Wolfgang Herz (born 1950) is a German billionaire businessman, co-owner of the German coffee shop and retail chain

Tchibo Tchibo is a German chain of coffee retailers and cafés known for its range of non-coffee products that change weekly. The latter includes: clothing, furniture, household items, electronics and electrical appliances. In Germany, Tchibo's slogan i ...

Family business

Herz is the son of Max Herz and Ingeburg Herz. His father co-founded Tchibo in 1949 with

Carl Tchilinghiryan Carl Tchilinghiryan (27 February 1910 – 8 May 1987) was a German businessman of Armenian origin, who co-founded the coffee house Tchibo. Career In 1949, together with Max Herz, he founded the "Frisch-Röst-Kaffee Carl Tchiling GmbH", which ...

. In 2003, along with his mother and brother, he bought out his other brother,

Günter Herz Günter Herz (born 1940) is a German businessman, former CEO of the German coffee shop and retail chain Tchibo. Early life Günter Herz is the son of Max Herz and Ingeburg Herz. Max Herz co-founded Tchibo in 1949 with Carl Tchilinghiryan. Car ...

, and sister,

Daniela Herz-Schnoekel Daniela Herz-Schnoekel (born 1954) is a German businesswoman, former part-owner of the German coffee shop and retail chain Tchibo. Early life Herz-Schnoekel is the daughter of Max Herz and Ingeburg Herz. Her father co-founded Tchibo in 1949 wi ...

Personal life

According to ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

'', Herz has a net worth of US$4.5 billion, as of September 2022. Herz lives in

Hamburg (male), (female) en, Hamburger(s), Hamburgian(s) , timezone1 = Central (CET) , utc_offset1 = +1 , timezone1_DST = Central (CEST) , utc_offset1_DST = +2 , postal ...

References

Living people 1950 births German billionaires 20th-century German businesspeople 21st-century German businesspeople German businesspeople in retailing Wolfgang {{Germany-business-bio-stub