Businessman

Wolfgang Herz Net Worth

Wolfgang Herz Net Worth is
$3.8 Billion



Wolfgang Herz Biography

$4.7 Billion: Michael Herz (born 1943) is a German businessman, co-owner of the German restaurant and retail chain Tchibo.In 1965, following the death of his father Max, who co-founded Tchibo in 1949 with Carl Tchilinghiryan, Herz joined up with Tchibo as head of product sales. In 2007, the Tchibo keeping company, transformed its name from Tchibo Keeping AG to Maxingvest AG. It really is 100% possessed by three family, including Hertz, his mom Ingeburg, and his brother Wolfgang Herz. In 2003, together with his mom and brother, he bought out his additional brother, Günter Herz, and sister, Daniela Herz-Schnoekel. In 2008, his brother Joachim passed away in a motorboat incident.According to Forbes’ set of global billionaires, Herz is usually listed at number 360 with a net really worth of $4.3 billion by July 8, 2015. He’s the 21st richest man in the united states of Germany. He’s wedded and lives in Hamburg. Wolfgang Herz Net Well worth: Wolfgang Herz is a German business owner who includes a net well worth of $4.4 billion. Wolfgang Herz eaned his fortune by inheriting prosperity from his late dad Max Hertz, a espresso baron. Wolfgang is usually a co-owner of Tchibo Holding, among Germany’s largest retail organizations. The company’s income has produced the Hertz family among the richest clans in Germany. Moreover, Wolfgang, together with his brother Michael succeeded in pressing out their siblings, Gunter and Daniela, from the business in 2003 in an extended family feud. Couple of years later on, the quarrel for the family members fortune was marked by their brother’s loss of life, Joachim. Now, the business also owns 50% of the shares of the non-public care organization Beiersdorf AG, making the popular Nivea brand. Regarding his siblings Gunter, Joachim, Michael and Daniela, Wolfgang Herz received an enormous fortune from his father’s inheritance. Wolfgang, regarding his mom Ingeburg and brother Michael, personal Tchibo Keeping which is now referred to as Maxingvest AG. The business now keeps 50.47% shares of


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