Günter Herz (born 1940) is a German businessman, former CEO 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 ...

Early life

Günter Herz is the son of Max Herz and Ingeburg Herz. Max Herz co-founded Tchibo in 1949 with Carl Tchilinghiryan.

Career

Tchibo is 100% owned by three members of the Herz family, Ingeburg Herz (Max Herz's widow), and two of her sons,

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and Wolfgang Herz. In 2003, they bought out their brother, Günter, and sister, Daniela Herz-Schnoekel's 40% stake. In 2008, their brother Joachim died in a motorboat accident. According to ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'', Herz has a net worth of $2.8 billion, as of May 2015.

Personal life

Herz is married with two children, and lives in

Hamburg Hamburg (, ; ), officially the Free and Hanseatic City of Hamburg,. is the List of cities in Germany by population, second-largest city in Germany after Berlin and List of cities in the European Union by population within city limits, 7th-lar ...

References

Living people 1940 births German billionaires Gunter 20th-century German businesspeople 21st-century German businesspeople German businesspeople in retailing {{Germany-business-bio-stub