Peter Spuhler’s profile picture

Peter Spuhler

Peter Spuhler’s profile picture
Net worth 2018: $2.35 Billion
Industry: Manufacturing
Residence: Weiningen, Switzerland
Country: Switzerland
Children: 2
BIOGRAPHY

Peter Spuhler was born in Weiningen, Switzerland, Switzerland. Peter Spuhler is #1045 in List Billionaires People In The World. Peter Spuhler, CEO of Stadler Rail, built a fortune buying up railcar makers across eastern Europe. Spuhler got his start in 1987 at a locomotive-parts manufacturer called Stadler. His wife's grandfather had started it five decades earlier, and in 1989, he bought Stadler from her grandmother for $6 million. It then employed 18 people and had $5 million in revenue. He embarked on a two-decade-long acquisition journey, buying up parts of crumbling rivals. Today, Stadler has 5,000 employees and does about $2 billion in sales. When building railcars, Stadler has favored bespoke work (while competitors stuck with a one-size-fits-all approach), and over the years, it has built cars to climb to Germany's highest peak and designed ones to withstand brutal Helsinki winters. Spuhler, a former Swiss Army officer, served for 13 years in parliament where he advocated a pro-business agenda; he favored increased immigration to Switzerland and opposed the country's minaret ban, fearing Muslim boycotts. Stadler sold 20% of his business in 2005 to a private equity shop, but later repurchased nearly all the stake.

NET WORTH STATISTIC
2015

$2.2 Billion

2016

$1.1 Billion

2017

$2 Billion

2018

$2.35 Billion

TIMELINE
Peter Spuhler (born 9 January 1959 in Sevilla) is a Swiss entrepreneur and politician of the Swiss People's Party, from 1999 to 2012 he was a member of the Swiss National Council for the canton of Thurgau. Spuhler was CEO of the family firm Stadler Rail from 1989 to 2017.
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