Michael & Reiner Schmidt-Ruthenbeck Net Worth 2024

Michael & Reiner Schmidt-Ruthenbeck Net Worth

Michael and Reiner Schmidt-Ruthenbeck are heirs to the Metro Group retail fortune, which was founded by their grandfather Karl Schmidt in the 1920s and expanded by their father Ernst and uncle Wilhelm in the 1960s. Metro AG went public in 1996 and now has revenue of over $60 billion, employing 203,000 people in 30 countries. Michael and Reiner are not involved in the management of the company, but Michael owns 13.5% of Metro. Reiner is believed to have disposed of most of his Metro shares, some of which have endowed two charitable foundations, Stiftung Meridian and Stiftung Mercator GmbH, which have spent almost $500 million on projects related to climate change mitigation and cultural education. A Swiss family foundation, Stiftung Mercator Schweiz, was founded in 1998 and works independently of the German foundation.
Michael & Reiner Schmidt-Ruthenbeck is a member of Fashion and Retail

Age, Biography and Wiki

Birth Place	Duisburg, Germany, Germany
Pronunciation	/ˈmaɪkəl/ German: [ˈmɪçaːʔeːl]
Gender	Male
Word/name	Hebrew: מִיכָאֵל‬ / מיכאל‬ (Mikha'el)
Meaning	"Who is like God?"
Nickname(s)	Mic, Micha, Mick, Mickey, Micki, Mickie, Mike, Mikey, Miki, Mikki, Miko, Mitch, Mitt
Related names	Machiel, Michaela, Michal, Michał, Mícheál, Michel, Michele, Michelle, Michiel, Miguel, Mihael, Mihai, Mihailo, Mihajlo, Mihalis, Mihály, Mihkel, Mihovil, Miika, Mikael, Mikel, Mikhail or Mihail (Михаил), Mikkel, Mikko, Misha, Mitchell

💰 Net worth: $2.1 Billion (2024)

Michael & Reiner Schmidt-Ruthenbeck, renowned figures in the world of fashion and retail in Germany, are predicted to have a staggering net worth of $2.1 billion by 2024. With their remarkable entrepreneurial journey, they have left an indelible mark on the industry, showcasing their exceptional talent and dedication. From their early beginnings to establishing flourishing fashion brands, the Schmidt-Ruthenbeck brothers have transformed the landscape of German fashion and retail. As they continue to navigate the ever-evolving market, their net worth serves as a testament to their remarkable success and industry influence.

2009 $2.6 Billion

2010 $3.5 Billion

2011 $4.3 Billion

2012 $2.3 Billion

2013 $2.2 Billion

2014 $2.8 Billion

2015 $2.9 Billion

2016 $2.4 Billion

2017 $2.7 Billion

2018 $3.05 Billion

Biography/Timeline

1954

Michael (and its variants) is one of the most Common given names for men in the world. In the United States, Michael was the most popular name of the 20th century, ranking No. 1 from 1954 to 1998 (with the exception of 1960, when it was second to David). It was among the top three most popular names for each year since 1953, only falling out of the top five in 2011 for the first time since 1949.

2014

In 2014, Michael was the 20th most popular name in Northern Ireland, 27th in Canada and 42nd in Australia. In England and Wales, Michael ranked 53rd in 2011 and 2012. Mícheál ranked as the eighth most popular name for boys in Ireland in 2013.

2015

Variants of Michael rank among the most popular masculine names in multiple countries. It was the third most popular in Finland from 2010-March 2015 (as Mikael), seventh in Russia in 2009 (as Mikhail), 14th in Spain in 2012 (as Miguel), and 15th in Denmark (as Mikkel).