Erich Kellerhals (8 November 1939 – 25 December 2017Media-Markt-Gründer gestorben
) was a German

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 busin ...

co-founder An organizational founder is a person who has undertaken some or all of the formational work needed to create a new organization, whether it is a business, a charitable organization, a governing body, a school, a group of entertainers, or any other ...

Media-Saturn-Holding GmbH Ceconomy AG is an international retail company headquartered in Düsseldorf, Germany. Its history goes back to the Metro Group. Ceconomy operates more than 1,000 consumer electronics stores in twelve countries. In addition to MediaMarkt and Sat ...

, owner of

Media Markt Media Markt is a German multinational chain of stores selling consumer electronics with over 1000 stores in Europe. With chain of stores Saturn it constitutes Media-Saturn Holding, owned by the retail company Ceconomy, which was demerged from M ...

. In March 2017, his net worth was estimated at

US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

1.8 billion.

Career

Erich and Helga Kellerhals, together with Walter Gunz and Leopold Stiefel, co-founded Media-Saturn-Holding GmbH, owner of

Personal life

He was married with one child, and lived in

Ingolstadt Ingolstadt (, Austro-Bavarian: ) is an independent city on the Danube in Upper Bavaria with 139,553 inhabitants (as of June 30, 2022). Around half a million people live in the metropolitan area. Ingolstadt is the second largest city in Upper Bav ...

, Germany.

References

1939 births 2017 deaths German billionaires German businesspeople in retailing 20th-century German businesspeople 21st-century German businesspeople People from Ingolstadt {{Germany-business-bio-stub