Andreas Struengmann’s profile picture

Andreas Struengmann

Andreas Struengmann’s profile picture
Net worth 2018: $3.72 Billion
Industry: Health care
Residence: Tegernsee, Germany
Country: Germany
Children: 2
Education: Medical Doctor, University at Buffalo
BIOGRAPHY

Andreas Struengmann was born in Tegernsee, Germany, Germany. Andreas Struengmann is #606 in List Billionaires People In The World. In 2005, Andreas Struengmann and his twin brother, Thomas, who together founded generic drug maker Hexal AG in 1986, sold the business (along with their 68% stake in U.S.-based Eon Labs) to Novartis for $7.5 billion. Since then, they've been actively investing in biotechnology and pharmaceutical companies. Their holdings also include a private bank, Stuttgart-based Sudwestbank. In 2008, they established a neuroscience research center in Frankfurt named after their father, Ernst Struengmann. After studying medicine in Freiburg, Germany, Andreas worked as a doctor in South Africa. He is known to love sailing, golf and skiing.

NET WORTH STATISTIC
2009

$3.6 Billion

2010

$3.8 Billion

2011

$3.9 Billion

2012

$3.3 Billion

2013

$3.4 Billion

2014

$3.5 Billion

2015

$3.3 Billion

2016

$3.2 Billion

2017

$3.1 Billion

2018

$3.72 Billion

TIMELINE
2005

In February 2005, he and his brother Thomas sold Hexal and their 67

1950

Andreas Strüngmann (born 1950) was born in Germany and founded generic drug maker Hexal AG ($1

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