Wolfgang Herz’s profile picture

Wolfgang Herz

Wolfgang Herz’s profile picture
Net worth 2018: $5.21 Billion
Residence: Hamburg, Germany
Country: Germany
BirthDay: 1950
BIOGRAPHY

Wolfgang Herz was bornon 1950 in Hamburg, Germany, Germany. Wolfgang Herz is #359 in List Billionaires People In The World. Together with his brother Michael, Wolfgang Herz derives his fortune from two of Germany's most recognized companies: Tchibo -- which imports and sells coffee, while also retailing a range of other consumer goods and services -- and listed skin-care company Beiersdorf AG, whose brands include Nivea. (Older brother Guenter and sister Daniela Herz-Schnoeckel were bought out in 2003. A fourth brother, Joachim, died in a motorboat accident in 2008. Their mother, Ingeburg, died in 2015 at age 95.) Wolfgang's father, Max, along with Carl Tchiling-Hiryan, founded Tchibo in 1949. Family holding company maxingvest ag owns 100% of Tchibo and about 46% of Beiersdorf (with annual revenues total around $3.5 billion and $7 billion, respectively). While Beiersdorf has continued on a steady growth path, Tchibo is rebounding from a tough spell financially caused in part by increasing pressure, on one side, from coffee rivals like Starbucks, Nestle and Jacobs Douwe Egberts and, on the other, from consumer goods discounters like Metro and Aldi.

NET WORTH STATISTIC
2009

$2.8 Billion

2010

$3.8 Billion

2011

$3.8 Billion

2012

$4.5 Billion

2013

$4.7 Billion

2014

$4.5 Billion

2015

$4.5 Billion

2016

$3.8 Billion

2017

$4.4 Billion

2018

$5.21 Billion

TIMELINE
Wolfgang Herz (born 1950) is a German businessman, co-owner of the German coffee shop and retail chain Tchibo.Herz is the son of Max and Ingeburg Herz. His father co-founded Tchibo in 1949 with Carl Tchilinghiryan.In 2003, along with his mother and brother, he bought out his other brother, Günter Herz, and sister, Daniela Herz-Schnoekel.According to Forbes, Herz has a net worth of $4.1 billion, as of January 2015. Herz lives in Hamburg.
(3.3/199 votes)
Related Person
Leonardo Del Vecchio’s profile picture
Leonardo Del Vecchio
Net Worth is $22.33 Billion
Tadashi Yanai’s profile picture
Tadashi Yanai
Net Worth is $20.44 Billion
Stefan Persson’s profile picture
Stefan Persson
Net Worth is $16.41 Billion
Gerard Wertheimer’s profile picture
Gerard Wertheimer
Net Worth is $13.35 Billion
Michael Otto’s profile picture
Michael Otto
Net Worth is $11.06 Billion
John Menard, Jr.’s profile picture
John Menard, Jr.
Net Worth is $11.04 Billion