Nicola Leibinger-Kammueller was born in Berlin, Germany, Germany. Nicola Leibinger-Kammueller is #1533 in List Billionaires People In The World. The world's largest manufacturer of machine tools, with annual revenue of around $3 billion, TRUMPF GmbH traces its roots to 1923 when Christian Trumpf and two partners acquired a machine shop in Stuttgart. The company's first product: flexible shafts for use in dental tools and printing. Peter's father, Berthold Leibinger, joined the company as the head of its engineering division in 1961 and developed the first contour "nibbling" machine tool with numerical control. (Nibbling is a method of punching metal in the fabrication process.) Christian Trumpf, who had no children, chose Leibinger as his successor and successfully handed over the company's shares to him in 1972. Leibinger expanded the product line not only through acquisitions in bending, electronics and medical technology, but also through internal development, most notably involving lasers. The company has played a decisive role in the broad industrial application of laser technology. After retiring from management in 2005, Berthold passed the company's ownership to his three children. Since November 2005, Nicola, who owns a 26.73% stake, has served as president and chairwoman of the holding company's managing board. She's responsible for TRUMPF's strategic development, corporate communications, real estate, facilities, legal affairs, sustainable development and security. Her brother, Peter, is vice-chairman of the managing board and head of TRUMPF's Laser Technology/Electronics division, while her sister, Regine, an architect by training, serves on the company's supervisory board but is not involved day-to-day operations.