Guenter Herz’s profile picture

Guenter Herz

Guenter Herz’s profile picture
Net worth 2018: $3.95 Billion
Industry: Investments
Residence: Hamburg, Germany
Country: Germany
Children: 2
BIOGRAPHY

Guenter Herz was born in Hamburg, Germany, Germany. Guenter Herz is #567 in List Billionaires People In The World. After the death of his father Max in 1965, Guenter Herz, at age 24, grabbed the reins of his family's coffee business and built upon Max's idea of opening stores where coffee could be both sipped and sold over the counter -- a forerunner to Starbucks. Guenter ran the business for almost 35 years, building Tchibo into a retailing force by adding a wide range of other consumer goods and services. A family feud heated up after he advanced a plan to take the company public to finance acquisitions and fortify itself against deep-pocketed competitors. In 2003, sister Daniela and he sold their combined 40% interest in the family holding company -- which included a stake in skin-care products maker Beiersdorf, whose brands include Nivea -- for an estimated $5 billion. They plowed a chunk of those funds into private equity firm Mayfair SE, which, in 2006, acquired shipping classification company GermanisCher Lloyd. In December 2012, the company agreed to merge with Det Norske Veritas of Norway. The combined DNV GL Group, of which Mayfair owns 36.5%, has 15,000 employees and annual revenue of around $2.8 billion from providing classification and certification services to clients in the oil and gas, maritime and renewable energy sectors. Mayfair also owns 44% of Vapiano Group; a franchiser of self-serve Italian food restaurants, it was founded in 2002 by the German entrepreneur Gregor Gerlach. With over 175 outlets in 31 countries, Vapiano is looking to establish a presence in Japan and China. Guenter, an avid fan of race horses and competitive sailing, has enjoyed success as a breeder of trotters.

NET WORTH STATISTIC
2009

$2 Billion

2010

$2.3 Billion

2011

$2.4 Billion

2012

$2.5 Billion

2013

$2.7 Billion

2014

$4.4 Billion

2015

$2.9 Billion

2016

$2.8 Billion

2017

$3.5 Billion

2018

$3.95 Billion

TIMELINE
1992

In December 1992, Hermann left Bremen for another first-divisioner, SG Wattenscheid 09 (in Bochum) helping the modest side retain its top level status in his one half season stint

1991

As his presence was diminishing he still appeared in six matches during the club's 1991–92 Cup Winners' Cup victorious campaign, although he did not play in the final

1990

His other appearance took place in the final test of the nation ahead of the 1990 FIFA World Cup, playing nine minutes in another 1–0 success, on 30 May, against Denmark

1988

Hermann recorded just two international caps for West Germany in his professional career, making his debut on 21 September 1988, in a friendly against the Soviet Union (1–0) in Düsseldorf

1987

In the 1987–88 season, he played in 30 matches (receiving only one yellow card), as Werder won the national championship after 23 years

1982

He made his Bundesliga debut on 11 December 1982, in a 2–1 win at VfL Bochum, but it would be only his only appearance of the season, and he would also amass a single one in the following

1960

Günter Hermann (born 5 December 1960 in Rehburg-Loccum, Lower Saxony) is a German football manager, currently working as the caretaker and sporting director of FC Oberneuland, footballer who played as a defensive midfielder, mainly with Werder Bremen

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