Heinz-Horst Deichmann & family’s profile picture

Heinz-Horst Deichmann & family

Heinz-Horst Deichmann & family’s profile picture
Net worth 2018: $4.9 Billion
Country: Germany
Children: 4
BIOGRAPHY

Heinz-Horst Deichmann & family was born in Germany. German billionaire Heinz-Horst Deichmann, who controlled Europe's largest shoe retailer Deichmann-Schuhe SE, died on October 2, 2014. The company, which operates 3,500 stores including the Rack Room Shoes and Off Broadway chains in the U. S., sold 167 million pairs of shoes worldwide last year and brought in over $6 billion in revenues. Shoes were in his blood. Deichmann's parents started out with a small cobblers' shop in 1913. When his father died at age 52 in 1940, the then fourteen-year-old boy had to help out more. Even while studying medicine and theology in Bonn and Dusseldorf, he continued to help his mother as she struggled to keep the small business afloat. When the company opened its first store in Dusseldorf, he transported the shoes to the new location himself on his way back to school. In 1956, Deichmann left his orthopedic practice to concentrate on the growing family business full-time. Deichmann, who gave the reins to his son, Heinrich, years ago, was a well-regarded philanthropist who, among other initiatives, traveled to India to work with leprosy victims.

NET WORTH STATISTIC
2010

$4.3 Billion

2011

$4.6 Billion

2012

$4.1 Billion

2013

$4.4 Billion

2014

$4.9 Billion

2018

$4.9 Billion

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