Heinz-Georg Baus’s profile picture

Heinz-Georg Baus

Heinz-Georg Baus’s profile picture
Net worth 2018: $3.8 Billion
Industry: Retail
Country: Germany
BirthDay: 25 February 1934
Sigh: Pisces
Died On: 10/05/2016
Children: 1
BIOGRAPHY

Heinz-Georg Baus was bornon 25 February 1934 in Germany. Heinz-Georg Baus is founder of the German home-improvement chain Bauhaus AG. A carpenter by trade, he opened his first store in a former carpentry workshop belonging to his parents in Mannheim, Germany, in 1960. He saw a niche in the trend towards do-it-yourself construction and home improvement that had already gotten underway in the U. S. Baus relocated Bauhaus headquarters to Zug, Switzerland in the late 1960s and expanded the company's reach into Austria in 1972. Today, the private, family-owned company has more than 260 stores and 23,000 employees in 19 European countries, with Germany accounting for more than half of its roughly $6 billion in annual revenue. With the acquisition of 24 stores from insolvent Praktiker (Max Bahr), Bauhaus added an estimated $700 million in annual sales. Baus is married and lives in Monaco. His only son, Bernd, serves as a managing director at the company.

NET WORTH STATISTIC
2013

$3.4 Billion

2014

$3.9 Billion

2015

$3.35 Billion

2016

$3.8 Billion

2018

$3.8 Billion

TIMELINE
1960

Baus opened the first Bauhaus store in Mannheim in 1960

1934

Heinz-Georg Baus (25 February 1934 – 10 May 2016) was a German billionaire, the owner of the home improvement retail chain Bauhaus AG

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