Hermann Schnabel was born in Germany. Owns 60% of $12.7 billion (sales) Helm AG, one of the world's leading independent chemicals marketing enterprises with interests in trading, chemicals and pharmaceuticals. Founded company after World War II; ran it until 1984 when he handed chairman title over to son Dieter, also a billionaire. Dieter still in charge. Herman's Else Schnabel foundation, named after his wife, promotes German-Czech Relations. Has an art collection with paintings by Van Gogh, Monet, Renoir, Rembrandt and Degas. Supports Hamburg Opera. Apparently dislikes wristwatches, collects stamps.