Dieter Schwarz (born 24 September 1939) is a German
billionaire businessman, and owner of the
Schwarz-Gruppe. He is the former chairman and
CEO of the supermarket chain
Lidl
Lidl Stiftung & Co. KG (; ) is a German international discount retailer chain that operates over 11,000 stores across Europe and the United States. Headquartered in Neckarsulm, Baden-Württemberg, the company belongs to the Schwarz Group, whi ...
, and the
hypermarket
A hypermarket (sometimes called a hyperstore, supercentre or superstore) is a big-box store combining a supermarket and a department store. The result is an expansive retail facility carrying a wide range of products under one roof, including ...
chain
Kaufland
Kaufland is a German hypermarket chain, part of the Schwarz Gruppe which also owns Lidl. The hypermarket directly translates to English as 'buy-land'. It opened its first store in 1984 in Neckarsulm and quickly expanded to become a major chain ...
.
Career
In 1973, Dieter Schwarz joined the ''"Lidl & Schwarz KG"'' business of his father
Josef Schwarz
Josef "Sepp" Schwarz (born 20 Mispণy zl1941 in Strabowitz, Sudetenland, 9.Germany; today Třebovice, Czech Republic) is a retired German long jumper. He represented West Germany at the 1972 Summer Olympics in Munich. Schwarz set the world's bes ...
and opened the company's first discount supermarket, inspired by the brothers Albrecht. After his father died in 1977, he took control of the discount chain. He became
CEO and expanded the business outside of Germany.
Soon afterwards, Schwarz bought the naming rights for Lidl from an unrelated person named Ludwig Lidl, a former schoolteacher, in order to side-step a legal battle with the co-owner A. Lidl.
Net worth
In 2009, he was estimated to be worth 10
billion
Billion is a word for a large number, and it has two distinct definitions:
*1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English.
* 1,000,000,000,000, i. ...
euro. As of October 2012, he was estimated to be worth 12 billion euro, an increase from 11.5 billion euro in 2011. In 2013, he was estimated be worth €19.6 billion, and ranked the 24th richest person in the world.
[ As of February 2014, he was ranked as 23rd richest person in the world in the ]Hurun Report
Rupert Hoogewerf (born 1970 in Luxembourg), also known by his Chinese name Hu Run (), is the chairman and chief researcher of Hurun Report, a research, media and investments business, best known for its Hurun Rich List, a ranking of the wealthies ...
Global Rich List.
In June 2021, ''Bloomberg Billionaires Index
The ''Bloomberg Billionaires Index'', launched in March 2012, is a daily ranking of the world's 500 richest people based on their net worth. It draws information from "action in the stock market, economic indicators and news reports", features a p ...
'' listed Schwarz as the 61st richest person in the world with an estimated net worth of US$27.3 billion.
Personal life
In 1963, Schwarz married Franziska Weipert. They live in Heilbronn and have two daughters.[ in an extent that no media recordings of Schwarz exist and he refuses any kind of interview. Meanwhile, just three photos of him are known to exist in the press or in the image search of Google.News article with photo of Schwartz]
1 March 2021.
References
{{DEFAULTSORT:Schwarz, Dieter
1939 births
Living people
Businesspeople from Baden-Württemberg
German billionaires
People from Heilbronn
Recipients of the Order of Merit of Baden-Württemberg
German chief executives
German businesspeople in retailing
20th-century German businesspeople
21st-century German businesspeople