$3.8 B
The brands associated with Stefan Reimann’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 Stefan nor any of his siblings are active in the management of JAB or the operations of its portfolio companies.
Stefan Reimann-Andersen Net Worth: Stefan Reimann-Andersen is a German businessman who has a net worth of $3.5 billion. A member of one of the wealthiest families in Germany – the Reimanns, Stefan Reimann-Andersen’s wealth is in a close relation to such brands as Calvin Klein fragrances, Jimmy Choo shoes and Durex condoms, among others. Actually, he came into riches thanks to being a descendant of chemist Ludwig Reimann, who joined Johann Adam Benckiser in his chemical business in 1928. Some twenty years later, it was Albert Reimann Jr. to take the helm of the company. While upon Albert’s death in 1984, Stefan and eight other heirs each inherited 11.1% of Investmentholding Joh. A. Benckiser s.à.r.l (JAB). But after five of the heirs decided to divest their stakes, Stefan and three of his siblings came to share a 95% stake in the Luxemburg-based investment holding company. The company, which went public in 2013, has never ceased to grow constantly acquiring stakes in luxury goods, as well as coffee and tea. However, Stefan Reimann-Andersen is not active in the daily operation of the company or of its portfolio companies. Instead, he and the his other siblings stand only as shareholders.
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