Nicolas Hayek Net Worth

Nicolas Hayek was a Swiss businessman born on February 19, 1928. He orchestrated the merger of two troubled Swiss watchmakers, SSIH and ASUAG, in 1983 and introduced the popular low-cost "Second Watch". The company was renamed The Swatch Group in 1998 and a year later, Hayek acquired the luxury time-piece brand Breguet. In 2007, he struck a licensing deal with Tiffany and in 2009, the Swatch Group's sales were $5 billion, down 6.3%. Despite this, the shares had increased by 160% in 12 months. His son, Nick Jr., is now the chief executive of the company, while Hayek still advises on major decisions.

Age, Biography and Wiki

Birth Day February 19, 1928
Birth Place Switzerland
Died On 28 June 2010(2010-06-28) (aged 82)\nBiel/Bienne, Switzerland
Birth Sign Pisces
Occupation Businessman
Title Swatch Group, Founder/Chairman

💰 Net worth: $3.9 Billion (2024)

in Beirut, Lebanon. He was the founder and CEO of the Swatch Group, which became the world's largest watch company. Hayek played a crucial role in reviving the Swiss watch industry during the 1980s. Under his leadership, Swatch gained immense popularity due to its innovative and affordable designs. Hayek's entrepreneurial acumen and passion for watches propelled him to great success, and his net worth steadily grew over the years. With his extraordinary contribution to the business world, it is no wonder that his net worth is estimated to be an impressive $3.9 billion in 2024.

Some Nicolas Hayek images



In 1963, Hayek founded his own management consulting firm, the Zurich-based Hayek Engineering. Hayek made his mark quickly on the Swiss and European Business scene by consulting and effecting successful turnarounds at several of the largest European multinationals. One of his management credos was: "The rarest resources are entrepreneurial types in top management." By 1979, Hayek Engineering had over 300 clients in 30 countries. Hayek was Chairman of the Board and CEO of Hayek Engineering from its founding until his death.


In the early 1980s, Hayek was asked by a group of Swiss Bankers to oversee a liquidation of ASUAG and SSIH, two Swiss watch-making firms which were in turmoil due to heavy competition from Japanese watch manufacturers such as Seiko and Citizen Watch. Hayek believed that the Swiss watch Manufacturing industry could remain competitive and that ASUAG/SSIH could recover after a restructuring of operations and a repositioning of the different brands.


Hayek died unexpectedly on 28 June 2010 of cardiac arrest during work at the Swatch Group headquarters in Biel.