Ingeburg Herz’s profile picture

Ingeburg Herz

Ingeburg Herz’s profile picture
Net worth 2018: $2.4 Billion
Country: Germany
Children: 5
BIOGRAPHY

Ingeburg Herz was born in Germany. Ingeburg Herz, a German retailing heiress, died in September 2015 at age 95. Her Ingeburg Herz Foundation and her sons Wolfgang and Michael and their families own Tchibo GmbH, purveyor of Germany's best-known coffee brand, and 50% of publicly traded skincare company Beiersdorf AG, whose brands include Nivea. Tchibo was founded 1949 by Ingeburg's husband, Max Herz, and his partner, Carl Tchiling-Hiryan, Oldest son Guenter took the reins after Max, the son of a coffee importer, died in 1965, and along with his brother Michael built upon Max's idea of opening stores where coffee could be both sipped and sold over the counter -- a forerunner to Starbucks. A family feud heated up after Guenter advanced a plan to take the company public to raise money for acquisitions and fortify itself against deep-pocketed competitors. In 2003, Ingeburg helped facilitate a resolution by supporting a buyout of interests held by her daughter, Daniela, and Guenter, who together received around $5 billion. Another son, Joachim, died in 2008 after being hit by a boat while swimming in a lake in Georgia.

NET WORTH STATISTIC
2010

$1.2 Billion

2011

$1.1 Billion

2012

$1.3 Billion

2013

$1.35 Billion

2014

$2.4 Billion

2015

$2.4 Billion

2018

$2.4 Billion

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