Peter Unger’s profile picture

Peter Unger

Peter Unger’s profile picture
Net worth 2018: $2.47 Billion
Industry: Automotive
Residence: Neustadt an der Waldnaab, Germany
Country: Germany
BirthDay: 25 April 1942
Sigh: Taurus
Children: 2
BIOGRAPHY

Peter Unger was bornon 25 April 1942 in Neustadt an der Waldnaab, Germany, Germany. Peter Unger is #991 in List Billionaires People In The World. From a single location opened in 1985, Peter Unger built his namesake auto parts and repair outfit, Auto-Teile-Unger (A.T.U.), into a successful nationwide chain. In 2002, he sold 72% of the company to British investor group Doughty Hanson & Co. for $900 million. In 2004, Kohlberg Kravis Roberts & Co. bought the entire company, including Unger's remaining 19% stake, for which he received $360 million. Today, there are over 600 A.T.U. stores in Germany, Austria and Switzerland with around 10,000 employees; but ever since the sale of the company and a failed IPO in 2004, it has struggled with debt, high rents for garages and less demand for servicing cars. In late 2013, KKR sold A.T.U. to private investment firm Centerbridge Partners for one euro. In December 2016, it was acquired by French group Mobivia. Residing in Bavaria, Unger is now investing in listed companies, startups and real estate, mostly through his Unger Unternehmensgruppe. In 2005, he founded a company focused on food hygiene, aquagroup AG, where he is chairman of the board. He is the sole importer for Taiwanese company Kymco in Germany and the Czech Republic, selling motorbikes and quads. In early 2017, Unger Unternehmensgruppe subsidiary MSA will open a bike center on the site of a former tire warehouse, focusing on electric bicycles. Unger's investments also include Tacterion, a German sensor technology startup, and a company attempting to make grain and potato varieties more resistant against vermin and heat waves.

NET WORTH STATISTIC
2009

$1.2 Billion

2010

$1.3 Billion

2011

$1.3 Billion

2012

$1.3 Billion

2013

$1.4 Billion

2014

$1.4 Billion

2015

$1.8 Billion

2016

$2 Billion

2017

$2 Billion

2018

$2.47 Billion

TIMELINE
Peter K. Unger (/ˈʌŋɡər/; born April 25, 1942) is a contemporary American philosopher and professor at New York University. His main interests lie in the fields of metaphysics, epistemology, ethics, and the philosophy of mind.Unger attended Swarthmore College at the same time as David Lewis, earning a B.A. in philosophy in 1962, and Oxford University, where he studied under A. J. Ayer and earned a doctorate in 1966.Unger has written a defense of profound philosophical skepticism. In Ignorance (1975), he argues that nobody knows anything and even that nobody is reasonable or justified in believing anything.In Philosophical Relativity (1984), he argues that many philosophical questions cannot be definitively answered.In the field of applied ethics, his best-known work is Living High and Letting Die (1996). In this text, Unger argues that the citizens of first-world countries have a moral duty to make large donations to life-saving charities (such as Oxfam and UNICEF), and that once they have given all of their own money and possessions, beyond what is needed to survive, they should give what belongs to others, even if having to beg, borrow, or steal in the process.In "The Mental Problems of the Many" (2002), he argues for substantial interactionist dualism on questions of mind and matter: that each of us is an immaterial soul. The argument is extended and fortified in his 2006 book All the Power in the World.In Empty Ideas (2014), he argues that analytic philosophy has delivered no substantial results as to how things are with concrete reality.
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