Wolfgang Herz

About Wolfgang Herz

Birth Year: 1950
Birth Place: Hamburg, Germany, Germany
Residence: Hamburg, Germany
Occupation: member of Maxingvest's Supervisory Board
Known for: Co-owner, Tchibo
Parent(s): Max and Ingeburg Herz
Relatives: Michael Herz (brother) Günter Herz (brother) Daniela Herz-Schnoekel (sister) Joachim Herz (brother, deceased)

Wolfgang Herz Net Worth

Wolfgang Herz was bornon 1950 in Hamburg, Germany, Germany. Together with his brother Michael, Wolfgang Herz derives his fortune from two of Germany's most recognized companies: Tchibo -- which imports and sells coffee, while also retailing a range of other consumer goods and services -- and listed skin-care company Beiersdorf AG, whose brands include Nivea. (Older brother Guenter and sister Daniela Herz-Schnoeckel were bought out in 2003. A fourth brother, Joachim, died in a motorboat accident in 2008. Their mother, Ingeburg, died in 2015 at age 95.) Wolfgang's father, Max, along with Carl Tchiling-Hiryan, founded Tchibo in 1949. Family holding company maxingvest ag owns 100% of Tchibo and about 46% of Beiersdorf (with annual revenues total around $3.5 billion and $7 billion, respectively). While Beiersdorf has continued on a steady growth path, Tchibo is rebounding from a tough spell financially caused in part by increasing pressure, on one side, from coffee rivals like Starbucks, Nestle and Jacobs Douwe Egberts and, on the other, from consumer goods discounters like Metro and Aldi.
Wolfgang Herz is a member of Fashion and Retail

💰 Net worth: $5.2 Billion (Updated at 22 June 2018)

2009 $2.8 Billion
2010 $3.8 Billion
2011 $3.8 Billion
2012 $4.5 Billion
2013 $4.7 Billion
2014 $4.5 Billion
2015 $4.5 Billion
2016 $3.8 Billion
2017 $4.4 Billion
2018 $5.21 Billion

Some Wolfgang Herz images

Biography/Timeline

1949

Herz is the son of Max and Ingeburg Herz. His Father co-founded Tchibo in 1949 with Carl Tchilinghiryan.

2003

In 2003, along with his mother and brother, he bought out his other brother, Günter Herz, and sister, Daniela Herz-Schnoekel.

2015

According to Forbes, Herz has a net worth of $4.1 billion, as of January 2015. Herz lives in Hamburg.