Siegfried Meister’s profile picture

Siegfried Meister

Siegfried Meister’s profile picture
Net worth 2018: $5.2 Billion
Industry: Manufacturing
Residence: Landsberg am Lech, Germany
Country: Germany
BirthDay: 17 October 1938
Sigh: Scorpio
Died On: 28/07/2017
BIOGRAPHY

Siegfried Meister was bornon 17 October 1938 in Landsberg am Lech, Germany, Germany. Siegfried Meister, an electrical engineer who didn't like how food was prepared at the restaurant chain for which he worked, founded Rational AG in 1973. He owns 63% of the publicly traded company and chairs the supervisory board. Based in the Bavarian town of Landsberg, Rational has a 54% share of the global market for thermal food preparation appliances -- ovens, steamers and grills -- used in large-scale and commercial kitchens around the world, including the White House and Buckingham Palace. The $589 million (2015 sales) company, which went public in 2000, has grown consistently in the past 20 years, without acquisitions, and prides itself on innovative and energy-efficient technology. Its SelfCookingCenter 5 Senses line debuted in 2014 -- offering, among other features, controls and sensors for adjusting and monitoring cabinet cooking conditions and implementing customized chef specifications such as browning. Its heart, the control software, is fine-tuned for every country. There's ample room for future growth: According to Rational, of the potential three million customers, 90 percent don't currently own one of its products. Meister and his wife still come into the company, which employs around 1,530 people, every day to eat with the managers.

NET WORTH STATISTIC
2012

$1.9 Billion

2013

$2.5 Billion

2014

$2.5 Billion

2015

$2.9 Billion

2016

$3.6 Billion

2017

$3.8 Billion

2018

$5.2 Billion

TIMELINE
Siegfried Meister (17 October 1938 – 28 July 2017) was a German billionaire businessman, founder and 63% owner of Rational AG.Meister was born in 1938. He trained as an electrical engineer.In 1973, he founded Rational AG, which rose to success as a result of the popularity of the combination steamer, which he helped to develop. He owned 63.7% of Rational.In July 2017, Forbes estimated his net worth at US$4.9 billion.He was married and lived in Landsberg am Lech, Germany. He died on 28 July 2017.
(3.1/158 votes)
Related Person
Viktor Rashnikov’s profile picture
Viktor Rashnikov
Net Worth is $10.02 Billion
Herbert Kohler, Jr.’s profile picture
Herbert Kohler, Jr.
Net Worth is $9.3 Billion
Goh Cheng Liang’s profile picture
Goh Cheng Liang
Net Worth is $8.03 Billion
Sri Prakash Lohia’s profile picture
Sri Prakash Lohia
Net Worth is $7.07 Billion
Dmitry Rybolovlev’s profile picture
Dmitry Rybolovlev
Net Worth is $6.85 Billion
Yao Liangsong’s profile picture
Yao Liangsong
Net Worth is $6.4 Billion