Walter Droege’s profile picture

Walter Droege

Walter Droege’s profile picture
Net worth 2018: $8.7 Billion
Industry: Service
Residence: Dusseldorf, Germany
Country: Germany
BIOGRAPHY

Walter Droege was born in Dusseldorf, Germany, Germany. Walter Droege and wife Hedda im Brahm Droege founded Droege International Group in 1988 and have since turned the Dusseldorf-based company into one of the world's largest business consulting, restructuring and corporate advisory practices, with annual revenues topping $10 billion and 62,000 people working in offices in 30 countries. Droege has a hybrid business model, providing expertise to external consulting clients and making direct "buy and build" investments (mostly in corporate subsidiaries and medium-size companies in special situations) for its own portfolio. It also has a venture program aimed at emerging high-growth companies with innovative business models applicable to traditional sectors in which the portfolio companies of Droege Group operate. By acting like entrepreneurs and providing capital, management resources and "value-add" know-how, Droege follows the principle of "Entrepreneurship as a Service" in engaging with clients seeking advice in developing and implementing future-oriented, digital business models. Walter Droege owns 78% of the company and serves as CEO and executive managing director. Hedda, who is vice-chairwoman of the supervisory board, owns the rest.

NET WORTH STATISTIC
2016

$6.4 Billion

2017

$7.6 Billion

2018

$8.7 Billion

TIMELINE
Walter Droege is a German billionaire, the founder and CEO of Droege International Group.Walter Droege founded Droege International Group AG, which provides restructuring and turnaround advisory services, in 1988 in Düsseldorf, Germany.In March 2016, his net worth was $6.4 billion.
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