Reinhold Wuerth’s profile picture

Reinhold Wuerth

Reinhold Wuerth’s profile picture
Net worth 2018: $13.66 Billion
Industry: Manufacturing
Residence: Kuenzelsau, Germany
Country: Germany
BirthDay: 20 April 1935
Sigh: Taurus
Children: 3
BIOGRAPHY

Reinhold Wuerth was bornon 20 April 1935 in Kuenzelsau, Germany, Germany. Reinhold Wuerth is #109 in List Billionaires People In The World. Reinhold Wuerth entered his father's wholesale screw business in 1949, at age 14, as the company's second employee and first apprentice. After his father's sudden death in 1954, he took the reins and honed a competitive advantage by delivering goods directly to customers on construction sites and in mechanical shops. Now the leading global supplier of assembly and fastening materials for the automotive, construction and engineering trades, Wuerth Group has sales of over $11 billion and some 71,000 employees in more than 430 branches in 80-plus countries. Reinhold Wuerth -- who celebrated his 65th work anniversary in 2014 and his 80th birthday in 2015 -- retired in 1993, but he still serves as chairman of the supervisory board of the Wuerth Group´s family trusts. His daughter Bettina Wuerth is chairwoman of the advisory board of Wuerth Group. His vast art collection, which began with an Emil Nolde painting acquired in 1964, consists of an estimated 17,000 pieces including works by Edvard Munch, Max Beckmann and Pablo Picasso. Selections are displayed in four principal museums in Germany and Switzerland, as well as in Wuerth Group offices throughout Europe. In 2011, he spent about $68 million to acquire the Virgin of Mercy ("SchutzmantelMadonna" in German), a revered painting by Hans Holbein the Younger. An enthusiastic aviator, he has a pilot's license and owns five jets and a small airport.

NET WORTH STATISTIC
2009

$5.2 Billion

2010

$5.7 Billion

2011

$4.1 Billion

2012

$5.2 Billion

2013

$6 Billion

2014

$7.7 Billion

2015

$6.7 Billion

2016

$8.1 Billion

2017

$10 Billion

2018

$13.66 Billion

TIMELINE
Reinhold Würth (born 20 April 1935 in Öhringen, Württemberg) is a German businessman and art collector. He took over his father's tiny wholesale screw business at 19 and built it into the Adolf Würth Group, which posted record $13 billion in sales in 2013.Würth is married with three children and lives in Künzelsau, Germany.Würth is known as an art collector. His art collection comprises over 15,000 works of art, many of them part of the “Classical Modernity”.Würth has received many honors over the years, including, but not limited to being inducted into Hall of Fame of German Industry and receiving the Ludwig Erhard medal, which rewards individuals who have attained exemplary results in their work for the public good and for the development of the social market economy.Würth is an honorary doctor and honorary senator of the University of Tübingen and was awarded the Bundesverdienstkreuz (Grand Cross of the Order of Merit) of the Federal Republic of Germany, the Diesel medal, and the Medal of Merit of the state of Baden-Württemberg.In March 2004, Reinhold Würth received the French medal and was appointed a Knight of the Legion of Honour. On 18 November 2005, Professor Reinhold Würth was appointed Officer in the Order of Orange-Nassau, a military and civil order of the Netherlands, by royal decision.
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