Siegfried Meister

About Siegfried Meister

Birth Day: October 17, 1938
Birth Place: Landsberg am Lech, Germany, Germany
Died On: 28 July 2017(2017-07-28) (aged 78)
Birth Sign: Scorpio
Residence: Landsberg am Lech, Germany
Occupation: Founder and 63% owner, Rational AG
Spouse(s): married

Siegfried Meister Net Worth

Siegfried Meister was bornon October 17, 1938 in Landsberg am Lech, Germany, Germany. Siegfried Meister, an electrical engineer who didn't like how food was prepared at the restaurant chain for which he worked, founded Rational AG in 1973. He owns 63% of the publicly traded company and chairs the supervisory board. Based in the Bavarian town of Landsberg, Rational has a 54% share of the global market for thermal food preparation appliances -- ovens, steamers and grills -- used in large-scale and commercial kitchens around the world, including the White House and Buckingham Palace. The $589 million (2015 sales) company, which went public in 2000, has grown consistently in the past 20 years, without acquisitions, and prides itself on innovative and energy-efficient technology. Its SelfCookingCenter 5 Senses line debuted in 2014 -- offering, among other features, controls and sensors for adjusting and monitoring cabinet cooking conditions and implementing customized chef specifications such as browning. Its heart, the control software, is fine-tuned for every country. There's ample room for future growth: According to Rational, of the potential three million customers, 90 percent don't currently own one of its products. Meister and his wife still come into the company, which employs around 1,530 people, every day to eat with the managers.
Siegfried Meister is a member of Manufacturing

💰 Net worth: $5.2 Billion

2012 $1.9 Billion
2013 $2.5 Billion
2014 $2.5 Billion
2015 $2.9 Billion
2016 $3.6 Billion
2017 $3.8 Billion
2018 $5.2 Billion

Some Siegfried Meister images

Biography/Timeline

1938

Meister was born in 1938. He trained as an electrical Engineer.

1973

In 1973, he founded Rational AG, which rose to success as a result of the popularity of the combination steamer, which he helped to develop. He owned 63.7% of Rational.

2017

He was married and lived in Landsberg am Lech, Germany. He died on 28 July 2017.