Hans Riegel

About Hans Riegel

Birth Day: March 10, 1923
Birth Place: Germany
Died On: October 15, 2013(2013-10-15) (aged 90)
Birth Sign: Aries
Occupation: Entrepreneur
Years active: 1946-2013
Known for: Owned and operated the confectioner Haribo

Hans Riegel Net Worth

Hans Riegel was bornon March 10, 1923 in Germany. Candy maker Hans Riegel is the Gummi Bear billionaire -- and business has been growing, despite economic malaise in Europe. Riegel's estimated fortune has climbed an impressive $600 million in the past year as a result of increased sales. He is credited with inventing more than 200 sweets, including Gummi Bears, Vademecum sugar-free gum and Maoam fruit chewies, and has said he gets his inspiration from reading comic books and watching movies for children. The candies are produced by Riegel's ultra tight-lipped, family-owned Haribo candy company, which does not even disclose its revenues -- estimated at $2.9 billion (2.2 billion Euros) in 2011. He and his brother Paul rebuilt the company after World War II and ran it together until Paul's death in 2009, avoiding use of any debt. Hans, who is single and has no children, owns 50% of the company, still runs it and is in charge of marketing. The remaining 50% is owned by Paul's heirs. Paul's son Hans Guido Riegel heads production and technical questions. Two other sons of Paul, Hans Juergen Riegel and Hans Arndt Riegel, also sit on the supervisory board.
Hans Riegel is a member of Food and Beverage

💰 Net worth: $2.9 Billion

2010 $1.6 Billion
2011 $2 Billion
2012 $2.3 Billion
2013 $2.9 Billion
2018 $2.9 Billion

Some Hans Riegel images

Biography/Timeline

1922

Born in Bonn, he was the oldest son of the company's founder Hans Riegel, Sr., who invented the gummy bear in 1922. In fact, the name of the company, Haribo, comes from the first two letters of his name and where he was from (HANS RIEGEL BONN). After his graduation from the Jesuit boarding school Aloisiuskolleg, he did his doctorate in 1951 at Bonn University with his thesis "The development of the world sugar industry during and after the Second World War".

1953

In 1953, he was elected first President of the German badminton association (Deutscher Badminton-Verband) after he had won the German championship in the men's doubles. In 1954 and 1955 he won the mixed doubles title. In the same year, he organized the construction of the first indoor badminton court in Germany, called the Haribo-Centre, in Bonn.