Rainer Schmidt-Ruthenbeck (also spelled Reiner, born 1941) is a German billionaire businessman and, together with his brother Michael, owner of 16% of the retail group

Metro AG Metro AG is a German multinational company based in Düsseldorf which operates business membership only cash and carry stores primarily under the Metro brand. Until 2020 it was also active in general retail business through Real division, wh ...

Biography

He is the son of

Wilhelm Schmidt-Ruthenbeck Wilhelm Schmidt-Ruthenbeck (1906-1988) was a German entrepreneur, the co-founder of the retail chain Metro AG. Life His father was Karl Schmidt, who founded in 1923 in Duisburg, the company ''Karl Schmidt OGH''. In 1963, Schmidt-Ruthenbeck fou ...

and Vera Ruthenbeck. His brother is

Michael Schmidt-Ruthenbeck Michael Schmidt-Ruthenbeck (born 1942) is a German billionaire businessman, together with his brother Rainer, owner of 16% of the retail group Metro AG. Early life He is the son of Wilhelm Schmidt-Ruthenbeck and Vera Ruthenbeck. His brother i ...

and his sister is Viola Schmidt-Ruthenbeck. In the 1990s his family founded the

Stiftung Mercator A stiftung () (properly ''Stiftung'', pl. ''Stiftungen'') is an institution/foundation which, with the aid of a property, pursues a purpose determined by the founder. A ''stiftung foundation'' exists to give effect to the stated, non-commercial wi ...

, the

Mercator Schweiz __NOTOC__ Mercator (Latin for "merchant") may refer to: People * Marius Mercator (c. 390–451), a Catholic ecclesiastical writer * Arnold Mercator, a 16th-century cartographer * Gerardus Mercator, a 16th-century cartographer ** Mercator 1569 ...

and the

Karl Schmidt Family Foundation Karl may refer to: People * Karl (given name), including a list of people and characters with the name * Karl der Große, commonly known in English as Charlemagne * Karl Marx, German philosopher and political writer * Karl of Austria, last Austrian ...

. On the '' Forbes'' 2016 list of the world's billionaires, he and his brother were ranked #722 with a net worth of US$2.4 billion. He lives in Duisburg, Germany.

References

{{DEFAULTSORT:Schmidt-Ruthenbeck, Rainer 1941 births Living people Businesspeople from North Rhine-Westphalia German businesspeople in retailing 20th-century German businesspeople 21st-century German businesspeople German billionaires Metro Group people People from Duisburg