Wolfgang Herz
Fashion and Retail

Wolfgang Herz Net Worth

10 months ago

Wolfgang Herz is a German billionaire who, together with his brother Michael, derives his fortune from two of Germany's most recognized companies: Tchibo and Beiersdorf AG. Their father, Max, founded Tchibo in 1949 and the family holding company maxingvest ag owns 100% of Tchibo and 46% of Beiersdorf. Both companies have annual revenues of around $3.5 billion and $7 billion respectively. Tchibo is facing increasing pressure from coffee rivals and consumer goods discounters, while Beiersdorf has continued on a steady growth path. Wolfgang's older brother Guenter and sister Daniela Herz-Schnoeckel were bought out in 2003 and his fourth brother, Joachim, died in a motorboat accident in 2008. Their mother, Ingeburg, died in 2015 at age 95.
Wolfgang Herz is a member of Fashion and Retail

Age, Biography and Wiki

Birth Year 1950
Birth Place Hamburg, Germany, Germany
Age 73 YEARS OLD
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)

💰 Net worth: $6.1 Billion (2024)

Wolfgang Herz is a prominent figure in the German fashion and retail industry. With an estimated net worth of $6.1 billion in 2024, he has made significant contributions to this sector. As a business leader and entrepreneur, Wolfgang Herz has successfully built and managed various fashion and retail enterprises, solidifying his position as one of the wealthiest individuals in Germany. His entrepreneurial endeavors have not only brought him substantial financial success but have also made him a respected figure in the business world.

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

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.

Some Wolfgang Herz images

Tags Living people German businesspeople 1950 births German billionaires Herz family German business biography stubs

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.