Dieter Schwarz

About Dieter Schwarz

Birth Day: September 24, 1939
Birth Place: Neckarsulm, Germany, Germany
Birth Sign: Libra
Residence: Neckarsulm, Germany
Occupation: Businessman
Title: Chairman and CEO of Lidl and Kaufland
Successor: Incumbent
Spouse(s): Franziska Schwarz
Children: 2

Dieter Schwarz Net Worth

Dieter Schwarz was bornon September 24, 1939 in Neckarsulm, Germany, Germany. Founded by Dieter's father, Josef, in 1930, Schwarz Group, with annual revenue exceeding $90 billion, is comprised of the Lidl and Kaufland store chains; the former is Germany's second-biggest discounter behind Aldi. The group has ambitious expansion plans for continental Europe, the U.K. and even the U.S., which it plans to enter in 2018. In June 2015, it announced plans to create more than 2,500 jobs in the U.K. as part of a $2 billion-plus, three-year expansion program there. Schwarz regularly appeared on Forbes' annual billionaires ranking in the 1990s but was taken off the list in 1999 after making the case to Forbes that he had transferred his ownership of Lidl to a charitable foundation. He returned to the list in 2013, after research showed that the Dieter Schwarz Foundation is a limited liability company with a charitable purpose, not a charitable foundation. Dividends are used to fund charitable projects, but Schwarz maintains full control over his shares and can sell them at any time. The Dieter Schwarz Foundation supports education and daycare facilities for children, science and research projects as well as other activities. In 2011, the Bildungscampus der Dieter Schwarz Stiftung opened in Heilbronn. The university campus, funded by the foundation, houses a graduate school of management and law as well as other higher education offerings. A decidedly private person who shuns all publicity, Schwarz has been married for more than 50 years and has two daughters. He has been decorated with prizes for his charitable works in Germany.
Dieter Schwarz is a member of Fashion & Retail

💰 Net worth: $15.7 Billion (Updated at 22 June 2018)

2013 $19.5 Billion
2014 $21.1 Billion
2015 $19.4 Billion
2016 $16.4 Billion
2017 $17 Billion
2018 $20.75 Billion

Some Dieter Schwarz images

Biography/Timeline

1977

After the death of his Father Josef Schwarz in 1977, he took control of the Schwarz & Lidl discount chain. Soon afterwards, he bought the naming rights from an unrelated person Ludwig Lidl, who was a former schoolteacher, in order to side-step a legal battle with the co-owner.

2009

In 2009 he was estimated to be worth 10 billion euro. As of October 2012 he was estimated to be worth 12 billion euro and increase from 11.5 billion euro in 2011. As of October 2012, the Bloomberg Billionaires Index lists Schwarz as the 29th richest person in the world with an estimated net worth of US$20.2 billion. In 2013, he was estimated be worth €19.6 billion, and ranked the 24th richest person in the world. As of February 2014, he is ranked as 23rd richest person in the world in the Hurun Report Global Rich List.