Oliver Samwer’s profile picture

Oliver Samwer

Cofounder and CEO, Rocket Internet
Oliver Samwer’s profile picture
Net worth 2018: $1.17 Billion
Industry: Technology
Residence: Munich, Germany
Country: Germany
Children: 3
Education: Bachelor of Arts / Science, WHU Otto Beisheim School of Management
BIOGRAPHY

Oliver Samwer was born in Munich, Germany, Germany, is Cofounder and CEO, Rocket Internet. Oliver Samwer is #1890 in List Billionaires People In The World. Serial startup cloner Oliver Samwer and his two brothers, Alexander and Marc, make it onto the billionaires list for the first time in 2015 after taking Rocket Internet, their Berlin-based company incubator, public in October 2014. Known as the brains of the operation, middle brother Oliver serves as CEO of Rocket Internet, which takes the business models of successful American tech companies and copies them in foreign markets. Collectively, the brothers own a little more than 40% of Rocket, which was valued at more than $8 billion at the time of its IPO. Inspired by the dot-com boom after spending time in the U.S. in the late '90s, the brothers created a German auction site, Alando, in 1999, which they sold to eBay for $43 million after only a few months of operation. That was followed by the creation of a mobile phone content provider, Jamba!, that was sold to Verisign in 2004 for $273 million. The brothers founded Rocket in 2007 and the company has gone on to rub many entrepreneurs the wrong way with its reputation for cloning tech companies. The strategy, however, has paid off. The company's first big success was CityDeal, a European daily deals clone that was sold to Groupon in 2010 for $170 million, while its most recent win was the initial public offering of Zalando, a Zappos-like online retailer that went public a day before Rocket. Often characterized as ruthless and pugnacious, Oliver Samwer has been known to say that he'll do "whatever it takes" to win.

NET WORTH STATISTIC
2015

$1.7 Billion

2018

$1.17 Billion

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