Max Turnauer was born in Austria. Max Turnauer owns Constantia Industries, a Vienna-based industrial holding company founded by his entrepreneurial father, Herbert, in 1969. That same year Herbert sold a lacquer business he'd built up after World War II. Constantia's diversified interests include FunderMax (timber products and decorative laminates), Isosport (plastic composite materials for the ski and snowboard industries) and Isovolta (electrical insulation materials). Another holding, Isovoltaic, which makes backing for solar modules, was slated to go public in 2011 but failed to do so for lack of investor interest. Revenues for the group, which traded on the Vienna exchange before being taken private in 2004, topped $1.1 billion in 2011 (the latest figures available). No longer involved in management, Turnauer, who joined the Forbes Billionaires list in 2013, serves as ambassador of the Order of Malta in Liechtenstein. His son, Stanislaus, is CEO of Constantia Industries.