Erich Kellerhals

About Erich Kellerhals

Birth Day: November 08, 1939
Birth Place: Germany
Died On: December 25, 2017(2017-12-25) (aged 78)\nSalzburg, Austria
Birth Sign: Sagittarius
Residence: Ingolstadt, Germany
Known for: co-founder of Media-Saturn-Holding GmbH, owner of Media Markt
Spouse(s): Helga Kellerhals
Children: 1

Erich Kellerhals Net Worth

Erich Kellerhals was bornon November 08, 1939 in Germany. German billionaire Erich Kellerhals apparently died on Christmas Day in 2017. He and his wife Helga founded the electronics retail giant Media-Saturn GmbH with two business partners (Walter Gunz and Leopold Stiefel) in 1979. The first Media Markt opened its doors that year in an industrial park in Munich, with the aim of offering a broad selection of brand products at permanently low prices. In 1988, the founders sold a 54% stake to Kaufhof, which later merged with retail giant Metro. Still holding close to 22% of Media-Saturn and maintaining veto rights, Erich Kellerhals had a strained relationship with Metro over the governance and operation of Media-Saturn, resulting in extensive legal battles. Erich and Helga meanwhile founded their holding company Convergenta in 2004 and invested in shopping malls and commercial real estate. They also owned a fine-dining restaurant in the hills of Salzburg, Austria, where they lived. He is survived by his wife.
Erich Kellerhals is a member of Fashion & Retail

💰 Net worth: $1.8 Billion

2014 $4 Billion
2015 $3.4 Billion
2016 $3.3 Billion
2017 $1.8 Billion
2018 $1.8 Billion

Some Erich Kellerhals images