Rolf Gerling’s profile picture

Rolf Gerling

Rolf Gerling’s profile picture
Net worth 2018: $1.74 Billion
Industry: Finance
Residence: Zurich, Switzerland
Country: Germany
Children: 3
Education: Bachelor of Arts / Science, University of Zurich
BIOGRAPHY

Rolf Gerling was born in Zurich, Switzerland, Germany. Rolf Gerling is #1355 in List Billionaires People In The World. In 1904, Rolf Gerling's grandfather launched a small insurance business, Gerling Konzern, which his father Hans expanded into a global insurance group. In 1992, following the death of his father, Gerling, an economist by training, sold a 30% stake to Deutsche Bank. He chaired the supervisory board but showed little interest in managing the business. Eventually, mismanagement coupled with losses from the September 11, 2001 terrorist attacks and costly asbestos claims plunged his legacy into turmoil. Forced to sell assets to raise capital, Gerling Konzern became a shadow of its former self. Finally, in 2005, Gerling sold his 94% stake to German insurer Talanx Group for an estimated $1 billion. A passionate environmentalist who lives a withdrawn life in Switzerland, Gerling, while overseeing Gerling Konzern, raised awareness of environmental-related risk factors within the insurance industry. In the 1990s, he was instrumental in getting 50 insurance companies to sign a United Nations pledge to consider the issues of climate change and other environmental problems in their business practices. Today, he sits on the foundation board of the Research Institute of Organic Agriculture (FiBL), supports ecology-minded projects through the Gerling Foundation and owns a portfolio including real estate through companies like DufourIm AG, which is headed by long-time Gerling confidant Heino von Have.

NET WORTH STATISTIC
2009

$1.5 Billion

2010

$1.6 Billion

2011

$1.6 Billion

2012

$1.6 Billion

2013

$1.75 Billion

2014

$1.7 Billion

2015

$1.5 Billion

2016

$1.7 Billion

2017

$1.5 Billion

2018

$1.74 Billion

TIMELINE
Rolf Gerling (born 15 December 1954 in Cologne) is a German billionairre ranked #512 worldwide in wealth by Forbes magazine. He has a net worth of approximately US$1.5 billion. He inherited a 94% stake in Gerling Konzern from his father Hans Gerling, valued at US$1.6 billion in 1992. Gerling Konzern is one of the world's largest writers of reinsurance policies. Gerling managed the firm until he sold his stake in 2005 to the Talanx Group and now works mostly with the Gerling Academy for Risk Research, an environmental think tank that he founded. Gerling lives in Switzerland.
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