Friedhelm Loh’s profile picture

Friedhelm Loh

Friedhelm Loh’s profile picture
Net worth 2018: $3.61 Billion
Industry: Manufacturing
Residence: Haiger, Germany
Country: Germany
BirthDay: 16 August 1946
Sigh: Virgo
Children: 3
BIOGRAPHY

Friedhelm Loh was bornon 16 August 1946 in Haiger, Germany, Germany. Friedhelm Loh is #631 in List Billionaires People In The World. Friedhelm Loh owns a group of companies that provide software, products and services to a range of industries including switchgear manufacturing, power distribution, steel and plastics. He inherited the business 30 years ago from his father, Rudolf, who founded it in 1961 after inventing the first mass-produced enclosures for electrical control systems. Today, the group has over 11,500 employees, more than 65 global subsidiaries and annual revenue of around $2.5 billion. The largest company in the group, Rittal, supplies enclosures, climate-control technology, power distribution gear and IT infrastructure. In 2013, Friedhelm Loh Group acquired Kuttig Computeranwendungen GmbH, Cideon AG and Kiesling Maschinentechnik -- companies active in software and engineering. Loh collects antique cars and publishes religious literature through his Christian Media Foundation. He serves as honorary president of ZVEI, a German electronics and electric manufacturers' association. He committed $6.8 million to establish the Rittal Foundation on the company's 50th anniversary in 2011.

NET WORTH STATISTIC
2009

$1 Billion

2010

$1.7 Billion

2011

$2.7 Billion

2012

$2.6 Billion

2013

$2.6 Billion

2014

$3 Billion

2015

$2.7 Billion

2016

$2.4 Billion

2017

$2.7 Billion

2018

$3.61 Billion

TIMELINE
2016

On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2

1961

Friedhelm Loh is the son of Rudolf Loh, who founded a company in 1961 after inventing the "first mass-produced enclosures for electrical control systems"

1946

Friedhelm Loh (born 16 August 1946) is a German billionaire businessman

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