From FamilyOfficeHub, November 25, 2024:
Germany has a high density of billionaires and ultra-high net-worth individuals. Single-family offices are the investment firms used by these wealthy families and individuals to manage their assets. On this page, we examine the richest German billionaires and their investment behavior. The single family offices featured are also part of our unique list of the most important European single family offices.
#1 Boehringer – von Baumbach Family Office, $50BN Net worth (combined)
The Boehringer / von Baumbach family made their fortune through the world’s leading pharmaceutical company, Boehringer Ingelheim. The company is still private and unlisted. In 2023, it had an operating profit of 4.8 billion euros and reported sales of almost 25.6 billion euros. The family manages its assets through its single family office, Profunda.
#2 Klaus-Michael Kuehne Family Office, $39.2BN Net worth
Klaus-Michael is the chairman and majority of the global logistics company, Kuehne + Nagel which was founded by his grandfather, August. He took over the company as CEO in 1966 and is now honorary chairman of Kuehne + Nagel International AG. As of today, he is the richest person in Germany.
#3 Dieter Schwarz Family Office, $38BN Net worth
Dieter Schwarz is a German billionaire who owns the global retail chain Lidl. Dieter Schwarz inherited the company from his father Josef Schwarz. Today, Lidl operates more than 12,300 stores in over 30 countries. With an annual turnover of €167.2 billion, it is one of the largest retail chains in the world. Schwarz himself is an active venture capital investor.
#4 Reinhold Wuerth Family Office, $33.6BN Net worth
Reinhold Würth is a German billionaire who owns the screw and tool manufacturer Würth. He joined the company in 1956 and has since built it into a market leader with operations in more than 80 countries. Reinhold Würth stepped down as CEO in 1994 but has since served as Chairman of the Supervisory Board of the Würth Group’s family trusts....
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