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List Of Germans By Net Worth
The following Forbes list of German billionaires is based on an annual assessment of wealth and assets compiled and published by ''Forbes'' magazine in 2021. 2021 German billionaires list top 30 2019 German billionaires list top 30 2015 German billionaires list top 40 See also * Forbes list of billionaires * List of countries by the number of billionaires References {{DEFAULTSORT:Germans by net worth Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ... Economy of Germany-related lists ...
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Billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American business magazine ''Forbes'' produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916. As of 2018, there are over 2,200 U.S. dollar billionaires worldwide, with a combined wealth of over US$ 9.1 trillion, up from in 2017. According to a 2017 Oxfam report, the top eight richest billionaires own as much combined wealth as "half the human race". As of 2021, eight people have reached the status of USD hectobillionaires, meaning that each has had a net worth of at least $100 billion. Current U.S. dollar billionaires According to the ''UBS/PwC Billionaires Report ...
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Trader Joe's
Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. The chain has over 569 stores across the United States. The first Trader Joe's store was opened in 1967 by founder Joe Coulombe in Pasadena, California. The chain was owned by German entrepreneur Theo Albrecht from 1979 until his death in 2010, when ownership passed to his heirs. The company has offices in Monrovia and Boston, Massachusetts. History Trader Joe's is named after its founder, Joe Coulombe. The company began in 1958 as a Greater Los Angeles area chain known as Pronto Market convenience stores. Coulombe felt the original Pronto Markets were too similar to 7-Eleven, which he described as the "800-pound gorilla of convenience stores", concerned the competition would be too much. Coulombe developed the idea of the Trader Joe's South Seas motif while on vacation in the Caribbean. The Tiki culture craze was still widespread in the United States in the 1960s, so in a direct ...
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Friedhelm Loh
Friedhelm Loh (born 16 August 1946) is a German billionaire businessman. He is the founder and chairman of the Friedhelm Loh Group, a manufacturing company that grew out of a business he inherited from his father. Early life Friedhelm Loh is the son of Rudolf Loh, who founded a company in 1961 after inventing the "first mass-produced enclosures for electrical control systems". Career Loh is the chairman of the Friedhelm Loh Group. As of July 2021, ''Forbes'' estimated Loh's net worth at US$9.7 billion. Personal life He is married with three children and lives in Haiger Haiger is a country town in the Lahn-Dill-Kreis in Hesse, Germany. The nearest city is Siegen, about 25 km north of Haiger. Geography Location Haiger lies about 5 km west of Dillenburg, and 20 km southeast of Siegen on the eastern ..., Germany. References {{DEFAULTSORT:Loh, Friedhelm 1946 births Living people People from Lahn-Dill-Kreis German billionaires Businesspeople from Hesse ...
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SAP AG
Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant. Sap is distinct from latex, resin, or cell sap; it is a separate substance, separately produced, and with different components and functions. Insect honeydew is called sap, particularly when it falls from trees, but is only the remains of eaten sap and other plant parts. Types of sap Saps may be broadly divided into two types: xylem sap and phloem sap. Xylem sap Xylem sap (pronounced ) consists primarily of a watery solution of hormones, mineral elements and other nutrients. Transport of sap in xylem is characterized by movement from the roots toward the leaves. Over the past century, there has been some controversy regarding the mechanism of xylem sap transport; today, most plant scientists agree that the cohesion-tension theory best explains this process, but multiforce theories that hy ...
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Dietmar Hopp
Dietmar Hopp (; born 26 April 1940) is a German software engineer and billionaire businessman. He was one of the founders of SAP SE in 1972 with other former IBM employees Hans Werner Hector, Klaus Tschira, Claus Wellenreuther and Hasso Plattner and owner of Bundesliga football club TSG 1899 Hoffenheim. In September 2021, ''Forbes'' estimated his net worth at US$8.3 billion. Early life and business career Hopp grew up in Hoffenheim, a small village in Baden Württemberg, Southern Germany. His father, Emil Hopp, was a Truppführer of the Nazi Party paramilitary organization Sturmabteilung, and led as a commanding officer destruction of a synagogue in Hoffenheim during the Kristallnacht pogrom in November 1938. After graduating from high school with an Abitur, he studied telecommunications engineering in Karlsruhe until 1966. After graduating from university, he worked as a software developer and consultant at IBM. In 1972, he founded SAP SE with four other former IBM collea ...
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Andreas Strüngmann
Andreas Strüngmann (born 1950) is a German physician and businessman who founded generic drug maker Hexal AG ($1.6 billion sales during 2004) in 1986. It became Germany's second-largest generic drug producer. Career In 2004, Strüngmann and his twin brother Thomas – through their Santo Holding – acquired a share of 89.6 percent in Südwestbank from DZ Bank. In 2017, they sold the bank for an undisclosed price to BAWAG. In February 2005, the Strüngmann brothers sold Hexal and their 67.7 percent of U.S. Eon Labs to Novartis for $7.5 billion, making its subsidiary Sandoz the largest generic-drug company in the world. At age 56, he subsequently accepted an executive position at Sandoz, working as head of regional operations in Europe, Africa and Asia-Pacific. In 2008, the Strüngmann brothers – through their asset management firm Athos – agreed to underwrite 25 percent of a capital increase at Conergy. Also in 2008, the Strüngmann brothers supported BioNTech with ...
