Asia, Africa and the Americas. Artemis also owns a majority stake in a precision cutting technology company called Feintool Group, real estate in Switzerland and teak plantations in Costa Rica and Nicaragua. Pieper serves on the boards of several companies, including Forbo, Autoneum, Adval Tech, Reiter and Berenberg Bank.

Michael Pieper is the president and owner of the Artemis Group and he has an estimated net worth of $3.6 billion as of May 2015 according to Forbes. He is new to the Forbes Billionaires list and he is the ninth richest person in Switzerland as well as the 736th in the list of World Billionaires. The Artemis Group controls the Franke Group which is based in Aarburg, Switzerland and founded in 1911. It was acquired in 1975 by his father, Will Pieper. The company makes sinks, cooker hoods and cooking appliances. He took control of the manufacturing company in 1988 which he expanded into Eastern Europe, Asia, South and North America, and Africa.

Source:

1. forbes

2. therichest