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BioNTech
BioNTech SE ( ; or short for Biopharmaceutical New Technologies) is a German biotechnology company based in Mainz that develops and manufactures active immunotherapies for patient-specific approaches to the treatment of diseases. It develops pharmaceutical candidates based on messenger ribonucleic acid (mRNA) for use as individualized cancer immunotherapies, as vaccines against infectious diseases and as protein replacement therapies for rare diseases, and also engineered cell therapy, novel antibodies and small molecule immunomodulators as treatment options for cancer. The company has developed an mRNA-based human therapeutic for intravenous administration to bring individualized mRNA-based cancer immunotherapy to clinical trials and to establish its own manufacturing process. In 2020, BioNTech, partnering with Pfizer for testing and logistics, developed the RNA vaccine BNT162b2 for preventing COVID-19 infections, which at the time offered a 91% efficacy in preventing ...
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Novartis
Novartis AG is a Swiss-American multinational pharmaceutical corporation based in Basel, Switzerland and Cambridge, Massachusetts, United States (global research).name="novartis.com">https://www.novartis.com/research-development/research-locations It is one of the largest pharmaceutical companies in the world. Novartis manufactures the drugs clozapine (Clozaril), diclofenac (Voltaren; sold to GlaxoSmithKline in 2015 deal), carbamazepine (Tegretol), valsartan (Diovan), imatinib mesylate (Gleevec/Glivec), cyclosporine (Neoral/Sandimmune), letrozole (Femara), methylphenidate (Ritalin; production ceased 2020), terbinafine (Lamisil), deferasirox (Exjade), and others. In March 1996, the companies Ciba-Geigy and Sandoz merged to form Novartis; the pharmaceutical and agrochemical divisions of both companies formed Novartis as an independent entity. Other Ciba-Geigy and Sandoz businesses were sold, or, like Ciba Specialty Chemicals, spun off as independent companies. The Sandoz brand ...
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Thomas Strüngmann
Thomas Strüngmann (born 1950) is a German businessman who founded generic drug maker Hexal AG ($1.6 billion sales during 2004) in 1986. Career In 2004, Strüngmann and his twin brother Andreas – through their Santo Holding – acquired a share of 89.6 percent in Südwestbank from DZ Bank. In 2017, they sold the bank for an undisclosed price to BAWAG. In 2005, the Strüngmann brothers sold Hexal to Novartis for $6.7 billion. After the sale, he joined Novartis subsidiary Sandoz as head of regional operations in Germany, the Americas and the Middle East, reporting to Sandoz's chief executive, Andreas Rummelt. In 2008, the Strüngmann brothers – through their asset management firm Athos – agreed to underwrite 25 percent of a capital increase at Conergy. Also in 2008, the Strüngmann brothers supported BioNTech with a €136.5 million seed investment in a €150 million round that enabled the founding of the company. They earned $8 billion on their stake in BioNTech. They ow ...
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Otto GmbH
Otto GmbH & Co KG (doing business as Otto Group, stylized as otto group, formerly Otto Versand) is a German mail order company and one of the world's biggest e-commerce companies. Based in Hamburg, it operates in more than twenty countries. Otto is primarily a retail e-commerce company, and as a shareholder, it also operates in e-commerce services. The Otto group has expanded into real estate and financial services. In France, Otto claims to be the leading e-commerce business through 3 Suisses. In June 2013, Otto executed a full takeover to become its only shareholder. History The family of executive board chairman Michael Otto owns the majority of the company. The company is based in Hamburg, Germany. It was founded by Werner Otto in 1949. The first catalogue was hand produced offering twenty eight styles of shoes. During the 1950s, the product range business volume expanded. Otto introduced telephone orders in 1963, and launched an online shopping website in 1995. Mich ...
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Alexander Otto (businessman)
Alexander Otto (born 7 July 1967) is a German billionaire businessman. As of November 2021, his net worth was estimated at US$12.2 billion. Early life Alexander Otto was born on 7 July 1967. He is son of Werner Otto and his third wife, Maren Otto. He earned a bachelor's degree from Harvard College, and an MBA from Harvard Business School. Career Otto is a part-owner of Otto Group, founded by his father Werner Otto. He is the majority owner and CEO of ECE Group, a commercial property company specialising in shopping centres, which was also founded by his father. He has joined the family business in 1994. He is also a member of the supervisory board of the Otto Group, of ''Deutsche EuroShop AG'' and of ''SITE Centers'' in Cleveland/USA. According to the magazine Forbes his net worth is $12.1 Billion. The Otto family is consistently ranked among the wealthiest Germans. Personal life Otto is married to Dorit Otto and lives in Hamburg (male), (female) en, Hamburger(s ...
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Schaeffler Group
Schaeffler Technologies AG & Co. KG, also known as Schaeffler Group (''Schaeffler-Gruppe'' in German), is a German manufacturer of rolling element bearings for automotive, aerospace and industrial uses. It was founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E. h. Georg Schaeffler. In August 2008, the firm agreed to a staggered €12 billion acquisition of larger rival Continental AG, whereby Schaeffler would defer taking a majority stake until at least 2012. However, in 2011 Schaeffler sold off €1.8 billion worth of shares of Continental, reducing its stake from 75.1% to 60.3%. Currently, the company owns 46% of Continental shares. Schaeffler Group also owns the brands INA, FAG and LuK. In Germany, the main brands of the Schaeffler Group – INA, FAG and LuK – are marketed by Schaeffler Technologies AG & Co. KG and LuK GmbH & Co. oHG. Schaeffler has an Indian subsidiarySchaeffler India which is publicly listed on the National Stock Exchange of India and the Bombay ...
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